OPEN-SOURCE SCRIPT
Support & Resistance
s&r mtf is a support and resistance indicator designed to display clean zones directly on the chart.
the script automatically detects support zones from pivot lows and resistance zones from pivot highs. each zone is displayed with a rectangle, a dotted center line, and an optional label.
the goal is to help the trader identify important areas where price may react, reject, break, or come back for a retest.
the mtf version allows zones from a higher timeframe to be displayed on a lower timeframe. for example, daily zones can be displayed on an h1, 30 minute, or 15 minute chart.
this script is not an automatic buy or sell system. it is designed to read market structure, prepare decision zones, and avoid trading without context.
main features
automatic support zones
automatic resistance zones
chart mode or mtf mode
display higher timeframe zones on the current chart
support only below price
resistance only above price
left zone extension
right zone extension
merge zones that touch
merge zones that are too close according to the minimum distance setting
keep the lowest support when zones merge
keep the highest resistance when zones merge
strong candle break filter
optional candle close confirmation
doji filter
atr strength filter
force percentage inside the label
support break alerts
resistance break alerts
clean display with rectangles, center lines, and labels
how the script works
the script creates a resistance zone when a pivot high is confirmed.
the script creates a support zone when a pivot low is confirmed.
a resistance is valid only when it is above the current price.
a support is valid only when it is below the current price.
if two support zones touch or are too close, they are merged and the lowest support is kept.
if two resistance zones touch or are too close, they are merged and the highest resistance is kept.
if price breaks a zone with the selected break conditions, the zone can be removed and an alert can be triggered.
chart mode
chart mode uses the current chart timeframe.
example:
if the chart is on 30 minutes, the zones are calculated from the 30 minute chart pivots.
this mode is useful for reading the exact timeframe you are trading.
mtf mode
mtf mode calculates zones from a higher timeframe and displays them on the current chart.
example:
you are on an h1 chart.
you enable mtf mode.
you choose the daily timeframe.
the script displays daily zones directly on the h1 chart.
this helps keep major market zones visible while trading intraday.
mtf use case example
if you trade on 30 minutes, you can display daily zones.
this helps avoid buying directly under a daily resistance or selling directly above a daily support.
mtf zones are often more important than small lower timeframe zones because they come from a wider market structure.
beginner tutorial
step 1: enable the module
enable the support and resistance module.
if the mode is set to chart, the script uses the current chart timeframe.
if the mode is set to mtf, the script uses the timeframe selected in the mtf settings.
step 2: choose the mode
use chart if you want zones from the current timeframe.
use mtf if you want to see zones from a higher timeframe.
simple example:
for scalping on 10 minutes, display h1 or daily zones.
for trading on h1, display daily zones.
for trading on h4, display daily or weekly zones.
step 3: watch support zones
support zones are located below price.
a support can be used as an area of interest to look for a bullish reaction.
a beginner can wait for a wick rejection, a bullish close, or a reclaim above the zone before looking for a possible long setup.
step 4: watch resistance zones
resistance zones are located above price.
a resistance can be used as an area of interest to look for a bearish reaction.
a beginner can wait for rejection, a bearish close, or a failed breakout before looking for a possible short setup.
step 5: do not trade a zone alone
a zone is not an automatic signal.
you should wait for confirmation.
possible confirmations:
price reaction
wick rejection
clean close
volume
trend alignment
confirmed breakout
zone retest
step 6: use the merge logic
if several zones touch or are too close, the script groups them together.
this helps avoid a chart filled with useless overlapping zones.
for supports, the lowest level is kept.
for resistances, the highest level is kept.
step 7: use the minimum distance setting
minimum distance helps prevent zones from being created too close to each other.
if you lower the distance, the script accepts more zones.
if you increase the distance, the chart becomes cleaner and more selective.
even if the minimum distance is low, two zones that really touch should remain merged.
input explanation
enable s/r module
turns the support and resistance module on or off.
zone source mode
selects the source of the zones.
chart uses the current timeframe.
mtf uses the selected higher timeframe.
mtf zone timeframe
selects the timeframe used to calculate mtf zones.
example:
daily to display daily zones on h1 or 30 minute charts.
weekly to display weekly zones on h4 or daily charts.
pivot length
controls pivot sensitivity.
a lower value creates more zones and reacts faster.
a higher value creates fewer zones but makes them more selective.
number of visible zones
sets the maximum number of visible zones.
a lower value gives a cleaner chart.
a higher value shows more historical structure.
show s/r labels
shows or hides zone labels.
labels can display the zone type, percentage distance, and force value.
show only 2 active zones
keeps only the latest active resistance and the latest active support.
this is useful for a very clean chart.
minimum distance between zones
sets the minimum space between zones.
the higher the value, the fewer close zones will remain.
the lower the value, the more close zones the script accepts.
zone left extension
extends zones to the left.
this helps show the visual origin of a zone.
zone right extension
extends zones to the right.
this projects the zones into the future.
confirm breaks only on candle close
when enabled, a break is confirmed only after the candle closes.
this reduces false breaks during a live candle.
break equals full body outside zone plus strong candle
when enabled, the script requires the full candle body to close outside the zone with enough strength.
this makes break detection stricter.
max doji body to range
defines when a candle is considered a doji.
a doji is a candle with a small body.
doji candles can be ignored to avoid weak break signals.
min strength body to range
defines the minimum body size compared to the full candle range.
a higher value requires a stronger candle.
min strength body greater or equal atr multiplier
defines the minimum body strength compared to atr.
the higher the value, the stronger the break candle must be.
show force percent
shows the zone penetration force inside the label.
cap force percent
limits the displayed force value to avoid very large numbers.
max cap percent
sets the maximum displayed value when the force cap is enabled.
alert break resistance
enables the alert when a resistance zone is broken.
alert break support
enables the alert when a support zone is broken.
bullish use case example
price comes back to a support zone.
the support remains below price.
the market shows a bullish reaction.
a rejection candle appears.
the trader can then watch for a possible long setup, especially if the general trend is bullish.
bearish use case example
price comes back to a resistance zone.
the resistance remains above price.
the market shows rejection.
a bearish candle appears.
the trader can then watch for a possible short setup, especially if the general trend is bearish.
mtf example
you trade on h1.
you enable mtf mode.
you choose daily.
daily zones appear on the h1 chart.
if price reaches a daily resistance, the trader avoids buying too late.
if price returns to a daily support, the trader watches for a possible reaction.
beginner tips
do not trade every zone automatically.
always wait for price reaction.
avoid buying directly below resistance.
avoid selling directly above support.
use mtf zones as major decision areas.
always use a stop loss.
use proper position sizing.
combine the zones with trend, volume, candlesticks, and market structure.
important note
this script does not guarantee results.
supports can break.
resistances can break.
the best use of this tool is to treat it as a map of important market zones, combined with strict risk management and personal confirmation before each trade.
the script automatically detects support zones from pivot lows and resistance zones from pivot highs. each zone is displayed with a rectangle, a dotted center line, and an optional label.
the goal is to help the trader identify important areas where price may react, reject, break, or come back for a retest.
the mtf version allows zones from a higher timeframe to be displayed on a lower timeframe. for example, daily zones can be displayed on an h1, 30 minute, or 15 minute chart.
this script is not an automatic buy or sell system. it is designed to read market structure, prepare decision zones, and avoid trading without context.
main features
automatic support zones
automatic resistance zones
chart mode or mtf mode
display higher timeframe zones on the current chart
support only below price
resistance only above price
left zone extension
right zone extension
merge zones that touch
merge zones that are too close according to the minimum distance setting
keep the lowest support when zones merge
keep the highest resistance when zones merge
strong candle break filter
optional candle close confirmation
doji filter
atr strength filter
force percentage inside the label
support break alerts
resistance break alerts
clean display with rectangles, center lines, and labels
how the script works
the script creates a resistance zone when a pivot high is confirmed.
the script creates a support zone when a pivot low is confirmed.
a resistance is valid only when it is above the current price.
a support is valid only when it is below the current price.
if two support zones touch or are too close, they are merged and the lowest support is kept.
if two resistance zones touch or are too close, they are merged and the highest resistance is kept.
if price breaks a zone with the selected break conditions, the zone can be removed and an alert can be triggered.
chart mode
chart mode uses the current chart timeframe.
example:
if the chart is on 30 minutes, the zones are calculated from the 30 minute chart pivots.
this mode is useful for reading the exact timeframe you are trading.
mtf mode
mtf mode calculates zones from a higher timeframe and displays them on the current chart.
example:
you are on an h1 chart.
you enable mtf mode.
you choose the daily timeframe.
the script displays daily zones directly on the h1 chart.
this helps keep major market zones visible while trading intraday.
mtf use case example
if you trade on 30 minutes, you can display daily zones.
this helps avoid buying directly under a daily resistance or selling directly above a daily support.
mtf zones are often more important than small lower timeframe zones because they come from a wider market structure.
beginner tutorial
step 1: enable the module
enable the support and resistance module.
if the mode is set to chart, the script uses the current chart timeframe.
if the mode is set to mtf, the script uses the timeframe selected in the mtf settings.
step 2: choose the mode
use chart if you want zones from the current timeframe.
use mtf if you want to see zones from a higher timeframe.
simple example:
for scalping on 10 minutes, display h1 or daily zones.
for trading on h1, display daily zones.
for trading on h4, display daily or weekly zones.
step 3: watch support zones
support zones are located below price.
a support can be used as an area of interest to look for a bullish reaction.
a beginner can wait for a wick rejection, a bullish close, or a reclaim above the zone before looking for a possible long setup.
step 4: watch resistance zones
resistance zones are located above price.
a resistance can be used as an area of interest to look for a bearish reaction.
a beginner can wait for rejection, a bearish close, or a failed breakout before looking for a possible short setup.
step 5: do not trade a zone alone
a zone is not an automatic signal.
you should wait for confirmation.
possible confirmations:
price reaction
wick rejection
clean close
volume
trend alignment
confirmed breakout
zone retest
step 6: use the merge logic
if several zones touch or are too close, the script groups them together.
this helps avoid a chart filled with useless overlapping zones.
for supports, the lowest level is kept.
for resistances, the highest level is kept.
step 7: use the minimum distance setting
minimum distance helps prevent zones from being created too close to each other.
if you lower the distance, the script accepts more zones.
if you increase the distance, the chart becomes cleaner and more selective.
even if the minimum distance is low, two zones that really touch should remain merged.
input explanation
enable s/r module
turns the support and resistance module on or off.
zone source mode
selects the source of the zones.
chart uses the current timeframe.
mtf uses the selected higher timeframe.
mtf zone timeframe
selects the timeframe used to calculate mtf zones.
example:
daily to display daily zones on h1 or 30 minute charts.
weekly to display weekly zones on h4 or daily charts.
pivot length
controls pivot sensitivity.
a lower value creates more zones and reacts faster.
a higher value creates fewer zones but makes them more selective.
number of visible zones
sets the maximum number of visible zones.
a lower value gives a cleaner chart.
a higher value shows more historical structure.
show s/r labels
shows or hides zone labels.
labels can display the zone type, percentage distance, and force value.
show only 2 active zones
keeps only the latest active resistance and the latest active support.
this is useful for a very clean chart.
minimum distance between zones
sets the minimum space between zones.
the higher the value, the fewer close zones will remain.
the lower the value, the more close zones the script accepts.
zone left extension
extends zones to the left.
this helps show the visual origin of a zone.
zone right extension
extends zones to the right.
this projects the zones into the future.
confirm breaks only on candle close
when enabled, a break is confirmed only after the candle closes.
this reduces false breaks during a live candle.
break equals full body outside zone plus strong candle
when enabled, the script requires the full candle body to close outside the zone with enough strength.
this makes break detection stricter.
max doji body to range
defines when a candle is considered a doji.
a doji is a candle with a small body.
doji candles can be ignored to avoid weak break signals.
min strength body to range
defines the minimum body size compared to the full candle range.
a higher value requires a stronger candle.
min strength body greater or equal atr multiplier
defines the minimum body strength compared to atr.
the higher the value, the stronger the break candle must be.
show force percent
shows the zone penetration force inside the label.
cap force percent
limits the displayed force value to avoid very large numbers.
max cap percent
sets the maximum displayed value when the force cap is enabled.
alert break resistance
enables the alert when a resistance zone is broken.
alert break support
enables the alert when a support zone is broken.
bullish use case example
price comes back to a support zone.
the support remains below price.
the market shows a bullish reaction.
a rejection candle appears.
the trader can then watch for a possible long setup, especially if the general trend is bullish.
bearish use case example
price comes back to a resistance zone.
the resistance remains above price.
the market shows rejection.
a bearish candle appears.
the trader can then watch for a possible short setup, especially if the general trend is bearish.
mtf example
you trade on h1.
you enable mtf mode.
you choose daily.
daily zones appear on the h1 chart.
if price reaches a daily resistance, the trader avoids buying too late.
if price returns to a daily support, the trader watches for a possible reaction.
beginner tips
do not trade every zone automatically.
always wait for price reaction.
avoid buying directly below resistance.
avoid selling directly above support.
use mtf zones as major decision areas.
always use a stop loss.
use proper position sizing.
combine the zones with trend, volume, candlesticks, and market structure.
important note
this script does not guarantee results.
supports can break.
resistances can break.
the best use of this tool is to treat it as a map of important market zones, combined with strict risk management and personal confirmation before each trade.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Light the candle that sleeps within you.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Light the candle that sleeps within you.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。