OPEN-SOURCE SCRIPT
Updated MTF Key Levels [Mxwll]
Mxwll MTF S/R:
The Mxwll MTF Support & Resistance indicator is designed to identify crucial support and resistance levels across multiple timeframes. By considering various timeframes, this indicator provides a more comprehensive view of the market's underlying structure. It allows traders to extend lines in various configurations and covers timeframes ranging from 5 minutes to weekly. By considering price action across multiple timeframes, the indicator provides a more comprehensive understanding of the market's supply and demand dynamics. Traders can use the Mxwll MTF Support & Resistance Indicator to refine their trade entries and exits, manage risk, and establish potential price targets.
FEATURES
Change Colours Of S&R Lines
INSTRUCTIONS
Select Your Timeframe -> Unselect the S&R Levels That Are Less Than The Timeframe - Trade
https://www.tradingview.com/x/puGwXF8c/
The Mxwll MTF Support & Resistance indicator is designed to identify crucial support and resistance levels across multiple timeframes. By considering various timeframes, this indicator provides a more comprehensive view of the market's underlying structure. It allows traders to extend lines in various configurations and covers timeframes ranging from 5 minutes to weekly. By considering price action across multiple timeframes, the indicator provides a more comprehensive understanding of the market's supply and demand dynamics. Traders can use the Mxwll MTF Support & Resistance Indicator to refine their trade entries and exits, manage risk, and establish potential price targets.
FEATURES
- 5 Minute to Weekly Key Levels
- Accurate Multi-Timeframe Support and Resistance
- Customize To Extend The Lines - Left, Right and Right Across The Chart
- Interplay Between Support and Resistance Levels
- Change Colours Of S&R
Change Colours Of S&R Lines
INSTRUCTIONS
Select Your Timeframe -> Unselect the S&R Levels That Are Less Than The Timeframe - Trade
https://www.tradingview.com/x/puGwXF8c/
Release Notes
Update to main imageRelease Notes
Added alerts capabilities for crosses of MTF resistance/support levels!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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