MKL Levels v2

This indicator is designed to highlight volumetric levels and their interactions with market swings. At its core, it maps out dynamic buy/sell zones based on volatility-adjusted pivots, while also projecting structured resistance and support regions. The script blends intraday trend signals with a framework of volumetric levels that act as inflection points, making it easier to spot price reaction areas.

Key elements include:

Volumetric Mid-Zones: These serve as the daily equilibrium levels, marking the “center of gravity” around which price tends to rotate.

Tiered Resistance & Support Levels (R1–R3 / S1–S3): Derived extensions that highlight where momentum could slow, reverse, or accelerate.

Filter Option: Ability to restrict trades only when aligned with the prevailing volumetric bias.

Historical Depth: Option to extend these volumetric levels backward across multiple days, allowing traders to visualize how past market balance zones continue to influence current price action.

The result is an adaptive map of volumetric levels that doesn’t just show static lines but evolves with market structure, helping traders anticipate both breakouts and mean-reverting moves.

Happy Trading :)