Dynamic S/R System - Pivot + Channel

Dynamic S/R System - Pivot + Channel

A comprehensive Support & Resistance indicator combining dual methodologies for institutional-grade price level analysis

📊 CORE FEATURES

Dual Detection System
• Pivot-Based Levels - Historical turning points with intelligent touch counting
• Dynamic Channel S/R - Trend-aware linear regression boundaries
• Smart Level Management - Auto-merges similar levels, removes weak/outdated ones

Volume Integration
• Multi-timeframe volume analysis using EMA oscillator and spike detection
• Volume confirmation for all breakout signals to filter false moves
• Real-time volume status (Normal/High/Spike) in live information panel

Intelligent Touch Counting
• Automatic level validation through touch frequency analysis
• Strength classification with visual differentiation (colors/thickness)
• Level labels showing exact touch count (S3, R5, etc.)

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🎨 VISUAL ELEMENTS

Line System
Solid Lines: Pivot-based S/R levels
Dashed Lines: Dynamic channel boundaries

Color Coding:
• 🔵 Blue/🔴 Red: Standard support/resistance
• 🟠 Orange: Strong levels (multiple touches)
• 🟣 Purple: Channel S/R levels

Signal Labels
• "B" - Pivot S/R breakout with volume confirmation
• "CB" - Channel boundary breakout
• "Bull/Bear Wick" - False breakout detection (wick rejections)

Information Panel
Real-time analysis displays:
• Total resistance/support levels detected
• Closest S/R levels to current price
• Volume status and position relative to levels
• Current market position assessment

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✅ KEY ADVANTAGES

Multi-Method Validation
Combines historical pivot analysis with dynamic trend channels for comprehensive market view

False Breakout Protection
• Volume confirmation requirements
• Wick analysis to identify failed attempts
• Multiple validation criteria before signal generation

Adaptive Level Management
• Automatically updates as new pivots form
• Removes outdated/weak levels
• Maintains clean, relevant level display

Institutional-Grade Analysis
• Touch counting reveals institutional respect levels
• Volume integration shows smart money activity
• Strength classification identifies high-probability zones

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⏰ OPTIMAL USE CASES

Best Timeframes
• Daily - Primary recommendation for swing trading
• 4-Hour - Intraday analysis and entries
• Weekly - Long-term position planning

Ideal Markets
• Crypto pairs (especially ETH/BTC, BTC/USD)
• Forex majors with good volume data
• Large-cap stocks with institutional participation

Trading Applications
• Entry/exit planning around key S/R levels
• Breakout confirmation with volume validation
• Risk management using nearest S/R for stops
• Trend analysis through channel dynamics

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⚙️ CONFIGURATION GUIDELINES

Conservative Setup (Higher Confidence)
[code]
Min Pivot Strength: 3-4
Volume Threshold: 25-30%
Max Levels: 6-8
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Aggressive Setup (More Signals)
[code]
Min Pivot Strength: 2
Volume Threshold: 15-20%
Max Levels: 10-12
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🔔 ALERT SYSTEM

Breakout Alerts
• Resistance/Support breaks with volume confirmation
• Channel boundary violations
• Approaching strong S/R levels

Advanced Notifications
• Strong level approaches (within 0.5% of price)
• False breakout detection
• Volume spike confirmations

📈 TRADING STRATEGY GUIDE

Entry Strategy
1. Wait for price to approach identified S/R level
2. Confirm with volume analysis (spike/high volume preferred)
3. Watch for wick formations indicating rejection
4. Enter on confirmed breakout with volume or bounce with rejection

Risk Management
• Use nearest S/R level for stop placement
• Scale position size based on level strength (touch count)
• Monitor volume confirmation for exit signals

Market Context
• Combine with higher timeframe trend analysis
• Consider overall market sentiment and volatility
• Use channel direction for bias confirmation

Transform complex S/R analysis into actionable trading intelligence with institutional-level insights for professional trading decisions.