Support/Resistance Breakout Detector

This indicator automatically detects and plots dynamic support and resistance levels using pivot highs and lows.

✅ It draws red resistance lines and blue support lines,
✅ The lines extend forward but automatically stop when the price touches them,
✅ It monitors for breakouts with strong volume,
✅ When a breakout happens, it shows labels like “B” or “Bull Wick” / “Bear Wick” on the chart,
✅ It also triggers alerts when support or resistance breaks with high volume.

Main settings:

Pivot lookback period
Show/hide breakout labels
Minimum volume for breakout
Maximum extension length for lines
This tool helps traders easily spot key price levels and watch for meaningful breakouts.