OPEN-SOURCE SCRIPT
Advanced Support & Resistance - Volume Zones
**Advanced Support & Resistance - Volume Zones**
This indicator identifies potential support and resistance areas by detecting high-volume pivot points and converting them into visual price zones. Zones are created when unusual volume appears near local highs or lows, helping highlight areas where buying or selling pressure may have previously been significant.
The script includes automatic zone tuning that adjusts volume sensitivity, merge range, zone age, and visual zone thickness based on current market conditions and chart timeframe. This helps keep the zones proportional across very small timeframes, such as 1-second charts, as well as larger timeframes, including daily charts.
Key features include:
* High-volume support and resistance zone detection
* Automatic zone-setting adjustment based on market activity
* Automatic zone-appearance scaling by chart timeframe
* Optional volume-based zone widths
* Zone role reversal when price breaks through support or resistance
* Optional price-action swing lines for important pivot highs and lows that do not already have nearby volume zones
* Current bar volume status table showing volume, average volume, relative volume, and volume condition
* Customizable zone colors, opacity, borders, label size, and swing-line appearance
This script is designed to provide a cleaner view of meaningful support and resistance areas by combining volume activity with price structure. It can be useful for identifying possible reaction zones, breakout areas, retest levels, and areas of market interest.
As always, this indicator is intended as a visual analysis tool and should be used alongside your own trading plan, risk management, and confirmation methods.
Refinement assistance: Blue Finch
This indicator identifies potential support and resistance areas by detecting high-volume pivot points and converting them into visual price zones. Zones are created when unusual volume appears near local highs or lows, helping highlight areas where buying or selling pressure may have previously been significant.
The script includes automatic zone tuning that adjusts volume sensitivity, merge range, zone age, and visual zone thickness based on current market conditions and chart timeframe. This helps keep the zones proportional across very small timeframes, such as 1-second charts, as well as larger timeframes, including daily charts.
Key features include:
* High-volume support and resistance zone detection
* Automatic zone-setting adjustment based on market activity
* Automatic zone-appearance scaling by chart timeframe
* Optional volume-based zone widths
* Zone role reversal when price breaks through support or resistance
* Optional price-action swing lines for important pivot highs and lows that do not already have nearby volume zones
* Current bar volume status table showing volume, average volume, relative volume, and volume condition
* Customizable zone colors, opacity, borders, label size, and swing-line appearance
This script is designed to provide a cleaner view of meaningful support and resistance areas by combining volume activity with price structure. It can be useful for identifying possible reaction zones, breakout areas, retest levels, and areas of market interest.
As always, this indicator is intended as a visual analysis tool and should be used alongside your own trading plan, risk management, and confirmation methods.
Refinement assistance: Blue Finch
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.