Axel Alts — Support Cloud

Overview
Axel Alts is a custom indicator designed to visualize dynamic support zones for cryptocurrencies, including both Bitcoin and altcoins.
It creates an adaptive “support cloud” by combining recent market lows, Fibonacci-based sticky logic, and visual smoothing.
Unlike static levels, this tool aims to “hold” important zones during volatile moves while avoiding constant recalculations that can confuse traders.

How it works

Base Calculation
The indicator looks back over recent price bars and detects the Lowest Low.
From this base point, two key offsets are derived:
Upper Support (closer to price).
Lower Support (deeper support level).
These offsets are defined as fractions of the most recent low and smoothed with a moving average.


Sticky Fibonacci Logic

Normal moving averages adjust with every new candle, sometimes creating unstable zones.
To prevent this, a “sticky” mechanism is applied:
Levels can only shift if price moves beyond a trigger threshold.
Even then, the adjustment per bar is limited to a maximum step.
This creates the effect of “holding” the support until price meaningfully breaks.

Smoothing of Transitions
To avoid sharp corners when a level finally updates, a smoothstep interpolation is applied.
This ensures gradual, curved transitions on the chart, visually closer to a real “cloud” than to a step-line.

Background Cloud

The area between Upper Support and Lower Support is shaded.
This highlights a “support zone” where pullbacks may stabilize.
Shading can be toggled in the Style tab (as Background).

How to use it

Support Zone Identification
The shaded area represents a potential demand zone. If price enters the cloud and reacts , it can serve as an early sign of accumulation or bounce.


Trend Context

On higher timeframes (1D, 1W), these zones can highlight where large corrections find support.
On intraday timeframes, they can show where pullbacks may pause before resuming a move.

Risk Management

The cloud is not an entry signal but a map of areas.
Traders may choose to combine it with oscillators, momentum signals, or volume to refine timing.
Stops are often placed below the Lower Support, while scaling in near Upper Support is common in confluence strategies.

Features

Two adaptive levels: Upper Support and Lower Support.
Automatic sticky control (limits false shifts during chop).
Visual smoothing (reduces noise, keeps chart clean).
Locked parameters (all tuning is done inside code; no editable inputs).
Clean, minimal interface in the Style tab.

Limitations

Does not provide buy/sell alerts.
Levels are based only on recent lows; sudden market events can break through without warning.
Works best as a context tool, not a standalone strategy.

Disclaimer

This script is for educational and informational purposes only.
It should not be considered financial advice and does not guarantee profits.
Always conduct your own research and use proper risk management.