Floor and Roof Indicator with Signals

Floor and Roof Indicator with Trading Signals
A comprehensive support and resistance indicator that identifies premium and discount zones with automated signal generation.
Key Features:

Dynamic Support/Resistance Zones: Calculates floor (support) and roof (resistance) levels using price action and volatility
Premium/Discount Zone Identification: Highlights areas where price may find resistance or support
Customizable Signal Frequency: Control how often signals are displayed (every Nth occurrence)
Visual Signal Table: Optional table showing the last 5 long and short signal prices
Multiple Timeframe Compatibility: Works across all timeframes

Technical Details:

Uses ATR-based calculations for dynamic zone width adjustment
Combines Bollinger Bands with highest/lowest price analysis
Smoothing options for cleaner signal generation
Fully customizable colors and display options

How to Use:

Floor Zones (Blue): Potential support areas where long positions may be considered
Roof Zones (Pink): Potential resistance areas where short positions may be considered
Signal Crosses: Visual markers when price interacts with key levels
Signal Table: Track recent signal prices for analysis

Settings:

Length: Period for calculations (default: 200)
Smooth: Smoothing factor for cleaner signals
Zone Width: Adjust the thickness of support/resistance zones
Signal Frequency: Control signal display frequency
Visual Options: Customize colors and table position

Alerts Available:

Long signal alerts when price touches discount zones
Short signal alerts when price reaches premium zones

Educational Purpose: This indicator is designed to help traders identify potential support and resistance areas. Always combine with proper risk management and additional analysis.

This description focuses on the technical aspects and educational value while avoiding any language that could be interpreted as financial advice or guaranteed profits.