OPEN-SOURCE SCRIPT
Enhanced Market Structure & Trading Signals
Enhanced Market Structure & Trading Signals
A Smart Support/Resistance Indicator with Buy/Sell Alerts
This indicator identifies key support & resistance levels and generates high-probability buy/sell signals based on price action and candle structure. It helps traders spot potential reversals at critical levels, just like manual analysis but with algorithmic precision.
🔹 Key Features
✅ Clean Support/Resistance Lines – Draws horizontal levels like manual charting
✅ Smart Buy/Sell Signals – Detects reversals at key levels with confirmation
✅ Price Action Filter – Only triggers signals on strong bullish/bearish candles
✅ ATR-Based Proximity Check – Ensures signals occur near valid S/R zones
✅ Customizable Settings – Adjust sensitivity, confirmation bars, and visibility
🔹 How It Works
Support/Resistance Detection – Uses pivot highs/lows to mark key levels
Bullish Signals (Green ▲) – Triggers near support after a strong bullish candle + confirmation
Bearish Signals (Red ▼) – Triggers near resistance after a strong bearish candle + confirmation
🔹 Recommended Settings
Timeframe: 1H or higher (works best on swing trading)
Confirmation Bars: 2-3 (for stricter signals)
Left/Right Bars: 10-20 (adjust based on market volatility)
🔹 How to Trade with This Indicator
Go Long when a green ▲ appears near support
Go Short when a red ▼ appears near resistance
Combine with: Trend analysis, volume confirmation, or RSI for higher accuracy
📌 Note: Works best in trending or ranging markets. Avoid using in choppy/low-liquidity conditions.
A Smart Support/Resistance Indicator with Buy/Sell Alerts
This indicator identifies key support & resistance levels and generates high-probability buy/sell signals based on price action and candle structure. It helps traders spot potential reversals at critical levels, just like manual analysis but with algorithmic precision.
🔹 Key Features
✅ Clean Support/Resistance Lines – Draws horizontal levels like manual charting
✅ Smart Buy/Sell Signals – Detects reversals at key levels with confirmation
✅ Price Action Filter – Only triggers signals on strong bullish/bearish candles
✅ ATR-Based Proximity Check – Ensures signals occur near valid S/R zones
✅ Customizable Settings – Adjust sensitivity, confirmation bars, and visibility
🔹 How It Works
Support/Resistance Detection – Uses pivot highs/lows to mark key levels
Bullish Signals (Green ▲) – Triggers near support after a strong bullish candle + confirmation
Bearish Signals (Red ▼) – Triggers near resistance after a strong bearish candle + confirmation
🔹 Recommended Settings
Timeframe: 1H or higher (works best on swing trading)
Confirmation Bars: 2-3 (for stricter signals)
Left/Right Bars: 10-20 (adjust based on market volatility)
🔹 How to Trade with This Indicator
Go Long when a green ▲ appears near support
Go Short when a red ▼ appears near resistance
Combine with: Trend analysis, volume confirmation, or RSI for higher accuracy
📌 Note: Works best in trending or ranging markets. Avoid using in choppy/low-liquidity conditions.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.