This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
Indicator · Pine Script v6 · On the chart
MajD Measured Retracement Support & Resistance
An overlay indicator that detects swing structure from pivots and projects support and resistance levels from measured retracements of earlier peaks and troughs.
GitHub stars1on the repository
Pine versionv6current
Lines of code828
Settings14inputs
LicenceNone stated
Last update2 months ago2 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Break confirmation can use closes or wicks, and an option requires a new higher high or lower low before a level is created. Projection uses absolute distance or percentage. Levels are removed when price passes them by an ATR-based buffer. The number of active levels, colors, width and structure markers are adjustable.
- Pivot-based structure detection
- Projected support and resistance levels
- Close or wick break confirmation
- ATR buffer level invalidation
- Limit on active levels
Details
Published by
XingHan98 on GitHub
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot left bars | int | 3 | pivotLeft |
| Pivot right bars | int | 3 | pivotRight |
| Structure break confirmation | string | Close | structureBreakMode |
| Require new HH / LL | bool | true | requireNewExtreme |
| Projection method | string | Absolute distance | projectionMode |
| Invalidation confirmation | string | Close | invalidationMode |
| ATR length | int | 14 | invalidationAtrLength |
| ATR invalidation buffer | float | 0.10 | invalidationAtrMultiplier |
| Maximum active levels | int | 20 | maximumActiveLevels |
| Label offset | int | 2 | labelOffset |
| Support colour | color | color.rgb(41, 98, 255) | supportColor |
| Resistance colour | color | color.rgb(255, 55, 55) | resistanceColor |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Level width | int | 1 | levelWidth |
| Show structure markers | bool | false | showStructure |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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