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Dynamic Relevant Support/Resistance (JJC) – TradingView Indicator
Version: Pine Script v6
Author: JJC
Overview
The Dynamic Relevant Support/Resistance (JJC) indicator identifies key support and resistance levels based on recent swing highs and lows and dynamically updates them on the chart. It also provides live % distance labels, VWAP visualization, and breakout/reversal signals, making it a comprehensive tool for intraday and swing traders.
Features
Dynamic Support & Resistance Levels
Detects swing highs and lows using a configurable “Swing Strength” (pivot length).
Maintains a maximum number of significant levels (user-defined).
Merges nearby levels to avoid clutter.
Customizable S/R Lines
Line color: red for resistance, green for support.
Line style: Solid, Dashed, or Dotted.
Line width adjustable.
Option to extend lines to the left and right.
Dynamic Price Labels
Labels display price + real-time % distance from current price.
Background color matches the corresponding line (red for resistance, green for support).
Text color is always white for maximum readability.
User-selectable label size: Tiny, Small, Normal, Large, Huge.
VWAP
Optionally plot VWAP for trend confirmation.
Volume Filter
Highlights high-volume periods via internal calculations.
Breakout & Reversal Signals
Breakout signals trigger when price approaches resistance with high volume and bullish momentum.
Reversal signals trigger when price approaches resistance with a long upper wick, high volume, and bearish momentum.
Signals are clearly plotted on the chart.
User Controls
Lookback period for swings.
Swing strength (pivot bars).
Maximum S/R levels.
Merge distance for nearby levels.
Distance % for proximity checks.
Label offset from the right edge.
Label size customization.
Show/hide VWAP, labels, and signals.
Why Use This Indicator
Quickly identify key support and resistance zones with precision.
Dynamic % labels help measure risk/reward and monitor proximity to levels.
Works with VWAP, volume, and price action signals to enhance trading decisions.
Highly customizable, making it suitable for day trading, swing trading, and multi-timeframe analysis.
Example Chart Display
Resistance: red lines with red background labels showing price + % above current price.
Support: green lines with green background labels showing price + % below current price.
VWAP line: blue.
Breakout labels: green “BREAKOUT” near lows.
Reversal labels: red “REVERSAL” near highs.
Inputs
Setting Default Description
Lookback Bars 500 Number of bars to look back for swing detection
Swing Strength 3 Number of bars for pivot high/low detection
Max S/R Levels 5 Maximum number of support/resistance levels to display
Price Distance to S/R (%) 0.5 Proximity for signals
Merge Nearby Levels (%) 0.3 Minimum % distance to merge levels
Volume MA Length 20 Period for moving average of volume
Reversal Wick Ratio 2.0 Wick-to-body ratio for reversal signals
Show VWAP true Toggle VWAP plot
Show Signals true Toggle breakout/reversal signals
Extend S/R Lines Left true Extend lines to left side of chart
Show S/R Price Labels true Toggle S/R labels
Label Offset 20 Bars from right for label placement
S/R Line Width 2 Line width for S/R levels
S/R Line Style Dashed Choose Solid, Dashed, Dotted
Label Text Size Tiny Choose Tiny, Small, Normal, Large, Huge
Use Case
Ideal for traders looking for dynamic support/resistance monitoring with real-time risk assessment, visual clarity, and integrated breakout/reversal signals.
Version: Pine Script v6
Author: JJC
Overview
The Dynamic Relevant Support/Resistance (JJC) indicator identifies key support and resistance levels based on recent swing highs and lows and dynamically updates them on the chart. It also provides live % distance labels, VWAP visualization, and breakout/reversal signals, making it a comprehensive tool for intraday and swing traders.
Features
Dynamic Support & Resistance Levels
Detects swing highs and lows using a configurable “Swing Strength” (pivot length).
Maintains a maximum number of significant levels (user-defined).
Merges nearby levels to avoid clutter.
Customizable S/R Lines
Line color: red for resistance, green for support.
Line style: Solid, Dashed, or Dotted.
Line width adjustable.
Option to extend lines to the left and right.
Dynamic Price Labels
Labels display price + real-time % distance from current price.
Background color matches the corresponding line (red for resistance, green for support).
Text color is always white for maximum readability.
User-selectable label size: Tiny, Small, Normal, Large, Huge.
VWAP
Optionally plot VWAP for trend confirmation.
Volume Filter
Highlights high-volume periods via internal calculations.
Breakout & Reversal Signals
Breakout signals trigger when price approaches resistance with high volume and bullish momentum.
Reversal signals trigger when price approaches resistance with a long upper wick, high volume, and bearish momentum.
Signals are clearly plotted on the chart.
User Controls
Lookback period for swings.
Swing strength (pivot bars).
Maximum S/R levels.
Merge distance for nearby levels.
Distance % for proximity checks.
Label offset from the right edge.
Label size customization.
Show/hide VWAP, labels, and signals.
Why Use This Indicator
Quickly identify key support and resistance zones with precision.
Dynamic % labels help measure risk/reward and monitor proximity to levels.
Works with VWAP, volume, and price action signals to enhance trading decisions.
Highly customizable, making it suitable for day trading, swing trading, and multi-timeframe analysis.
Example Chart Display
Resistance: red lines with red background labels showing price + % above current price.
Support: green lines with green background labels showing price + % below current price.
VWAP line: blue.
Breakout labels: green “BREAKOUT” near lows.
Reversal labels: red “REVERSAL” near highs.
Inputs
Setting Default Description
Lookback Bars 500 Number of bars to look back for swing detection
Swing Strength 3 Number of bars for pivot high/low detection
Max S/R Levels 5 Maximum number of support/resistance levels to display
Price Distance to S/R (%) 0.5 Proximity for signals
Merge Nearby Levels (%) 0.3 Minimum % distance to merge levels
Volume MA Length 20 Period for moving average of volume
Reversal Wick Ratio 2.0 Wick-to-body ratio for reversal signals
Show VWAP true Toggle VWAP plot
Show Signals true Toggle breakout/reversal signals
Extend S/R Lines Left true Extend lines to left side of chart
Show S/R Price Labels true Toggle S/R labels
Label Offset 20 Bars from right for label placement
S/R Line Width 2 Line width for S/R levels
S/R Line Style Dashed Choose Solid, Dashed, Dotted
Label Text Size Tiny Choose Tiny, Small, Normal, Large, Huge
Use Case
Ideal for traders looking for dynamic support/resistance monitoring with real-time risk assessment, visual clarity, and integrated breakout/reversal signals.
Nota Keluaran
Fixed Lookback Bars to look back more than 500Nota Keluaran
Removed signal logic - need to figure out a better way to show only relevant signalsSkrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.