Wave Support and Resistance Pro

Copy and paste the level that is shared every morning in the Discord channel of Market Wave

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Wave Support & Resistance Pro v2

An all-in-one levels and market-structure tool. It lets you drop in your own support/resistance levels, auto-plots previous day and week highs/lows, colors every level by the role it's currently playing, fires directional alerts, and draws structure-based order blocks with an estimated volume read.

— FEATURES —

- Paste-in levels: Type or paste a comma-separated list of support levels and resistance levels straight into the settings (it ignores $ signs and line breaks, so messy pastes still work). Each one is drawn as an extended horizontal line.

- Role-based coloring: Every pasted level recolors itself live — green when price is above it (acting as support) and red when price is below it (acting as resistance) — so you always see which side you're on.

- Key Level: A manually entered level drawn thicker in its own color. If it matches a pasted level, that level is highlighted as the key.

- Previous Day / Week High & Low: Optional auto-plotted PDH, PDL, PWH and PWL, each with its own show toggle, alert toggle, and color picker.

- Directional alerts: Tick a level group on and it alerts automatically — support/lows when price drops through, resistance/highs when price rises through. Set up one alert in TradingView using "Any alert() function call."

- Order blocks (Smart Money Concepts): Blocks are anchored at the structural turning point of the leg that breaks structure. Breaks are labeled BOS (continuation) or CHoCH (trend flip), with optional HH/HL/LH/LL swing labels. Blocks extend right until price mitigates them, then clear automatically. Controls for swing sensitivity, max count, tight body-only zones, overlap hiding, and an ATR-based height cap keep them clean.

- Estimated block volume: Each block shows the volume traded during its formation plus the dominant buy/sell share, estimated from a lower timeframe.

— HOW TO USE —

1. Add to chart. Open settings.
2. Paste your support and resistance numbers into their boxes.
3. (Optional) Enter a Key Level and enable any previous day/week levels.
4. (Optional) Enable order blocks and adjust sensitivity to taste.
5. For alerts, create a TradingView alert on this indicator with the condition "Any alert() function call."

— NOTES —

The order-block logic is an original implementation of the publicly known Smart Money Concepts methodology. Buy/sell volume is an estimate derived from a lower timeframe — TradingView does not provide true bid/ask volume, so treat the percentage as an approximation, not order-flow data.

This script is a charting and analysis tool only. It is not financial advice and makes no guarantee of results. Always do your own research and manage your own risk.

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Update — Market Structure + Volumetric Order Blocks

Added a full Smart Money Concepts layer on top of the support/resistance tool:

- Swing labels: HH / HL / LH / LL marked at each confirmed pivot (toggle on/off).
- BOS / CHoCH: each break of structure is labeled and drawn with a dashed connector to the broken swing. Bullish breaks show green, bearish red. Each swing can only break once, so no duplicate markers.
- Order blocks: anchored at the structural turning point, drawn as clean thin zones that extend until price mitigates them, then clear. Each block shows estimated traded volume and buy/sell share (estimated from a lower timeframe — TradingView has no true bid/ask volume).
- Cleaner level handling: pasted support/resistance lines now recolor by role (green when price is above, red when below), and previous day/week High & Low levels got their own color pickers.

All structure and order-block features have independent on/off toggles, plus a control to limit how many recent markers stay on screen.

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트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.

Bullishsoul

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