OPEN-SOURCE SCRIPT
Anchor S&R Suite - Parallel
Anchor S&R Suite — Parallel
A data-driven, zero-repaint parallel support/resistance grid built from the market's own swing pivots.
Instead of eyeballing a range and dragging parallel lines by hand, this indicator finds the swing pivots automatically, groups the ones that cluster at similar prices into support/resistance levels, picks the single strongest Resistance/Support pair, and repeats that channel's height up and down as an evenly-spaced grid — recomputed on a higher-time-frame (HTF) rhythm and held flat in between.
WHAT MAKES IT DIFFERENT
• Data-driven, not arbitrary. The channel is built from REAL swing pivots that actually printed. A level's weight comes from how many pivots cluster on it and how long they span — not from a hand-placed box.
• Anchored to a time frame. You set the cadence (e.g. Weekly); the channel recomputes once per closed HTF candle and stays perfectly flat until the next close — clean horizontal steps, not sloping lines.
• Zero repaint. Pivots are confirmed and only closed HTF periods are used. A level you saw earlier sits in the exact same place now. Warm-up is not repaint: if a period has too few qualifying levels, the previous channel simply CARRIES FORWARD — no past value is ever rewritten.
HOW IT WORKS
1. Pivots — confirmed swing highs/lows on your CHART bars (strength = Pivot Period).
2. Window — at each cadence close, keep the pivots from the last `Lookback` closed HTF periods.
3. Clustering — sort pivots by price and merge those within Cluster Tolerance (% of price) into one level, carrying its touch COUNT and time SPAN.
4. Best channel — among levels with at least Min Touches, pick the Resistance/Support pair with the highest score (see below), subject to the width filters.
5. Grid — repeat that channel's height up and down: price = resistance − height × j. The base channel (Resistance & Support) is highlighted; the lines above/below are projected S/R.
THE ALGORITHM
For every Resistance cluster R and Support cluster S with R.price > S.price and height H = R − S > 0:
width% = H / basis × 100 (basis = Support or Resistance — see Width Basis)
reject if width% < Min% or width% > Max% (0 disables that bound)
score = (R.count + S.count) × (R.span + S.span + 1)
→ keep the highest-scoring pair; if none qualifies, carry the previous channel forward.
Why that score: (count) rewards levels touched many times; (span) rewards levels respected over a long stretch. Multiplying them favours a channel whose BOTH edges are repeatedly AND durably defended.
SETTINGS
• Cadence TF — when the channel recomputes and how macro it is. Higher = fewer, wider, slower channels; lower = tighter, more reactive. Must be greater than the chart TF.
• Lookback (1–20) — how many closed HTF periods of pivots feed the search. More = steadier, better-tested channel; less = tracks the latest swing but can be noisier or carry forward.
• Pivot Period — swing strength: a pivot needs this many bars on each side. Higher = bigger, fewer, more significant swings; lower = finer, busier levels. (A pivot is confirmed `period` bars after it forms — a delay, not repaint.)
• Price Source — High/Low (wicks, true extremes) or Open/Close (bodies only, cleaner on wick-heavy assets).
• Cluster Tolerance % — how close two pivots must be to count as the same level. Larger = fewer, fatter, better-touched levels; smaller = more, thinner levels (which may fall below Min Touches).
• Min Touches — minimum pivots in a cluster to qualify as a level. Higher = only well-tested levels (more robust, fewer candidates); lower = looser.
• Min / Max Channel Width % (+ Width Basis) — a FILTER on which R/S pairs are allowed, by channel height as a percentage. It does not resize a channel; it decides how tall the chosen one may be (and therefore the grid spacing).
width% = height / basis × 100, with basis = Support (“Bottom to Top”) or Resistance (“Top to Bottom”).
Example: R = 70 000, S = 63 000 → height 7 000 → 11.1% (Bottom to Top) or 10.0% (Top to Bottom).
Raise Min → forces a taller channel / wider grid; lower Max → forces a shorter channel / tighter grid; 0 = bound off. If the band is too strict, no pair passes and the channel carries forward.
Lookback = 1 (reactive) vs Lookback = 3 (broader, steadier).
• Parallel Lines (per side) — how many grid repeats are drawn above/below the base channel (total = 2 × N + 1). Coverage only.
• Display — colour & width for the Grid and the Base channel, and optional channel-height % labels.
The base channel (bold Resistance / Support) with the % labels on, and the lighter grid repeating around it.
HOW TO TRADE THE GRID
• Trade reactions, not the line itself — watch for a rejection, reclaim or stall at a line rather than assuming it stops there.
• The base channel is the anchor: inside it = range conditions (fade the edges); a clean break-and-hold often runs to the next grid line (one channel height away).
• Grid spacing = a measured-move unit — the next line up/down is a natural first target after a breakout.
• Confluence first — a line matters most where it lines up with prior structure, a round number, or (with the rest of the suite) a Volume/OI zone or a Fib level.
EXAMPLE SETUPS
• Swing (default): 1h–4h chart, Cadence = Weekly, Lookback = 3, Pivot Period = 5.
• Intraday: 5–15m chart, Cadence = Daily, Lookback = 2–3, Pivot Period = 3–5.
• Macro: Daily chart, Cadence = Monthly, Pivot Period = 8–15.
Nothing showing? Raise Cluster Tolerance, then lower Min Touches, then widen the Min/Max width band, then increase Lookback.
Works on any market and any timeframe.
This indicator is a charting / analysis tool. It is not financial advice and does not generate buy or sell signals.
A data-driven, zero-repaint parallel support/resistance grid built from the market's own swing pivots.
Instead of eyeballing a range and dragging parallel lines by hand, this indicator finds the swing pivots automatically, groups the ones that cluster at similar prices into support/resistance levels, picks the single strongest Resistance/Support pair, and repeats that channel's height up and down as an evenly-spaced grid — recomputed on a higher-time-frame (HTF) rhythm and held flat in between.
WHAT MAKES IT DIFFERENT
• Data-driven, not arbitrary. The channel is built from REAL swing pivots that actually printed. A level's weight comes from how many pivots cluster on it and how long they span — not from a hand-placed box.
• Anchored to a time frame. You set the cadence (e.g. Weekly); the channel recomputes once per closed HTF candle and stays perfectly flat until the next close — clean horizontal steps, not sloping lines.
• Zero repaint. Pivots are confirmed and only closed HTF periods are used. A level you saw earlier sits in the exact same place now. Warm-up is not repaint: if a period has too few qualifying levels, the previous channel simply CARRIES FORWARD — no past value is ever rewritten.
HOW IT WORKS
1. Pivots — confirmed swing highs/lows on your CHART bars (strength = Pivot Period).
2. Window — at each cadence close, keep the pivots from the last `Lookback` closed HTF periods.
3. Clustering — sort pivots by price and merge those within Cluster Tolerance (% of price) into one level, carrying its touch COUNT and time SPAN.
4. Best channel — among levels with at least Min Touches, pick the Resistance/Support pair with the highest score (see below), subject to the width filters.
5. Grid — repeat that channel's height up and down: price = resistance − height × j. The base channel (Resistance & Support) is highlighted; the lines above/below are projected S/R.
THE ALGORITHM
For every Resistance cluster R and Support cluster S with R.price > S.price and height H = R − S > 0:
width% = H / basis × 100 (basis = Support or Resistance — see Width Basis)
reject if width% < Min% or width% > Max% (0 disables that bound)
score = (R.count + S.count) × (R.span + S.span + 1)
→ keep the highest-scoring pair; if none qualifies, carry the previous channel forward.
Why that score: (count) rewards levels touched many times; (span) rewards levels respected over a long stretch. Multiplying them favours a channel whose BOTH edges are repeatedly AND durably defended.
SETTINGS
• Cadence TF — when the channel recomputes and how macro it is. Higher = fewer, wider, slower channels; lower = tighter, more reactive. Must be greater than the chart TF.
• Lookback (1–20) — how many closed HTF periods of pivots feed the search. More = steadier, better-tested channel; less = tracks the latest swing but can be noisier or carry forward.
• Pivot Period — swing strength: a pivot needs this many bars on each side. Higher = bigger, fewer, more significant swings; lower = finer, busier levels. (A pivot is confirmed `period` bars after it forms — a delay, not repaint.)
• Price Source — High/Low (wicks, true extremes) or Open/Close (bodies only, cleaner on wick-heavy assets).
• Cluster Tolerance % — how close two pivots must be to count as the same level. Larger = fewer, fatter, better-touched levels; smaller = more, thinner levels (which may fall below Min Touches).
• Min Touches — minimum pivots in a cluster to qualify as a level. Higher = only well-tested levels (more robust, fewer candidates); lower = looser.
• Min / Max Channel Width % (+ Width Basis) — a FILTER on which R/S pairs are allowed, by channel height as a percentage. It does not resize a channel; it decides how tall the chosen one may be (and therefore the grid spacing).
width% = height / basis × 100, with basis = Support (“Bottom to Top”) or Resistance (“Top to Bottom”).
Example: R = 70 000, S = 63 000 → height 7 000 → 11.1% (Bottom to Top) or 10.0% (Top to Bottom).
Raise Min → forces a taller channel / wider grid; lower Max → forces a shorter channel / tighter grid; 0 = bound off. If the band is too strict, no pair passes and the channel carries forward.
Lookback = 1 (reactive) vs Lookback = 3 (broader, steadier).
• Parallel Lines (per side) — how many grid repeats are drawn above/below the base channel (total = 2 × N + 1). Coverage only.
• Display — colour & width for the Grid and the Base channel, and optional channel-height % labels.
The base channel (bold Resistance / Support) with the % labels on, and the lighter grid repeating around it.
HOW TO TRADE THE GRID
• Trade reactions, not the line itself — watch for a rejection, reclaim or stall at a line rather than assuming it stops there.
• The base channel is the anchor: inside it = range conditions (fade the edges); a clean break-and-hold often runs to the next grid line (one channel height away).
• Grid spacing = a measured-move unit — the next line up/down is a natural first target after a breakout.
• Confluence first — a line matters most where it lines up with prior structure, a round number, or (with the rest of the suite) a Volume/OI zone or a Fib level.
EXAMPLE SETUPS
• Swing (default): 1h–4h chart, Cadence = Weekly, Lookback = 3, Pivot Period = 5.
• Intraday: 5–15m chart, Cadence = Daily, Lookback = 2–3, Pivot Period = 3–5.
• Macro: Daily chart, Cadence = Monthly, Pivot Period = 8–15.
Nothing showing? Raise Cluster Tolerance, then lower Min Touches, then widen the Min/Max width band, then increase Lookback.
Works on any market and any timeframe.
This indicator is a charting / analysis tool. It is not financial advice and does not generate buy or sell signals.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.