OPEN-SOURCE SCRIPT
Auto Trend Support & Resistance Levels
Trend Following Support & Resistance [MTF]
Trend Following Support & Resistance [MTF] is an advanced multi-timeframe support and resistance indicator designed for traders who want clean, dynamic, and easy-to-follow market structure levels directly on the chart.
Unlike traditional static support and resistance tools, this indicator automatically updates levels based on recent price action and highlights important breakout areas in real time.
The indicator is optimized for:
• Trend following traders
• Breakout traders
• Scalpers
• Swing traders
• Multi-timeframe analysis
⸻
Features
✅ Automatic Support & Resistance Detection
Automatically tracks important support and resistance levels using recent market structure.
✅ Multi-Timeframe Support (MTF)
Display higher timeframe support and resistance levels directly on lower timeframe charts.
Example:
• View 1H S/R on a 5M chart
• View 4H S/R on a 15M chart
• Use current timeframe or custom timeframe
✅ Dynamic Breakout Highlighting
When price breaks a support or resistance level, the line automatically changes appearance to clearly show breakout zones.
✅ Fully Customizable
• Support & resistance colors
• Breakout colors
• Individual line widths
• Transparency
• Solid or dotted line styles
✅ Clean Trend Following Visualization
Designed to provide a simple and uncluttered trading experience.
⸻
How To Use
Trend Trading
Use support and resistance levels to trade in the direction of the trend.
• Buy near support during uptrends
• Sell near resistance during downtrends
Breakout Trading
Highlighted breakout levels can help identify:
• Potential trend continuation
• Strong momentum entries
• Key market structure breaks
Multi-Timeframe Analysis
Use higher timeframe levels on lower timeframe charts for stronger confluence.
Example:
• 1H levels on 5M chart
• Daily levels on 1H chart
⸻
Recommended Settings
Scalping:
• Lookback: 10–20
• Higher timeframe: 15M or 1H
Intraday:
• Lookback: 20–50
• Higher timeframe: 1H or 4H
Swing Trading:
• Lookback: 50–100
• Higher timeframe: 4H or Daily
⸻
Important Notes
This indicator is designed to assist with market structure analysis and should be used together with:
• Price action
• Volume
• Risk management
• Trend confirmation tools
No indicator guarantees winning trades.
⸻
If you enjoy this indicator, consider adding it to your favorites and follow for future updates.
Trend Following Support & Resistance [MTF] is an advanced multi-timeframe support and resistance indicator designed for traders who want clean, dynamic, and easy-to-follow market structure levels directly on the chart.
Unlike traditional static support and resistance tools, this indicator automatically updates levels based on recent price action and highlights important breakout areas in real time.
The indicator is optimized for:
• Trend following traders
• Breakout traders
• Scalpers
• Swing traders
• Multi-timeframe analysis
⸻
Features
✅ Automatic Support & Resistance Detection
Automatically tracks important support and resistance levels using recent market structure.
✅ Multi-Timeframe Support (MTF)
Display higher timeframe support and resistance levels directly on lower timeframe charts.
Example:
• View 1H S/R on a 5M chart
• View 4H S/R on a 15M chart
• Use current timeframe or custom timeframe
✅ Dynamic Breakout Highlighting
When price breaks a support or resistance level, the line automatically changes appearance to clearly show breakout zones.
✅ Fully Customizable
• Support & resistance colors
• Breakout colors
• Individual line widths
• Transparency
• Solid or dotted line styles
✅ Clean Trend Following Visualization
Designed to provide a simple and uncluttered trading experience.
⸻
How To Use
Trend Trading
Use support and resistance levels to trade in the direction of the trend.
• Buy near support during uptrends
• Sell near resistance during downtrends
Breakout Trading
Highlighted breakout levels can help identify:
• Potential trend continuation
• Strong momentum entries
• Key market structure breaks
Multi-Timeframe Analysis
Use higher timeframe levels on lower timeframe charts for stronger confluence.
Example:
• 1H levels on 5M chart
• Daily levels on 1H chart
⸻
Recommended Settings
Scalping:
• Lookback: 10–20
• Higher timeframe: 15M or 1H
Intraday:
• Lookback: 20–50
• Higher timeframe: 1H or 4H
Swing Trading:
• Lookback: 50–100
• Higher timeframe: 4H or Daily
⸻
Important Notes
This indicator is designed to assist with market structure analysis and should be used together with:
• Price action
• Volume
• Risk management
• Trend confirmation tools
No indicator guarantees winning trades.
⸻
If you enjoy this indicator, consider adding it to your favorites and follow for future updates.
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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。