Forex Support Level Identifier. Beta version. [Dots3Red]

The following script is designed to detect horizontal support levels on Forex Pairs.

Description
Instead of drawing random support/resistance lines, this script analyzes how the price repeatedly builds structure around specific levels over time. When multiple reactions form near the same price area within a defined time window, they are grouped into a cluster, forming a statistically meaningful base.

These bases often represent:
• accumulation or positioning areas
• liquidity resting zones
• pre-breakout compression levels
• areas where price is likely to react again

How It Works
The script:
• Tracks recurring price interaction points
• Groups nearby reactions into clusters
• Continuously readjusts the base level as structure evolves
• Invalidates bases when structure breaks decisively

The user can select the following parameters:
• Long Window Timeline: This parameter looks for the maximum bar length to analyse the chart
• Short Window Timeline: Defines the maximum number of bars allowed between price reactions for them to be considered part of the same structural base.
• DevThreshold: This setting controls how close price reactions must be to be considered part of the same structural base.



Best Use Cases
This indicator is especially useful for:
• Identifying breakout launchpads
• Finding pullback reaction zones
• Confirming entries near the structure
• Understanding where liquidity may be sitting

The limitations
• Forex only
• For lower timeframes, there can be too much noise. Good for daily charts, though tested on a 15-minute time period too.
•The source code is hidden due to too inconsistent formatting, too many magic numbers that need proper statistical checks.

Future work

1. Adding a smarter cluster detection with the merge technique.
   
2. Making the indicator work for all asset classes.