OPEN-SOURCE SCRIPT
SMC Level Analyzer
Precision S&R Strength – Indicator Description
Overview
The Precision S&R Strength analyzer is a sophisticated technical tool designed to identify and quantify the importance of Support and Resistance levels. Unlike standard pivot-point indicators, this script calculates a dynamic strength percentage for each level based on historical price interaction and accumulated trading volume.
Core Functionality
Smart Level Detection: Automatically identifies key high and low pivot points.
Volume & Touch Analysis: Each level is back-tested against the last 300 candles. The strength percentage (displayed on the right margin) is a weighted calculation of how many times the price reacted to the zone and the volume transacted at those prices.
Supply & Demand Zones: Visualizes levels as horizontal "boxes" (Zones) rather than simple lines, representing the actual price range where orders are clustered.
Clean Visuals: All data labels are anchored to the right-side margin, keeping the main chart clean and focused on price movement.
Strategic Purpose & Risk Warning
CRITICAL: This indicator is NOT a standalone "Buy/Sell" signal generator.
The primary goal of this tool is to act as a Confluence Factor (Secondary Confirmation) for your trading strategy. To trade successfully with this indicator, you must:
Analyze Price Action: Look for candlestick patterns (like pin bars or engulfing candles) near the highlighted zones.
Follow the Trend: Always align your trades with the overall market structure (Order Flow). A "90% strength" resistance level is more likely to break if the macro trend is strongly bullish.
Use as Confirmation: Use the strength percentage to filter out "weak" levels and focus only on high-probability zones where smart money has previously shown interest.
Trading involves significant risk. Never rely solely on a single indicator for execution.
Overview
The Precision S&R Strength analyzer is a sophisticated technical tool designed to identify and quantify the importance of Support and Resistance levels. Unlike standard pivot-point indicators, this script calculates a dynamic strength percentage for each level based on historical price interaction and accumulated trading volume.
Core Functionality
Smart Level Detection: Automatically identifies key high and low pivot points.
Volume & Touch Analysis: Each level is back-tested against the last 300 candles. The strength percentage (displayed on the right margin) is a weighted calculation of how many times the price reacted to the zone and the volume transacted at those prices.
Supply & Demand Zones: Visualizes levels as horizontal "boxes" (Zones) rather than simple lines, representing the actual price range where orders are clustered.
Clean Visuals: All data labels are anchored to the right-side margin, keeping the main chart clean and focused on price movement.
Strategic Purpose & Risk Warning
CRITICAL: This indicator is NOT a standalone "Buy/Sell" signal generator.
The primary goal of this tool is to act as a Confluence Factor (Secondary Confirmation) for your trading strategy. To trade successfully with this indicator, you must:
Analyze Price Action: Look for candlestick patterns (like pin bars or engulfing candles) near the highlighted zones.
Follow the Trend: Always align your trades with the overall market structure (Order Flow). A "90% strength" resistance level is more likely to break if the macro trend is strongly bullish.
Use as Confirmation: Use the strength percentage to filter out "weak" levels and focus only on high-probability zones where smart money has previously shown interest.
Trading involves significant risk. Never rely solely on a single indicator for execution.
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.