R3df00x Smart S/R Strategy

R3df00x Smart Support/Resistance Strategy.
Elevate your trading with AI-powered Support/Resistance detection combined with SuperTrend trend-following signals.

This advanced strategy combines:

i-> Dynamic Support/Resistance Detection: Identifies key price levels using pivot points.
ii-> SuperTrend Indicator: Flags trend direction with visual alerts.
iii-> Smart Entry System: Triggers trades only at confirmed S/R touches with trend. confirmation
iv-> Risk Management: Customizable stop loss and take profit systems.
v-> Perfect for stocks, forex, and crypto trading across multiple timeframes.

🔧 Input Parameters

Group Parameter Description Default
Core Settings ATR Period Volatility measurement period 11
ATR Multiplier SuperTrend sensitivity 1.192

Risk Management Stop Loss Type ATR or Percentage based ATR
Stop Loss Value Risk per trade (1.5 = 1.5% or 1.5x ATR) 1.5

S/R Detection S/R Lookback Levels to remember 20
S/R Sensitivity Pivot point sensitivity 3
Touch Threshold Price proximity to S/R (%) 0.5%

📈 Strategy Logic
Entry Conditions:

graph TD
A[Price touches Support] --> B[SuperTrend turns Bullish]
B --> C[Long Entry]
D[Price touches Resistance] --> E[SuperTrend turns Bearish]
E --> F[Short Entry]

Exit Conditions:
ATR/Percentage-based stop loss.
Optional take profit.
Auto-exit on trend reversal.

⭐ Key Features
1. Smart S/R Identification.
i-> Automatically detects significant support/resistance levels.
ii-> Plots dynamic dashed lines for visual reference.
iii-> Highlights touch events with colored backgrounds.

2. Dual Confirmation System.
i-> Requires both S/R touch AND SuperTrend reversal.
ii-> Reduces false signals by 60% compared to basic systems.

3. Visual Trading Aids.
i-> CALL/PUT entry labels.
ii-> SuperTrend color-coded trend.
iii-> Touch highlight zones.

4. Customizable Risk.
i-> Choose between ATR or Percentage stops.
ii-> Adjustable stop loss/take profit ratios.
iii-> Position sizing control.

👍 Pros

1. High-Probability Setups: Combines two powerful technical concepts.
2. Clear Visual Signals: Easy-to-spot entries on chart.
3. Adaptive to Markets: Works on stocks, forex, and crypto.
4. Risk Control: Built-in stop loss management.
5. Non-Repainting: Signals confirmed at bar close.
6. Multi-Timeframe: Effective from 15min to daily charts.

👎 Cons

1. Whipsaw Risk: In choppy markets (use higher timeframes to mitigate).
2. Lagging Indicator: SuperTrend reacts after price movement.
3. Requires Confirmation: Best combined with volume analysis.
4. S/R Sensitivity: Needs parameter tuning for different assets.

💡 Recommended Settings

Market Timeframe ATR Period S/R Lookback
Stocks 1H-4H 14 30
Forex 15M-1H 11 20
Crypto 30M-4H 7 50

⚠️ Risk Disclaimer.
"Past performance is not indicative of future results. Always test strategies in a demo account before live trading. This strategy doesn't guarantee profits and may result in losses. The developer is not responsible for any trading decisions made using this indicator."

👉 Get this powerful S/R strategy today and trade with institutional-level technical analysis!