OPEN-SOURCE SCRIPT
Neural SR [BeNice]
Neural SR [BeNice] — Description
Neural SR [BeNice] is an advanced support and resistance indicator that automatically detects, manages, and visualizes pivot-based price levels derived from multiple timeframes. Beyond simple line plotting, the indicator evaluates the quality and relevance of each level by analyzing price interaction behavior such as touches, reactions, and retests, and dynamically filters the results accordingly.
Core Methodology
• Generates support and resistance levels from pivot highs and pivot lows
• Supports dual higher-timeframe (HTF) analysis within a single chart
• Scores levels based on real market interaction instead of static occurrence counts
• Reduces noise through cluster merging of nearby levels
• Optionally visualizes levels as zones rather than single price lines
Key Features
1) Dual Timeframe Support (TF1 + TF2)
The indicator allows two independent higher timeframes to be displayed simultaneously, enabling users to monitor both local and major structural levels in one environment.
Each timeframe includes independent controls for:
• Pivot sensitivity (left/right bars)
• Maximum number of levels
• Color, width, and style
• Line extension behavior
2) Adaptive Touch Detection (Wick / Body / Wick+Body)
Users can define how price interaction with a level is interpreted:
• Wick only
• Candle body only
• Combined wick and body
Tolerance can be controlled using ATR-based or tick-based deviation, ensuring consistent behavior across instruments with different volatility characteristics.
3) Strength Scoring Engine
Instead of treating all levels equally, the indicator computes a strength score based on market behavior:
• Number of touches (from above and below)
• Measured reactions after contact within a defined window
• Break and retest occurrences
• Cluster merge density
This score dynamically controls:
• Line thickness
• Transparency (visual prominence)
Weak levels can be automatically filtered using configurable thresholds.
4) Break & Retest Detection
An optional module tracks confirmed breaks and subsequent retests within a configurable time window. When a valid retest occurs, the indicator marks it directly on the chart, providing contextual confirmation of structural shifts.
ATR-based buffers can be applied to define break validity.
5) Zone Mode
Levels can be displayed as price zones instead of single lines. Zone width can be derived from ATR or tick values, which is particularly useful in high-volatility environments where price interaction rarely occurs at an exact level.
6) Cluster Merge Logic
Nearby levels within a configurable tolerance are automatically merged into a single representative level. This approach:
• Reduces visual clutter
• Improves chart readability
• Highlights areas with higher structural significance
7) Volume and Range Filters (Optional)
Level generation can be filtered based on the conditions of the pivot bar:
• Volume Filter — Accept levels only if volume exceeds a moving average threshold
• Range Filter — Accept levels only if true range exceeds an ATR-based threshold
Differentiation
Neural SR [BeNice] differs from conventional support and resistance tools by focusing on behavior-driven validation rather than static level detection.
Key distinctions include:
• Dynamic strength modeling based on market interaction
• Automatic prominence adjustment to emphasize relevant levels
• Intelligent merging of overlapping levels to reduce noise
• Volatility-adaptive tolerance using ATR and tick scaling
• Integrated multi-timeframe architecture within a single indicator
Usage Notes
• Because the indicator is pivot-based, levels become confirmed only after pivot validation (left/right bar confirmation delay is expected)
• When filters and automatic strength thresholds are enabled, weaker levels may be intentionally hidden to maintain clarity
• This tool is designed for technical analysis support and should not be considered a standalone trading signal
Neural SR [BeNice] is an advanced support and resistance indicator that automatically detects, manages, and visualizes pivot-based price levels derived from multiple timeframes. Beyond simple line plotting, the indicator evaluates the quality and relevance of each level by analyzing price interaction behavior such as touches, reactions, and retests, and dynamically filters the results accordingly.
Core Methodology
• Generates support and resistance levels from pivot highs and pivot lows
• Supports dual higher-timeframe (HTF) analysis within a single chart
• Scores levels based on real market interaction instead of static occurrence counts
• Reduces noise through cluster merging of nearby levels
• Optionally visualizes levels as zones rather than single price lines
Key Features
1) Dual Timeframe Support (TF1 + TF2)
The indicator allows two independent higher timeframes to be displayed simultaneously, enabling users to monitor both local and major structural levels in one environment.
Each timeframe includes independent controls for:
• Pivot sensitivity (left/right bars)
• Maximum number of levels
• Color, width, and style
• Line extension behavior
2) Adaptive Touch Detection (Wick / Body / Wick+Body)
Users can define how price interaction with a level is interpreted:
• Wick only
• Candle body only
• Combined wick and body
Tolerance can be controlled using ATR-based or tick-based deviation, ensuring consistent behavior across instruments with different volatility characteristics.
3) Strength Scoring Engine
Instead of treating all levels equally, the indicator computes a strength score based on market behavior:
• Number of touches (from above and below)
• Measured reactions after contact within a defined window
• Break and retest occurrences
• Cluster merge density
This score dynamically controls:
• Line thickness
• Transparency (visual prominence)
Weak levels can be automatically filtered using configurable thresholds.
4) Break & Retest Detection
An optional module tracks confirmed breaks and subsequent retests within a configurable time window. When a valid retest occurs, the indicator marks it directly on the chart, providing contextual confirmation of structural shifts.
ATR-based buffers can be applied to define break validity.
5) Zone Mode
Levels can be displayed as price zones instead of single lines. Zone width can be derived from ATR or tick values, which is particularly useful in high-volatility environments where price interaction rarely occurs at an exact level.
6) Cluster Merge Logic
Nearby levels within a configurable tolerance are automatically merged into a single representative level. This approach:
• Reduces visual clutter
• Improves chart readability
• Highlights areas with higher structural significance
7) Volume and Range Filters (Optional)
Level generation can be filtered based on the conditions of the pivot bar:
• Volume Filter — Accept levels only if volume exceeds a moving average threshold
• Range Filter — Accept levels only if true range exceeds an ATR-based threshold
Differentiation
Neural SR [BeNice] differs from conventional support and resistance tools by focusing on behavior-driven validation rather than static level detection.
Key distinctions include:
• Dynamic strength modeling based on market interaction
• Automatic prominence adjustment to emphasize relevant levels
• Intelligent merging of overlapping levels to reduce noise
• Volatility-adaptive tolerance using ATR and tick scaling
• Integrated multi-timeframe architecture within a single indicator
Usage Notes
• Because the indicator is pivot-based, levels become confirmed only after pivot validation (left/right bar confirmation delay is expected)
• When filters and automatic strength thresholds are enabled, weaker levels may be intentionally hidden to maintain clarity
• This tool is designed for technical analysis support and should not be considered a standalone trading signal
오픈 소스 스크립트
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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.