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Support and resistance lines by Jaehee

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Support and resistance lines — by Jaehee

This indicator automatically identifies and visualizes key horizontal support and resistance zones based on pivot clustering.

### Core Features
- Pivot-based level detection: Tracks recent pivot highs and lows
- Zone clustering: Groups nearby pivot points into zones using a user-defined width
- Strength filtering: Retains only the most frequently-reacted zones
- Visual clarity: Displays resistance (red) and support (blue) lines with glow effects
- Dynamic updates: Levels update in real time as new pivots form

### Use Case
This tool is ideal for traders looking to identify areas where price has historically bounced or stalled. It removes noisy levels and focuses only on the zones with statistically significant reactions.

Designed for clarity and performance, it helps traders:
- Spot high-confidence S/R zones without clutter
- Observe how current price interacts with proven historical levels
- Avoid manual zone drawing

### Notes
- No buy/sell signals
- No repainting
- Fully customizable via input settings

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.