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Support/Resistance MTF Merge Zones

650
Indicator Introduction
Support/Resistance MTF Merge Zones is an advanced technical analysis tool that automatically identifies and merges key support/resistance zones by analyzing highs and lows from multiple timeframes (15M, 1H, 4H, Daily).
Key Features

Multi-Timeframe Analysis: Integrates data from 15M, 1H, 4H, and Daily charts
Smart Zone Merging: Automatically consolidates levels within a specified percentage range into unified zones
Dynamic Color System: Distinguishes support/resistance zones based on position relative to current price
Strength Indication: Highlights zones where multiple levels converge as strong zones


Usage Guide
Configuration Parameters

Lookback Period (10): Period for calculating highs/lows

Adjustable range: 5-30
Higher values detect more long-term levels


Zone Merge % (0.5): Percentage threshold for zone merging

Range: 0.1-2.0%
Higher values merge levels across wider price ranges


Min Levels for Zone (2): Minimum number of levels required to form a zone

Range: 2-5 levels
Higher values display only more confirmed zones


Box Opacity (7): Transparency level of zone boxes

Range: 0-100%



Color Scheme

Red: Resistance zones above current price
Blue: Support zones below current price
Orange: Strong zones (3+ merged levels)
Nota Keluaran
e.g
syot kilat

syot kilat


Use the numbers by changing them in different time zones

There is still a disadvantage in that accurate information is not available in altcoins due to lack of data.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.