PROTECTED SOURCE SCRIPT
Support & Resistance Rejection Levels
Support & Resistance Rejection Levels
This indicator automatically identifies and draws key support and resistance levels based on multiple price rejections at swing highs and lows.
Key Features:
Detects levels where price has been rejected multiple times
Highlights the most recent support and resistance levels with customizable colors
Shows historical levels in a different style for context
Displays rejection count on each level (e.g., "S: 3×" means 3 touches)
Fully customizable appearance: colors, line styles, thickness, and opacity
Adjustable filters: minimum rejections required and maximum levels displayed
Settings:
Adjust swing lookback period to control sensitivity
Set zone threshold to group nearby price touches
Filter weak levels by requiring minimum rejections
Customize line and label appearance for easy visual identification
This indicator automatically identifies and draws key support and resistance levels based on multiple price rejections at swing highs and lows.
Key Features:
Detects levels where price has been rejected multiple times
Highlights the most recent support and resistance levels with customizable colors
Shows historical levels in a different style for context
Displays rejection count on each level (e.g., "S: 3×" means 3 touches)
Fully customizable appearance: colors, line styles, thickness, and opacity
Adjustable filters: minimum rejections required and maximum levels displayed
Settings:
Adjust swing lookback period to control sensitivity
Set zone threshold to group nearby price touches
Filter weak levels by requiring minimum rejections
Customize line and label appearance for easy visual identification
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.