OPEN-SOURCE SCRIPT
IndicatorNeo_Support_Resistance_Alerts
## IndicatorNeo_Support_Resistance_Alerts
IndicatorNeo_Support_Resistance_Alerts is a breakout-focused TradingView indicator that identifies confirmed support and resistance levels using pivot highs and pivot lows. It helps traders monitor potential long and short breakout opportunities while providing structured alert messages containing the entry, stop-loss, and take-profit levels.
### Key Features
- Automatically detects support from confirmed pivot lows.
- Automatically detects resistance from confirmed pivot highs.
- Filters nearby levels to reduce chart noise and repeated level updates.
- Supports two minimum-distance calculation methods:
- Percentage-based distance
- ATR-based distance using `ta.atr(14) × ATR Multiplier`
- Displays support and resistance levels as extended horizontal lines.
- Generates long signals when price crosses above the latest resistance.
- Generates short signals when price crosses below the latest support.
- Uses confirmed bar-close signals to reduce intrabar noise.
- Calculates stop-loss and take-profit levels using ATR-based price distance.
- Provides independent Stop and Target multipliers.
- Supports machine-readable alert messages for automation and external systems.
### Alert Format
Long signal:
```
signal=long | entry=200.5 | stop=195.5 | target=210.5
```
Short signal:
```
signal=short | entry=200.5 | stop=205.5 | target=195.5
```
### How It Works
A support or resistance level is accepted only when the detected pivot is sufficiently far from the latest opposing level. The minimum distance can be calculated using either a percentage threshold or an ATR-based threshold.
When a confirmed candle closes across the latest resistance, the indicator generates a long signal. When a confirmed candle closes below the latest support, it generates a short signal.
Stop-loss and take-profit distances are based on:
```
ATR Distance = ta.atr(14) × ATR Multiplier
```
The configured Stop Multiplier and Target Multiplier independently scale the stop-loss and take-profit distances.
### Important Notes
This indicator is designed to detect breakout conditions and calculate reference risk levels. It does not place, manage, or close broker orders. Traders should combine the signals with their own market analysis, risk management, and trading plan. Past performance does not guarantee future results.
IndicatorNeo_Support_Resistance_Alerts is a breakout-focused TradingView indicator that identifies confirmed support and resistance levels using pivot highs and pivot lows. It helps traders monitor potential long and short breakout opportunities while providing structured alert messages containing the entry, stop-loss, and take-profit levels.
### Key Features
- Automatically detects support from confirmed pivot lows.
- Automatically detects resistance from confirmed pivot highs.
- Filters nearby levels to reduce chart noise and repeated level updates.
- Supports two minimum-distance calculation methods:
- Percentage-based distance
- ATR-based distance using `ta.atr(14) × ATR Multiplier`
- Displays support and resistance levels as extended horizontal lines.
- Generates long signals when price crosses above the latest resistance.
- Generates short signals when price crosses below the latest support.
- Uses confirmed bar-close signals to reduce intrabar noise.
- Calculates stop-loss and take-profit levels using ATR-based price distance.
- Provides independent Stop and Target multipliers.
- Supports machine-readable alert messages for automation and external systems.
### Alert Format
Long signal:
```
signal=long | entry=200.5 | stop=195.5 | target=210.5
```
Short signal:
```
signal=short | entry=200.5 | stop=205.5 | target=195.5
```
### How It Works
A support or resistance level is accepted only when the detected pivot is sufficiently far from the latest opposing level. The minimum distance can be calculated using either a percentage threshold or an ATR-based threshold.
When a confirmed candle closes across the latest resistance, the indicator generates a long signal. When a confirmed candle closes below the latest support, it generates a short signal.
Stop-loss and take-profit distances are based on:
```
ATR Distance = ta.atr(14) × ATR Multiplier
```
The configured Stop Multiplier and Target Multiplier independently scale the stop-loss and take-profit distances.
### Important Notes
This indicator is designed to detect breakout conditions and calculate reference risk levels. It does not place, manage, or close broker orders. Traders should combine the signals with their own market analysis, risk management, and trading plan. Past performance does not guarantee future results.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
PUSH(Persist-Until-Success-Happens)
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
PUSH(Persist-Until-Success-Happens)
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.