OPEN-SOURCE SCRIPT

Elev8+ Impulse Levels | Smart Support & Resistance

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Elev8+ Impulse Levels | Smart Support & Resistance

Ever notice price rejecting “empty” areas on the chart—like it remembered something that isn’t obvious?

That “something” is often Institutional Impulse: footprints left behind by large, aggressive moves that get defended again days or weeks later.

Elev8+ Impulse Levels automatically detects these moments and projects the most important prices forward so you can see the structure most traders miss.

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🧠 How It Works (The Logic)

This is not a typical support/resistance tool. It does not hunt swing highs/lows.
It looks for Market Intent—the “Perfect Storm” when two conditions align:

  • Volume Spike — buying/selling pressure significantly exceeds average volume (multiplier-based).
  • Volatility Expansion — the candle body is unusually large relative to recent ATR.


When both occur, the script marks the event and treats the impulse close as a key “line in the sand” that can influence future reactions.

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🎯 How to Use These Levels

The script includes a Smart Line behavior that changes level styling based on how price interacts with it—so you can quickly separate two core setups:

1) The Defense (Bounce)
Visual: 🟢 Solid line (Fresh / Untouched)

  • What it means: Price has not yet traded through or “invalidated” the level.
  • What to look for: First return to the level → rejection / bounce behavior.
  • Why it matters: Large players often defend prior entries; first tests can react sharply.


2) The Flip (Break & Retest)
Visual:Dotted line (Broken / Re-priced)

  • What it means: A candle has closed through the level.
  • What to look for: Price returns to the dotted level from the other side (“kiss”) → continuation.
  • Why it matters: Broken support can act as resistance (and vice versa), similar to a breaker concept.


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✨ Key Features

  • Smart Visualization — levels automatically transition from solid → dotted when broken to reduce chart noise.
  • Impulse Candle Highlighting — see the exact candle that created the level (origin clarity).
  • Fully Customizable Sensitivity — tune volume + size thresholds for Crypto, Forex, Futures, or Stocks.


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🚀 The Elev8+ Workflow

Think of Impulse Levels as your map: it shows where reactions are most likely.

For entry timing, pair it with Elev8+ Pro Reversal to confirm the moment price reacts at these high-value zones.

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Disclaimer: Trading involves risk. This tool is for educational/technical analysis purposes only and does not guarantee future results.

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.