[MTX] Weekly Support & Resistance
Overview
Discover key market structure with this all-in-one indicator:
Weekly Support & Resistance (SR) levels, Fair Value Gap (FVG) detection, and Automatic Fibonacci retracements.
Designed for MTX traders, it plots non-repainting weekly highs/lows/opens/closes, highlights unmitigated FVGs for potential imbalances, and auto-draws Fib levels, Perfect for swing/day traders on XAUUSD.
🚀 Key Features
- Weekly SR Levels: Plots previous week's High (resistance), Low (support), Open, and Close. Optional historical levels (Week -2/-3).
- SR Zones: Customizable % zones around levels for dynamic support/resistance bands. Fill colors for easy visualization.
- FVG Detection: Identifies bullish (green) and bearish (red) Fair Value Gaps on your chart timeframe.
- buy/sell Signals:
- Trend Filter: Optional EMA/SMA to filter signals
- Auto Fibonacci: auto-retracement with 20+ levels (0%, 23.6%, 38.2%, 50%, 61.8%, 100%, extensions to 423.6%, negatives). Custom colors, labels, and background fills.
- Alerts: Built-in for FVG creation/mitigation + all buy/sell signals. Set up once for real-time notifications.
⚠️ Important Disclaimer
This indicator is for educational and analysis purposes only. It provides visual tools and signals based on historical price action—not financial advice. Past performance ≠ future results. Trading involves risk; use proper risk management. Backtest thoroughly. No guarantees of profitability. Consult a financial advisor.
#tradingview #smc #MTX #fvg #fibonacci #supportresistance
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MTXTrades directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MTXTrades directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.