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Session Based Support & Resistance (Custom HTF Anchor)

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HTF SESSION SUPPORT & RESISTANCE

HTF Session Support & Resistance is designed to estimate potential support and resistance levels using a custom Higher Timeframe (HTF) calculation.

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🟡 Main Levels
The indicator plots three main types of levels:
  1. Support & Resistance – Calculated from the previous HTF candle.
  2. Pivot – The central reference level (yellow line).
  3. Expansion Levels – Additional outer levels based on a customizable multiplier (default: 0.9).

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🟡 How to Use
This indicator is intended to help identify potential areas where price may react:
  1. Potential support and resistance zones.
  2. Pullbacks or reversals around the Pivot level.
  3. Profit targets and risk management.
  4. Stronger reactions near the Expansion Levels.

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⚙️you can custom your own HTF session anchor time, making it easier to align the levels with your preferred market session.

⚠️ Like any technical indicator, these levels should be used together with price action and your own trading strategy, not as standalone buy or sell signals.

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I hope this indicator helps simplify your chart analysis and becomes a useful part of your trading workflow.

Best regards,

Algedo

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