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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.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
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.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
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.