Volume Support & Resistance multi timeframe [LM]

Hello guys,

I would like to introduce you volume support and resistance horizontals. It draws line horizontal on high and low high volume candles that has volume above volume MA for certain period multiplied by multiplier and also the volume is increasing from previous volume . You can select lines on this timeframe and/or another one.

The colors are dynamic depending whether price is below or above the line:

for the current timeframe green is used for support and blue for resistance
for the other timeframe by default 4h orange is used for support and violet for resistance

There are various sections in setting:

volume - here you can select SMA volume length and multiplier
show and hide section of the current timeframe
other timeframe
show and hide other timeframe horizontals

I'm mainly looking smaller timeframe and trading higher timeframe from level to level

Any suggestions are welcome

Release Notes

fixing multi timeframe behavior

Release Notes

adding another timeframe and labels for values

Release Notes

update to version 5

lmatl

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Open-source script

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Want to use this script on a chart?

lmatl

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