Support and Resistance MTF

Support and Resistance MTF
Support and Resistance MTF is a powerful tool that automatically detects and visualizes key support and resistance levels based on pivot highs and lows, using a higher timeframe of your choice. It is designed for traders who focus on price action and market structure, and want an adaptive, clean, and customizable indicator that helps identify important market zones.

The script uses configurable pivot logic to identify levels, with user-defined parameters for pivot strength and timeframe. Once a support or resistance level is detected, it is displayed on the chart either as a horizontal line, a shaded box, or both, depending on your display settings. You can fully customize the visual appearance including color, transparency, and line thickness. Levels are automatically extended into the future, and optionally into the past, to give better context.

Each level is monitored for breakout behavior. If price breaks through a level, it can change its role — a former resistance may become support, and vice versa. After a certain number of breakouts (which you define), the level is considered invalid and is automatically removed from the chart. This helps to maintain a clean visual layout and ensures only relevant levels are shown.

The indicator supports multi-timeframe analysis, allowing you to overlay higher-timeframe structure directly on your lower-timeframe trading chart. It is also compatible with Heikin Ashi candles internally for reference, without affecting your main chart type.

Support and Resistance MTF is ideal for traders looking to align intraday setups with higher-timeframe zones, manage risk around structural levels, or simply highlight market turning points in a clear and automated way. Built with Pine Script v5 and optimized for performance, it is both powerful and lightweight.

⚙️ Input Parameters – Description

[Time-Frame
Defines the higher timeframe used for detecting support and resistance levels. For example, you can set this to 1h, 4h, or D to visualize significant levels from a broader market perspective on a lower-timeframe chart.

Left / Right (Pivot Left / Pivot Right)
These parameters control the sensitivity of the pivot detection. A pivot high/low is confirmed if it is higher/lower than the defined number of candles to its left and right. Higher values reduce noise but may miss smaller turning points.

Extend Left
When enabled, the drawn levels (lines and/or boxes) are extended to the left side of the chart, allowing you to see the historical alignment of these levels.

Max Breaks Before Delete
Defines how many times a level can be broken by price before it is removed from the chart. This helps to avoid clutter from outdated or invalidated levels and keeps your chart relevant to current price action.

Draw Lines Only
If enabled, the indicator will draw only horizontal lines for support and resistance zones, omitting the colored background boxes. Useful for a cleaner chart appearance.

Line Width Broken Level
Sets the thickness of the support/resistance lines. Thicker lines can emphasize key levels, especially after a breakout.

Transparency Boxes
Controls the transparency (0–100) of the background boxes representing the zones. A higher value makes the boxes more transparent, lower values make them more opaque.

Transparency Lines
Controls the transparency (0–100) of the horizontal support and resistance lines. This allows for visual fine-tuning based on chart background and personal preference.

Support (Color, Group: Display)
Lets you choose the color used for support zones and lines. By default, it's green, but you can change it to fit your theme or visual preference.

Resistance (Color, Group: Display)
Defines the color for resistance zones and lines. The default is red, but it can be customized freely.