OPEN-SOURCE SCRIPT
ATK/DEF Support Resistance S/R Channel Rating Engine
ATK/DEF Support Resistance S/R Channel Rating Engine is a mu-factor support and resistance evaluat framework designed to analyze historl pric behavior and structural market reactions.
Unlike traditional support and resistance tools that mainly focus on previous reaction leve, this indicator focuses on evaluating the quality, strength, and structural condition of pric-based support and resistance areas through multiple analytical factors.
The engine combines three independent evaluat components into a unified structural rating model:
1. Historical Power Analysis
The Historical Power module evalua the histor significance of swing-based pric areas by analyzing pric movement intensity, volatility conditions, volume relationship, and histor market activity.
This component measures how strongly the market previously interacted with a specific pric area and provides a calcula power measurement based on histor characteristics.
2. Attenuation Index
The Attenuation Index evalua the gradual reduction of historl influence over time.
Pric structures can change as market conditions develop. This module evalua the effect of time distance and price displacement from the original formation area to describe the evolving structural condition of historical support and resistance zones.
3. Swirl Index
The Swirl Index evaluates surrounding market activity and volatility characteristics.
By analyzing recent pric range behavior and volatility changes, this component provides additional context regarding market activity around identified structural areas.
The three components are combined into a comprehensive rating framework that evalua support and resistance quality from mult dimensions instead of relying on a single histo reaction point.
The indicator processes swing-based structural areas, stores historical pric information, evaluates repeated interactions, and displays channel structures based on calculated structural measurements.
Key features:
• Multi-factor support and resistance evalua
• Histori pric reaction analysis
• Swing structure based channel visualization
• Power measurement based on pric and volume characteristics
• Structural weaken evaluati through attenuation analysis
• Market activity measurement through volatility analysis
• Mult-leve rating classification system
• Support and resistance behavior analysis
• Channel condition monitoring
• Detailed analytical table displaying calcula metrics
This indicator is designed as a market structure analysis tool for stud the relationship between histori pric behavior, structural strength, and chang market conditions.
The calcula focus on quantitative evalua of pric areas and structural characteristics rather than simple horizontal leve detection.
All displayed values represent analytical measurements derived from histor market dat and are intended for resea and technical analysis purposes.
Unlike traditional support and resistance tools that mainly focus on previous reaction leve, this indicator focuses on evaluating the quality, strength, and structural condition of pric-based support and resistance areas through multiple analytical factors.
The engine combines three independent evaluat components into a unified structural rating model:
1. Historical Power Analysis
The Historical Power module evalua the histor significance of swing-based pric areas by analyzing pric movement intensity, volatility conditions, volume relationship, and histor market activity.
This component measures how strongly the market previously interacted with a specific pric area and provides a calcula power measurement based on histor characteristics.
2. Attenuation Index
The Attenuation Index evalua the gradual reduction of historl influence over time.
Pric structures can change as market conditions develop. This module evalua the effect of time distance and price displacement from the original formation area to describe the evolving structural condition of historical support and resistance zones.
3. Swirl Index
The Swirl Index evaluates surrounding market activity and volatility characteristics.
By analyzing recent pric range behavior and volatility changes, this component provides additional context regarding market activity around identified structural areas.
The three components are combined into a comprehensive rating framework that evalua support and resistance quality from mult dimensions instead of relying on a single histo reaction point.
The indicator processes swing-based structural areas, stores historical pric information, evaluates repeated interactions, and displays channel structures based on calculated structural measurements.
Key features:
• Multi-factor support and resistance evalua
• Histori pric reaction analysis
• Swing structure based channel visualization
• Power measurement based on pric and volume characteristics
• Structural weaken evaluati through attenuation analysis
• Market activity measurement through volatility analysis
• Mult-leve rating classification system
• Support and resistance behavior analysis
• Channel condition monitoring
• Detailed analytical table displaying calcula metrics
This indicator is designed as a market structure analysis tool for stud the relationship between histori pric behavior, structural strength, and chang market conditions.
The calcula focus on quantitative evalua of pric areas and structural characteristics rather than simple horizontal leve detection.
All displayed values represent analytical measurements derived from histor market dat and are intended for resea and technical analysis purposes.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.