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S/R-AA+++++++AA

The “S/R-AA+++++++AA” indicator is an advanced technical analysis tool that automatically identifies and plots key Support and Resistance (S/R) levels based on a combination of RSI, CMO, and pivot points. It is designed for traders who need clear visual signals of important price zones on the chart.
🔧 How It Works:
The indicator uses the following logic to detect support and resistance:
RSI (Relative Strength Index) – Utilized in both standard and legacy forms to detect extreme conditions (below 25 for support, above 75 for resistance).
CMO (Chande Momentum Oscillator) – Based on HMA (Hull Moving Average), this acts as a momentum confirmation filter.
Pivot Points – Short-term (2-bar) pivots are used to identify local highs and lows for precise S/R plotting.
🧠 Detection Logic:
A Support Zone is marked when RSI is low (< 25), CMO is strongly positive (> 50), and a local low is detected.
A Resistance Zone appears when RSI is high (> 75), CMO is strongly negative (< -50), and a local high is formed.
📈 Visual Output:
The indicator automatically draws horizontal lines:
Blue Line = Support
Red Line = Resistance
Lines are displayed on the selected timeframe (S/R Timeframe) and shown directly on the chart as an overlay.
🔔 Extra Features:
Alert Support: Allows users to set alerts when a new support or resistance level is formed.
Customizable line thickness and colors for improved visibility and clarity.
🎯 Purpose of the Indicator:
The purpose of this indicator is to automatically identify high-probability price reversal zones, helping traders better plan their entries, exits, stop-loss, and take-profit levels.
🔧 How It Works:
The indicator uses the following logic to detect support and resistance:
RSI (Relative Strength Index) – Utilized in both standard and legacy forms to detect extreme conditions (below 25 for support, above 75 for resistance).
CMO (Chande Momentum Oscillator) – Based on HMA (Hull Moving Average), this acts as a momentum confirmation filter.
Pivot Points – Short-term (2-bar) pivots are used to identify local highs and lows for precise S/R plotting.
🧠 Detection Logic:
A Support Zone is marked when RSI is low (< 25), CMO is strongly positive (> 50), and a local low is detected.
A Resistance Zone appears when RSI is high (> 75), CMO is strongly negative (< -50), and a local high is formed.
📈 Visual Output:
The indicator automatically draws horizontal lines:
Blue Line = Support
Red Line = Resistance
Lines are displayed on the selected timeframe (S/R Timeframe) and shown directly on the chart as an overlay.
🔔 Extra Features:
Alert Support: Allows users to set alerts when a new support or resistance level is formed.
Customizable line thickness and colors for improved visibility and clarity.
🎯 Purpose of the Indicator:
The purpose of this indicator is to automatically identify high-probability price reversal zones, helping traders better plan their entries, exits, stop-loss, and take-profit levels.
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。