OPEN-SOURCE SCRIPT
Auto Trend Support & Resistance Levels
Trend Following Support & Resistance [MTF]
Trend Following Support & Resistance [MTF] is an advanced multi-timeframe support and resistance indicator designed for traders who want clean, dynamic, and easy-to-follow market structure levels directly on the chart.
Unlike traditional static support and resistance tools, this indicator automatically updates levels based on recent price action and highlights important breakout areas in real time.
The indicator is optimized for:
• Trend following traders
• Breakout traders
• Scalpers
• Swing traders
• Multi-timeframe analysis
⸻
Features
✅ Automatic Support & Resistance Detection
Automatically tracks important support and resistance levels using recent market structure.
✅ Multi-Timeframe Support (MTF)
Display higher timeframe support and resistance levels directly on lower timeframe charts.
Example:
• View 1H S/R on a 5M chart
• View 4H S/R on a 15M chart
• Use current timeframe or custom timeframe
✅ Dynamic Breakout Highlighting
When price breaks a support or resistance level, the line automatically changes appearance to clearly show breakout zones.
✅ Fully Customizable
• Support & resistance colors
• Breakout colors
• Individual line widths
• Transparency
• Solid or dotted line styles
✅ Clean Trend Following Visualization
Designed to provide a simple and uncluttered trading experience.
⸻
How To Use
Trend Trading
Use support and resistance levels to trade in the direction of the trend.
• Buy near support during uptrends
• Sell near resistance during downtrends
Breakout Trading
Highlighted breakout levels can help identify:
• Potential trend continuation
• Strong momentum entries
• Key market structure breaks
Multi-Timeframe Analysis
Use higher timeframe levels on lower timeframe charts for stronger confluence.
Example:
• 1H levels on 5M chart
• Daily levels on 1H chart
⸻
Recommended Settings
Scalping:
• Lookback: 10–20
• Higher timeframe: 15M or 1H
Intraday:
• Lookback: 20–50
• Higher timeframe: 1H or 4H
Swing Trading:
• Lookback: 50–100
• Higher timeframe: 4H or Daily
⸻
Important Notes
This indicator is designed to assist with market structure analysis and should be used together with:
• Price action
• Volume
• Risk management
• Trend confirmation tools
No indicator guarantees winning trades.
⸻
If you enjoy this indicator, consider adding it to your favorites and follow for future updates.
Trend Following Support & Resistance [MTF] is an advanced multi-timeframe support and resistance indicator designed for traders who want clean, dynamic, and easy-to-follow market structure levels directly on the chart.
Unlike traditional static support and resistance tools, this indicator automatically updates levels based on recent price action and highlights important breakout areas in real time.
The indicator is optimized for:
• Trend following traders
• Breakout traders
• Scalpers
• Swing traders
• Multi-timeframe analysis
⸻
Features
✅ Automatic Support & Resistance Detection
Automatically tracks important support and resistance levels using recent market structure.
✅ Multi-Timeframe Support (MTF)
Display higher timeframe support and resistance levels directly on lower timeframe charts.
Example:
• View 1H S/R on a 5M chart
• View 4H S/R on a 15M chart
• Use current timeframe or custom timeframe
✅ Dynamic Breakout Highlighting
When price breaks a support or resistance level, the line automatically changes appearance to clearly show breakout zones.
✅ Fully Customizable
• Support & resistance colors
• Breakout colors
• Individual line widths
• Transparency
• Solid or dotted line styles
✅ Clean Trend Following Visualization
Designed to provide a simple and uncluttered trading experience.
⸻
How To Use
Trend Trading
Use support and resistance levels to trade in the direction of the trend.
• Buy near support during uptrends
• Sell near resistance during downtrends
Breakout Trading
Highlighted breakout levels can help identify:
• Potential trend continuation
• Strong momentum entries
• Key market structure breaks
Multi-Timeframe Analysis
Use higher timeframe levels on lower timeframe charts for stronger confluence.
Example:
• 1H levels on 5M chart
• Daily levels on 1H chart
⸻
Recommended Settings
Scalping:
• Lookback: 10–20
• Higher timeframe: 15M or 1H
Intraday:
• Lookback: 20–50
• Higher timeframe: 1H or 4H
Swing Trading:
• Lookback: 50–100
• Higher timeframe: 4H or Daily
⸻
Important Notes
This indicator is designed to assist with market structure analysis and should be used together with:
• Price action
• Volume
• Risk management
• Trend confirmation tools
No indicator guarantees winning trades.
⸻
If you enjoy this indicator, consider adding it to your favorites and follow for future updates.
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.