OPEN-SOURCE SCRIPT
Support and Resistance Non-Repainting [AlgoAlpha]

Elevate your technical analysis with the Non-Repainting Support and Resistance indicator from AlgoAlpha. Designed for traders who value precision, this tool highlights key support and resistance zones without repainting, ensuring reliable signals for better market decisions.
Key Features
How to Use
Add the Indicator: Add it to your favorites chart by clicking the star icon. Adjust the lookback period, max zone duration, and colors to match your strategy.

Analyze the Chart: Look for zones where prices frequently react, indicating strong support or resistance.



Set Alerts: Enable notifications for new zone formations and zone invalidations, ensuring you never miss critical market moves.

How It Works
The indicator detects pivot highs and lows using a specified lookback period. When a pivot is confirmed, it draws corresponding support or resistance zones using TradingViewโs built-in drawing tools. These zones extend until price breaks through them or they expire based on a maximum allowed duration. The indicator continuously checks if price interacts with any active zones and adjusts accordingly, ensuring accurate and real-time visualization.
Key Features
- ๐ Concise Zones: Identifies critical levels in real-time without repainting.
- ๐ Customizable Appearance: Choose your preferred colors for bullish and bearish zones.
- ๐ Pivot Sensitivity Settings: Adjust the lookback period to fit different market conditions.
- ๐ Visual Alerts: Highlights zones on your chart with clear, dynamic boxes and lines.
How to Use
Add the Indicator: Add it to your favorites chart by clicking the star icon. Adjust the lookback period, max zone duration, and colors to match your strategy.
Analyze the Chart: Look for zones where prices frequently react, indicating strong support or resistance.
Set Alerts: Enable notifications for new zone formations and zone invalidations, ensuring you never miss critical market moves.
How It Works
The indicator detects pivot highs and lows using a specified lookback period. When a pivot is confirmed, it draws corresponding support or resistance zones using TradingViewโs built-in drawing tools. These zones extend until price breaks through them or they expire based on a maximum allowed duration. The indicator continuously checks if price interacts with any active zones and adjusts accordingly, ensuring accurate and real-time visualization.
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.
๐ฑGet 50% off ALL PLANS!๐ฑ(Ends soon!)
Code: HFD25
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!
Code: HFD25
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!
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.
๐ฑGet 50% off ALL PLANS!๐ฑ(Ends soon!)
Code: HFD25
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!
Code: HFD25
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!
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.