OPEN-SOURCE SCRIPT
Updated EZ$
**Level Reaction Engine v1.4 + High-Volume Support & Resistance** aka EZ$
This indicator identifies potential reactions at important market levels by combining objective key levels with high-volume support and resistance zones.
It provides six confirmed candle-close signals:
* **RL** — Rejection Long
* **RS** — Rejection Short
* **CL** — Continuation Long
* **CS** — Continuation Short
* **LQL** — Liquidity Sweep Long
* **LQS** — Liquidity Sweep Short
The indicator tracks levels including previous day, week and 4-hour highs/lows, Asia, London and New York session ranges, and the New York opening range.
High-volume support and resistance boxes can be used in three ways:
MNQ1! 
NQ1!
* Visual reference only
* Additional signal locations
* Required confluence with existing key levels
Signals use candle strength, proximity, microstructure confirmation, optional higher-timeframe bias and breakout/retest logic. All signals are confirmed after the candle closes.
Designed primarily for lower-timeframe futures trading, with the 5-minute chart used for context and the 1-minute chart used for precision entries.
This indicator is intended for analysis and educational purposes only. It does not guarantee profitable trades. Risk management and confirmation remain essential.
Includes support and resistance logic derived from ChartPrime code licensed under the Mozilla Public License 2.0.
This indicator identifies potential reactions at important market levels by combining objective key levels with high-volume support and resistance zones.
It provides six confirmed candle-close signals:
* **RL** — Rejection Long
* **RS** — Rejection Short
* **CL** — Continuation Long
* **CS** — Continuation Short
* **LQL** — Liquidity Sweep Long
* **LQS** — Liquidity Sweep Short
The indicator tracks levels including previous day, week and 4-hour highs/lows, Asia, London and New York session ranges, and the New York opening range.
High-volume support and resistance boxes can be used in three ways:
MNQ1! NQ1! * Visual reference only
* Additional signal locations
* Required confluence with existing key levels
Signals use candle strength, proximity, microstructure confirmation, optional higher-timeframe bias and breakout/retest logic. All signals are confirmed after the candle closes.
Designed primarily for lower-timeframe futures trading, with the 5-minute chart used for context and the 1-minute chart used for precision entries.
This indicator is intended for analysis and educational purposes only. It does not guarantee profitable trades. Risk management and confirmation remain essential.
Includes support and resistance logic derived from ChartPrime code licensed under the Mozilla Public License 2.0.
Release Notes
v1.5 Update — Extended High-Volume S/R Zones High-volume support and resistance boxes now extend automatically while the zone remains active. A support box stops extending after a confirmed candle closes below the entire zone, while a resistance box stops extending after a confirmed candle closes above it. Broken zones remain visible as faded, dashed historical structure, allowing traders to track previous reactions, breakouts, and potential role reversals without affecting the existing signal logic.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.