Provides a holistic view of key support and resistance levels across multiple timeframes. This versatile indicator allows traders to customize and configure timeframes, empowering them to make more informed decisions based on dynamic market conditions.
Configurable Timeframes: Tailor your analysis to specific market scenarios by configuring the timeframes that matter most to your trading strategy. Whether focusing on short-term intraday movements or longer-term trends, this indicator adapts to your preferred time intervals.
Dynamic Support and Resistance Lines: The indicator dynamically calculates and displays support and resistance lines based on the selected timeframes. This ensures that the analysis is responsive to changing market dynamics, providing a more accurate representation of potential reversal zones.
Color-Coded Lines: Easily identify and differentiate between support and resistance lines with color-coded markings. This visual representation simplifies the interpretation of key price levels, enabling traders to make quicker and more confident trading decisions.
Aggregated Overview: Gain a comprehensive understanding of support and resistance levels by viewing an aggregated overview of lines from different timeframes. This feature helps traders identify confluence zones, where multiple timeframes converge to strengthen a particular support or resistance level.
User-Friendly Interface: The indicator boasts a user-friendly interface, making it accessible for traders of all experience levels. Effortlessly navigate through timeframes and settings, and quickly interpret the analysis for more effective decision-making.
The Multi-Timeframe Support and Resistance Lines indicator is a valuable asset for traders seeking a comprehensive and customizable tool to enhance their technical analysis. Whether employed for day trading, swing trading, or trend analysis, this indicator offers the flexibility and precision needed to navigate the complexities of the financial markets successfully.
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Added bias candles relative depiction
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We are excited to announce the latest update to our trading indicator, introducing significant enhancements to empower your technical analysis. In Version X.X.X, we have focused on providing a more comprehensive understanding of market sentiment by incorporating a snapshot feature for the latest daily and 4-hour candles.
Key Features:
Daily Candle Snapshot:
The update introduces a configurable snapshot of the latest daily candle. Traders now have immediate access to crucial information, allowing for quick assessment of daily price movements. 4-Hour Candle Analysis:
In response to user feedback, we have expanded the functionality to include snapshots of the two most recent 4-hour candles, both fully configurable. This addition provides a more nuanced view of short-term trends, aiding in precise decision-making. Session Bias Determination:
The new release facilitates a more informed understanding of the market by helping users identify the session bias. With the latest daily and 4-hour candle snapshots, traders can easily gauge whether the market sentiment is bullish, bearish, or mixed. Configurability:
Recognizing the diverse needs of our user base, we have emphasized configurability. Traders can tailor the indicator to their specific preferences, choosing the timeframe for the daily candle snapshot and the number of 4-hour candles to analyze. Enhanced Visual Representation:
We have refined the visual representation of the indicator to ensure a user-friendly experience. Clear and intuitive displays aid in quick interpretation of the market bias, promoting efficient decision-making. Compatibility:
The updated indicator is seamlessly integrated into the TradingView platform, ensuring compatibility with your existing charts and analysis tools. Whether you are a seasoned trader or a novice, incorporating this update into your workflow is seamless. How to Use:
Simply apply the updated indicator to your TradingView chart. Configure the settings according to your preferences. Utilize the daily and 4-hour candle snapshots to determine the session bias. Conclusion: With this update, we aim to provide traders with a powerful tool for refining their market analysis. The ability to quickly assess the latest daily and 4-hour candles empowers you to make well-informed decisions. As always, we value your feedback and are committed to enhancing your trading experience. Happy trading!
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Added colored bias areas
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- Improved levels detection - Improved bias area drawings
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Added level/lines decongestion option
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Performance improvements
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Improved levels visibility (long running lines)
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Bias improvements
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Improved decongestion
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Improve decongestion, performance and level detection
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Added a points multiplier feature for easier scalability of point values when the indicator is applied to different instruments
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Beginning of theme support
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Added themes
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Fixed a bug regarding level detections on the chart's timeframe
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Performance improvements on higher timeframes, when fewer levels selected, and when bias & ranges deactivated
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Markup LTAs
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Fixed array error
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Improved LTA display
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Cosmetic Updates LTA improvements
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Improve sessions display
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Automatic bias proposals
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Added option to hide lines, labels
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Improved level decongestion
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LTA filtering
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Focus Alerts: By providing customizable Focus Alerts at specified intervals, this addition aids traders in efficient time management.
The feature allows traders to focus on the charts only during the specified elapsed intervals, minimizing the need for constant monitoring
Alert Text: You can set a customizable message for each focus alert.
Focus Start: Specifies the starting date and time for the focus alerts.
Alert Interval: Allows you to choose the time interval for repeated focus alerts.
Respect Sessions: An option to respect session times for focus alerts.
The indicator utilizes the alert function to trigger alerts based on the specified conditions. Alerts are triggered at the specified intervals starting from the provided focus start date and time. The indicator respects session times, and the alert will trigger at most once per bar.
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UI improvements
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Fixed focus alerts during session times
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Performance improvements
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Allow multiple focus alerts per bar
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Added possibility of alert when price closes below/above
UI improvements: remove unnecessary info from the status line
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Extra marking fresh/tapped levels
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Added option to show level prices
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Option to hide candles outside session hours
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Fixed LTA display
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Adding an option for LTA alerts
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Added option to alert on bias change
UI improvements
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Ability to name the instance of the indicator (useful when applied multiple times with different settings on the same chart)
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Improving performance when decongestion is off
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LTA detection fixes
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Added levels heatmap
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Added level score (strongness) - An indication of how strong a certain support/resistance is, based on what other levels are nearby in the same price zone
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Added support for psychological levels: key round price numbers (customizable) where price may bounce from
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Added "All distinct levels" as a decongestion option
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Templates support
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Customizable Heatmap colors
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Added more Heatmap sizes customization
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Added option to group levels that are common on multiple timeframes
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Grouping levels bugfixes
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Added option to choose up to how many levels to concatenate while grouping common levels on multiple timeframes
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Now displaying the custom alert levels on the chart, together with their custom notes
@gigi_duru, only previous lta are showing. dont know which setting to use for current lta
gigi_duru
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@Indyan, make sure that the LTA you expect to appear is between 2 levels that were never crossed before and that its size is between the configured 150-500 pts
Indyan
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@gigi_duru, oh ok... will update after checking thanks
Indyan
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Thanks for updating and fixing issues time by time. dark theme is great on dark background, but light theme has still issue in label of pastlabels . outline blue but text color of past is different due to which past levels are not readable. past label color (outline) and text color should be different from current text and lables , this will make it look cool. Also a breif on LTA would be highly appreciated
Indyan
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in below screenshot u can see timeframe is not visible in light background
Thanks
Indyan
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Thanks for continiusly updating the script with improvements. I am getting error Study Error Error on bar 573: In 'array.get() function. Index 77 is out of bounds, array size is 72.
Also one request, as u made the theme based now and its wonderful for light or dark theme users. But in light theme text color remain white due to which timeframe is not visible, in light background. orange theme is good but it would be better if u make dark text in light theme.
Indyan
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Option to hide/show timeframe would be a better option. means only selected tf levels will be displayed
gigi_duru
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@Indyan, set L = 0, R = 0 on the timeframe and they'll be deactivated
Lta is 150 to 500
Please check or guide how to enable LTA
Thanks