Support & Resistance Rejection Levels

Support & Resistance Rejection Levels

This indicator automatically identifies and draws key support and resistance levels based on multiple price rejections at swing highs and lows.
Key Features:

Detects levels where price has been rejected multiple times
Highlights the most recent support and resistance levels with customizable colors
Shows historical levels in a different style for context
Displays rejection count on each level (e.g., "S: 3×" means 3 touches)
Fully customizable appearance: colors, line styles, thickness, and opacity
Adjustable filters: minimum rejections required and maximum levels displayed


Settings:

Adjust swing lookback period to control sensitivity
Set zone threshold to group nearby price touches
Filter weak levels by requiring minimum rejections
Customize line and label appearance for easy visual identification