Session Based Support & Resistance (Custom HTF Anchor)HTF SESSION SUPPORT & RESISTANCE
HTF Session Support & Resistance is designed to estimate potential support and resistance levels using a custom Higher Timeframe (HTF) calculation.
━━━━━━━━━━━━━━━━━━━━
🟡 Main Levels
The indicator plots three main types of levels:
Support & Resistance – Calculated from the previous HTF candle.
Pivot – The central reference level (yellow line).
Expansion Levels – Additional outer levels based on a customizable multiplier (default: 0.9 ).
━━━━━━━━━━━━━━━━━━━━
🟡 How to Use
This indicator is intended to help identify potential areas where price may react:
Potential support and resistance zones.
Pullbacks or reversals around the Pivot level.
Profit targets and risk management.
Stronger reactions near the Expansion Levels.
━━━━━━━━━━━━━━━━━━━━
⚙️ 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.
━━━━━━━━━━━━━━━━━━━━
I hope this indicator helps simplify your chart analysis and becomes a useful part of your trading workflow.
Best regards,
Algedo
Chỉ báo






















