OPEN-SOURCE SCRIPT
[KTY] Auto Support & Resistance
[KTY] Auto Support & Resistance
Automatically detects and displays key support and resistance levels
based on pivot highs and lows.
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🔑 Key Features
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✅ Auto S/R Detection
Scans recent price action using pivot analysis
and plots up to 5 resistance and 5 support levels automatically.
Resistance (Red): Price zones where selling pressure tends to increase
Support (Green): Price zones where buying pressure tends to increase
Levels are calculated from wick-based pivot highs and lows,
capturing the most structurally significant price reactions.
Price values are displayed to the right of each level
for quick reference.
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📖 How to Use
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1️⃣ Bounce near support → higher chance of upward move
2️⃣ Rejection near resistance → higher chance of downward move
3️⃣ Break and retest → check for S/R flip (role reversal)
🔄 S/R Flip
- Broken support may act as new resistance
- Broken resistance may act as new support
- Watch for price reaction at previous levels after breakout
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🔧 Settings
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Show Support & Resistance: Toggle visibility on/off
Resistance Color: Customize resistance line color (default: red)
Support Color: Customize support line color (default: teal)
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🔔 Alerts
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Resistance Touch: Triggers when price reaches the nearest resistance level
Support Touch: Triggers when price reaches the nearest support level
Touch detection uses a 0.1% tolerance zone
to account for near-misses and wicks.
Setup: ALT + A → Select 【Auto Support & Resistance】→ Create alert
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⚠️ Disclaimer
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This indicator is an analysis tool, not a trade signal service.
Based on historical pivot data — does not guarantee future price reactions.
Strong trends may break through S/R levels easily.
All trading decisions and associated risks are solely your responsibility.
Automatically detects and displays key support and resistance levels
based on pivot highs and lows.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔑 Key Features
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
✅ Auto S/R Detection
Scans recent price action using pivot analysis
and plots up to 5 resistance and 5 support levels automatically.
Resistance (Red): Price zones where selling pressure tends to increase
Support (Green): Price zones where buying pressure tends to increase
Levels are calculated from wick-based pivot highs and lows,
capturing the most structurally significant price reactions.
Price values are displayed to the right of each level
for quick reference.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📖 How to Use
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1️⃣ Bounce near support → higher chance of upward move
2️⃣ Rejection near resistance → higher chance of downward move
3️⃣ Break and retest → check for S/R flip (role reversal)
🔄 S/R Flip
- Broken support may act as new resistance
- Broken resistance may act as new support
- Watch for price reaction at previous levels after breakout
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔧 Settings
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Show Support & Resistance: Toggle visibility on/off
Resistance Color: Customize resistance line color (default: red)
Support Color: Customize support line color (default: teal)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔔 Alerts
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Resistance Touch: Triggers when price reaches the nearest resistance level
Support Touch: Triggers when price reaches the nearest support level
Touch detection uses a 0.1% tolerance zone
to account for near-misses and wicks.
Setup: ALT + A → Select 【Auto Support & Resistance】→ Create alert
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚠️ Disclaimer
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
This indicator is an analysis tool, not a trade signal service.
Based on historical pivot data — does not guarantee future price reactions.
Strong trends may break through S/R levels easily.
All trading decisions and associated risks are solely your responsibility.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
KTY | Kim Thank You 🙏
Professional trading indicators built from years of experience.
📱 Telegram
t.me/kimthankyou
🌐 Website
kimthankyou.com
Professional trading indicators built from years of experience.
📱 Telegram
t.me/kimthankyou
🌐 Website
kimthankyou.com
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
KTY | Kim Thank You 🙏
Professional trading indicators built from years of experience.
📱 Telegram
t.me/kimthankyou
🌐 Website
kimthankyou.com
Professional trading indicators built from years of experience.
📱 Telegram
t.me/kimthankyou
🌐 Website
kimthankyou.com
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.