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MYND Fractal Support/Resistance Density Map [v1.4]
MYND Fractal Support/Resistance Density Map [v1.4]
A decayed, multi-scale support/resistance DENSITY map - not a single pivot-line tool. It detects swing highs/lows at 3 configurable pivot scales, scores every confirmed pivot into a rolling price-bin array (volume-weighted), and decays that score every bar so old, stale levels fade out instead of piling up forever. The Top-N highest-density bins are surfaced as ranked, cluster-merged S/R zones - with early-warning alerts, reject-vs-break classification across all tracked zones, an optional full heatmap view, on-chart labels, and now a dashboard that shows distance-to-#1-zone, the single nearest zone to price, and when a zone's density really represents several folded-together levels.
WHAT IT DOES
Three pivot scales (short/medium/long) independently detect confirmed swing highs and lows. Every confirmed pivot adds a weighted density score to whichever price bin it touches - longer, more significant scales contribute more, and a pivot's own relative volume scales its contribution further. All accumulated density decays by a fixed factor every bar, so a level that mattered years ago but hasn't been touched since gradually fades. Near-adjacent candidate bins fold into one merged zone rather than showing as near-duplicates. The highest-density bins are ranked and surfaced as the tool's Top-N zones.
HOW TO USE IT
Treat higher-density zones as levels more likely to produce SOME reaction - a bounce, a rejection, a pause - not as levels guaranteed to hold. Use the Approaching-Zone alerts (Zone #1-specific or the all-zone aggregate) as your cue to start watching closely, then read the Reject/Break tag once price actually resolves. Check the new Nearest Zone to Price row for what's immediately relevant right now, separate from which zone ranks #1 by density overall. Raise Zone Cluster Merge Distance if nearby zones keep reading as near-duplicates - and watch for the "merged Nx" tag as a reminder that a zone's density may represent several folded levels, not one. Raise Minimum Touches to Show if you only want to act on zones that have already proven themselves. Turn on HTF Confluence for extra cross-timeframe conviction, and the Density Heatmap to see the whole structure at a glance.
KEY FEATURES
A live dashboard showing each Top-N zone's price, density, freshness, merge status, and touch-threshold status, plus distance-to-#1-zone and the single nearest zone to price. On-chart zone price labels. Volume-weighted, cluster-merged density scoring. Fully adjustable zone line width/style/color (per rank), table border width/color, and heatmap color. Full cross-tool export for all 5 possible zones plus distance-to-#1-zone. 10 individual alerts plus 1 combo bundle.
SETTINGS WORTH TUNING FIRST
Per-Bar Decay Rate is the core dial on how fast old levels fade. Enable Volume-Weighted Density is on by default - turn off if a ticker's volume data is unreliable. Zone Cluster Merge Distance controls how aggressively nearby candidates get folded together (and how often you'll see a "merged Nx" tag). Minimum Touches to Show is 0 by default - raise it to filter out unproven levels. Enable HTF Confluence Check is off by default.
WHAT THIS TOOL DELIBERATELY DOES NOT DO
Density is a proxy for level significance, not a guarantee a zone will hold. HTF Confluence compares against the HTF's own recent swing high/low, not a second full density map - a disclosed simplification. The touch count keeps accumulating in the background regardless of the Minimum-Touch filter setting. Zone lines, labels, and the heatmap only reflect the most recent bar's selection, not a full historical record. The new merge-count and nearest-zone-to-price data are dashboard-only - not yet exposed via the Cross-Tool Signal Export plots.
ALERTS
10 individual alerts (Price Entered Top-N Zone, Price Exited All Top-N Zones, Top Zone Reshuffled, Price Approaching #1 Zone, Zone #1 Rejected/Bounce, Zone #1 Broken Through, Zone #1 Aligned with HTF Level, Any Zone Approaching, Any Zone Rejected, Any Zone Broken Through) plus 1 combo bundle (ALL Fractal S/R Signals).
FEEDBACK WELCOME
If you've tweaked a setting, found a combination with another indicator that works well, or have an idea for what would make this more useful, I'd genuinely like to hear about it - drop a comment below (it helps other users too), or send a direct message if you'd rather keep the details private.
This tool identifies patterns in past price and structure - it is not a guarantee of future performance. This tool is provided for informational and educational purposes and does not constitute financial advice. Trading involves risk; past performance and historical patterns do not guarantee future results.
A decayed, multi-scale support/resistance DENSITY map - not a single pivot-line tool. It detects swing highs/lows at 3 configurable pivot scales, scores every confirmed pivot into a rolling price-bin array (volume-weighted), and decays that score every bar so old, stale levels fade out instead of piling up forever. The Top-N highest-density bins are surfaced as ranked, cluster-merged S/R zones - with early-warning alerts, reject-vs-break classification across all tracked zones, an optional full heatmap view, on-chart labels, and now a dashboard that shows distance-to-#1-zone, the single nearest zone to price, and when a zone's density really represents several folded-together levels.
WHAT IT DOES
Three pivot scales (short/medium/long) independently detect confirmed swing highs and lows. Every confirmed pivot adds a weighted density score to whichever price bin it touches - longer, more significant scales contribute more, and a pivot's own relative volume scales its contribution further. All accumulated density decays by a fixed factor every bar, so a level that mattered years ago but hasn't been touched since gradually fades. Near-adjacent candidate bins fold into one merged zone rather than showing as near-duplicates. The highest-density bins are ranked and surfaced as the tool's Top-N zones.
HOW TO USE IT
Treat higher-density zones as levels more likely to produce SOME reaction - a bounce, a rejection, a pause - not as levels guaranteed to hold. Use the Approaching-Zone alerts (Zone #1-specific or the all-zone aggregate) as your cue to start watching closely, then read the Reject/Break tag once price actually resolves. Check the new Nearest Zone to Price row for what's immediately relevant right now, separate from which zone ranks #1 by density overall. Raise Zone Cluster Merge Distance if nearby zones keep reading as near-duplicates - and watch for the "merged Nx" tag as a reminder that a zone's density may represent several folded levels, not one. Raise Minimum Touches to Show if you only want to act on zones that have already proven themselves. Turn on HTF Confluence for extra cross-timeframe conviction, and the Density Heatmap to see the whole structure at a glance.
KEY FEATURES
A live dashboard showing each Top-N zone's price, density, freshness, merge status, and touch-threshold status, plus distance-to-#1-zone and the single nearest zone to price. On-chart zone price labels. Volume-weighted, cluster-merged density scoring. Fully adjustable zone line width/style/color (per rank), table border width/color, and heatmap color. Full cross-tool export for all 5 possible zones plus distance-to-#1-zone. 10 individual alerts plus 1 combo bundle.
SETTINGS WORTH TUNING FIRST
Per-Bar Decay Rate is the core dial on how fast old levels fade. Enable Volume-Weighted Density is on by default - turn off if a ticker's volume data is unreliable. Zone Cluster Merge Distance controls how aggressively nearby candidates get folded together (and how often you'll see a "merged Nx" tag). Minimum Touches to Show is 0 by default - raise it to filter out unproven levels. Enable HTF Confluence Check is off by default.
WHAT THIS TOOL DELIBERATELY DOES NOT DO
Density is a proxy for level significance, not a guarantee a zone will hold. HTF Confluence compares against the HTF's own recent swing high/low, not a second full density map - a disclosed simplification. The touch count keeps accumulating in the background regardless of the Minimum-Touch filter setting. Zone lines, labels, and the heatmap only reflect the most recent bar's selection, not a full historical record. The new merge-count and nearest-zone-to-price data are dashboard-only - not yet exposed via the Cross-Tool Signal Export plots.
ALERTS
10 individual alerts (Price Entered Top-N Zone, Price Exited All Top-N Zones, Top Zone Reshuffled, Price Approaching #1 Zone, Zone #1 Rejected/Bounce, Zone #1 Broken Through, Zone #1 Aligned with HTF Level, Any Zone Approaching, Any Zone Rejected, Any Zone Broken Through) plus 1 combo bundle (ALL Fractal S/R Signals).
FEEDBACK WELCOME
If you've tweaked a setting, found a combination with another indicator that works well, or have an idea for what would make this more useful, I'd genuinely like to hear about it - drop a comment below (it helps other users too), or send a direct message if you'd rather keep the details private.
This tool identifies patterns in past price and structure - it is not a guarantee of future performance. This tool is provided for informational and educational purposes and does not constitute financial advice. Trading involves risk; past performance and historical patterns do not guarantee future results.
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.