OPEN-SOURCE SCRIPT

Session Based Support & Resistance (Custom HTF Anchor)

HTF SESSION SUPPORT & RESISTANCE

HTF Session Support & Resistance is designed to estimate potential support and resistance levels using a custom Higher Timeframe (HTF) calculation.

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🟡 Main Levels
The indicator plots three main types of levels:

Support & Resistance – Calculated from the previous HTF candle.
Pivot – The central reference level (yellow line).
Expansion Levels – Additional outer levels based on a customizable multiplier (default: 0.9).

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🟡 How to Use
This indicator is intended to help identify potential areas where price may react:

Potential support and resistance zones.
Pullbacks or reversals around the Pivot level.
Profit targets and risk management.
Stronger reactions near the Expansion Levels.

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⚙️you can custom your own HTF session anchor time, making it easier to align the levels with your preferred market session.

⚠️ Like any technical indicator, these levels should be used together with price action and your own trading strategy, not as standalone buy or sell signals.

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I hope this indicator helps simplify your chart analysis and becomes a useful part of your trading workflow.

Best regards,

Algedo

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

algedo

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Script open-source

algedo