OPEN-SOURCE SCRIPT
[KTY] Auto Support & Resistance
[KTY] Auto Support & Resistance
Automatically detects and displays key support and resistance levels
based on pivot highs and lows.
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🔑 Key Features
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✅ Auto S/R Detection
Scans recent price action using pivot analysis
and plots up to 5 resistance and 5 support levels automatically.
Resistance (Red): Price zones where selling pressure tends to increase
Support (Green): Price zones where buying pressure tends to increase
Levels are calculated from wick-based pivot highs and lows,
capturing the most structurally significant price reactions.
Price values are displayed to the right of each level
for quick reference.
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📖 How to Use
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1️⃣ Bounce near support → higher chance of upward move
2️⃣ Rejection near resistance → higher chance of downward move
3️⃣ Break and retest → check for S/R flip (role reversal)
🔄 S/R Flip
- Broken support may act as new resistance
- Broken resistance may act as new support
- Watch for price reaction at previous levels after breakout
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🔧 Settings
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Show Support & Resistance: Toggle visibility on/off
Resistance Color: Customize resistance line color (default: red)
Support Color: Customize support line color (default: teal)
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🔔 Alerts
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Resistance Touch: Triggers when price reaches the nearest resistance level
Support Touch: Triggers when price reaches the nearest support level
Touch detection uses a 0.1% tolerance zone
to account for near-misses and wicks.
Setup: ALT + A → Select 【Auto Support & Resistance】→ Create alert
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⚠️ Disclaimer
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This indicator is an analysis tool, not a trade signal service.
Based on historical pivot data — does not guarantee future price reactions.
Strong trends may break through S/R levels easily.
All trading decisions and associated risks are solely your responsibility.
Automatically detects and displays key support and resistance levels
based on pivot highs and lows.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔑 Key Features
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
✅ Auto S/R Detection
Scans recent price action using pivot analysis
and plots up to 5 resistance and 5 support levels automatically.
Resistance (Red): Price zones where selling pressure tends to increase
Support (Green): Price zones where buying pressure tends to increase
Levels are calculated from wick-based pivot highs and lows,
capturing the most structurally significant price reactions.
Price values are displayed to the right of each level
for quick reference.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📖 How to Use
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1️⃣ Bounce near support → higher chance of upward move
2️⃣ Rejection near resistance → higher chance of downward move
3️⃣ Break and retest → check for S/R flip (role reversal)
🔄 S/R Flip
- Broken support may act as new resistance
- Broken resistance may act as new support
- Watch for price reaction at previous levels after breakout
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔧 Settings
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Show Support & Resistance: Toggle visibility on/off
Resistance Color: Customize resistance line color (default: red)
Support Color: Customize support line color (default: teal)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔔 Alerts
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Resistance Touch: Triggers when price reaches the nearest resistance level
Support Touch: Triggers when price reaches the nearest support level
Touch detection uses a 0.1% tolerance zone
to account for near-misses and wicks.
Setup: ALT + A → Select 【Auto Support & Resistance】→ Create alert
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚠️ Disclaimer
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
This indicator is an analysis tool, not a trade signal service.
Based on historical pivot data — does not guarantee future price reactions.
Strong trends may break through S/R levels easily.
All trading decisions and associated risks are solely your responsibility.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
KTY | Kim Thank You 🙏
Professional trading indicators built from years of experience.
📱 Telegram
t.me/kimthankyou
🌐 Website
kimthankyou.com
Professional trading indicators built from years of experience.
📱 Telegram
t.me/kimthankyou
🌐 Website
kimthankyou.com
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
KTY | Kim Thank You 🙏
Professional trading indicators built from years of experience.
📱 Telegram
t.me/kimthankyou
🌐 Website
kimthankyou.com
Professional trading indicators built from years of experience.
📱 Telegram
t.me/kimthankyou
🌐 Website
kimthankyou.com
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.