Sloped Support & Resistance (No REPAINT)🛡️ NO REPAINTING
One of the core strengths of this script is its non-repainting nature.
The slope of support and resistance is calculated at the moment a pivot high or pivot low is confirmed and is NEVER recalculated.
▶Sloped Support & Resistance with Dynamic Projection
This indicator identifies key pivot points and projects Sloped Support and Resistance lines based on the average historical price movement. Unlike static horizontal levels, this script accounts for the current trend's trajectory to provide more dynamic price targets and zones.
▶Key Features
Smart Slope Calculation: Instead of simple horizontal lines, it calculates the average slope between recent pivot highs/lows.
Auto-Fading History: Older levels automatically dim and labels are cleaned up to keep your chart organized and focused on the most relevant data.
Fully Customizable: Adjust the calculation window, pivot sensitivity (Left/Right bars), and visual styles to match your trading timeframe.
▶How it Works
Pivot Detection: The script identifies Pivot Highs (Resistance) and Pivot Lows (Support) based on your chosen lookback periods.
Average Slope: It measures the price difference between consecutive pivots and calculates an average slope over a specified "Calculation Window."
Projection: Lines are projected into the future (500 bars by default) using the calculated slope, helping you anticipate where the next interaction might occur.
▶Input Settings
Left/Right Bars: Controls the sensitivity of pivot detection.
Calculation Window: The number of previous slopes to average.
Max History: Limits the number of active lines displayed on the chart.
Projection Length: How far into the future the lines extend.
Glow/Line Width: Aesthetic controls for visual clarity.
▶Usage Tip
These sloped lines are particularly useful for identifying descending resistance in downtrends and ascending support in uptrends. Use them to spot potential breakout points or trend exhaustion zones.
Disclaimer:
This indicator is for educational and informational purposes only and does not constitute financial advice.
Penunjuk Pine Script®






















