OPEN-SOURCE SCRIPT

Multi-Timeframe S&R Zones (Shaded)

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This indicator automatically plots support and resistance zones based on recent price action across multiple timeframes:
🟥 Daily
🟧 4-Hour
🟨 1-Hour
🟩 30-Minute
🟦 5-Minute

Each zone is color-coded by timeframe and represented as a shaded region instead of a hard line, giving you a clearer and more dynamic view of key market levels. The zones are calculated from recent swing highs (resistance) and swing lows (support), and each zone spans ±5 pips for precision.

Only the most recent levels are displayed—up to 3 per timeframe—and are limited to the last 48 hours to avoid chart clutter and keep your workspace clean.

✅ Key Benefits:
Price Action Based: Zones are drawn from actual market structure (swings), not arbitrary levels.

Multi-Timeframe Clarity: View confluence across major intraday and higher timeframes at a glance.

Color-Coded Zones: Instantly distinguish between timeframes using intuitive colour coordination.

Clean Charts: Only shows the latest relevant levels, automatically expires old zones beyond 48 hours.

Flexible & Lightweight: Built for Tradingview Essential; optimized for performance.

Penafian

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