Smart Levels

Smart Levels - Professional Support & Resistance Indicator
🔥 ADVANCED TRUE OPENS & HIGH/LOW DETECTION SYSTEM
Smart Levels is a comprehensive technical analysis tool designed for professional traders who demand precision in identifying key market levels across multiple timeframes. This indicator automatically detects and displays critical support and resistance levels based on institutional trading concepts.

🎯 KEY FEATURES
TRUE OPENS DETECTION

Annual True Open: April 1st market opening (Q2 institutional cycle start)
Monthly Q1 & Q2 True Opens: First and second Monday of each month (customizable hours: 18:00 NY or 00:00 NY)
Weekly True Open: Every Monday at 18:00 NY (institutional week start)
Daily True Open: Midnight NY time (00:00 NY)

HIGH/LOW LEVELS IDENTIFICATION

Daily Highs & Lows: Previous day's extreme levels
Weekly Highs & Lows: Previous week's extreme levels
Monthly Highs & Lows: Previous month's extreme levels
Quarterly Highs & Lows: Previous quarter's extreme levels
Annual Highs & Lows: Previous year's extreme levels

ADVANCED CUSTOMIZATION

Master Controls: Enable/disable entire groups with one click
⚙️ Auto Scale Adjustment: Keep chart focused on price action (lines don't compress the view)
Individual Control: Each level can be configured independently
Line Styles: Solid, dashed, or dotted lines
Extension Types: Fixed displacement or last candle alignment
Color Coding: Fully customizable colors for each timeframe

PROFESSIONAL DISPLAY

Information Table: Live quarterly cycle status with color coding
Smart Labels: Price levels clearly marked with descriptive text
Multiple Positioning: Table can be positioned anywhere on chart
Clean Interface: Professional appearance with customizable text sizes


📊 INSTITUTIONAL CONCEPTS
This indicator is built on institutional trading principles:

Q1 (Accumulation): Smart money accumulation phase
Q2 (Manipulation): Price manipulation and liquidity hunting
Q3 (Distribution): Smart money distribution phase
Q4 (Continuation/Reversal): Trend continuation or major reversal


⚡ MASTER CONTROLS
🔥 DISPLAY ALL TRUE OPENS
Toggle all True Open levels on/off with a single click
📊 DISPLAY ALL HIGHS & LOWS
Toggle all High/Low levels on/off with a single click
⚙️ AUTO SCALE ADJUSTMENT (NEW FEATURE)

ON: Lines extend but don't affect chart scaling (maintains focus on price action)
OFF: Traditional behavior (lines may compress chart view)
Default: ENABLED for optimal trading experience


🛠 CONFIGURATION OPTIONS
True Open Settings (Per Timeframe)

Enable/Disable individual True Opens
Hour selection for monthly levels (18:00 NY or 00:00 NY)
Extension type: Fixed displacement or last candle alignment
Line appearance: Color, style, and width
Maximum number of lines displayed

High/Low Settings (Per Timeframe)

Enable/Disable individual High/Low pairs
Extension configuration
Separate colors for highs and lows
Line styling options

Information Table

Show/Hide information panel
Detailed view toggle
Position selection (6 options)
Text and background color customization
Text size adjustment


🎨 VISUAL FEATURES

Color-Coded Quarters: Each quarterly phase has distinct colors
Smart Positioning: Lines extend 20 candles beyond current price for clarity
Professional Labels: Clean price level identification
Memory Efficient: Automatic cleanup of old levels
Multi-Timeframe: Works on all timeframes from 1-minute to monthly


💡 TRADING APPLICATIONS
Support & Resistance

Previous High/Low levels act as natural S&R zones
True Opens often become significant pivot points

Institutional Analysis

Track quarterly cycles for macro trend analysis
Identify accumulation and distribution phases

Entry & Exit Points

Use level breaks for entry signals
Set targets at next timeframe levels

Risk Management

Place stops beyond key institutional levels
Size positions based on level confluence


🔧 TECHNICAL SPECIFICATIONS

Pine Script Version: v6
Overlay: Yes (displays directly on price chart)
Max Objects: 500 lines, 500 labels, 500 boxes
Timezone: America/New_York (institutional standard)
Performance: Optimized for all chart timeframes
Compatibility: Works with all TradingView accounts


📈 RECOMMENDED USAGE

Enable Master Controls for full functionality
Keep Auto Scale ON for optimal chart viewing
Customize colors to match your trading style
Use Information Table to track current quarterly phase
Combine with price action for high-probability setups


Smart Levels transforms complex institutional concepts into clear, actionable visual information. Whether you're scalping intraday moves or analyzing long-term trends, this indicator provides the precision levels professional traders depend on.
📊 Trade with institutional precision. Trade with Smart Levels.Tentar novamenteO Claude pode cometer erros. Confira sempre as respostas.Pesquisa Sonnet 4