1Copy the scriptPress Copy script above, or the copy button on the code below.
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
298 lines of Pine Script v6 from docs/pine_scripts/SwingTradeAnalyzer_SR.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
Swing Trade Analyzer - S&R Levels filters duplicate price levels and offers optional multi-timeframe confluence analysis against higher timeframes like weekly data to highlight strong zones. Additionally, it supports Fibonacci extensions near all-time highs. Users can adjust pivot lookback settings, line styling, price labels, and confluence percentage thresholds.
Pivot high and low support and resistance detection
Multi-timeframe confluence highlighting with higher timeframes
Unique price level filtering and line display controls
Fibonacci extensions for dynamic targets near all-time highs
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
5
pivotLeft
Pivot Right Bars
int
5
pivotRight
Max Levels Each Side
int
5
maxLevels
Show Support Lines
bool
true
showSupport
Show Resistance Lines
bool
true
showResistance
Show Price Labels
bool
true
showLabels
Extend Lines Right
bool
true
extendLines
Support Color
color
color.new(color.green, 30)
supportColor
Resistance Color
color
color.new(color.red, 30)
resistanceColor
MTF Support (Strong)
color
color.new(color.lime, 0)
mtfSupportColor
MTF Resistance (Strong)
color
color.new(color.fuchsia, 0)
mtfResistanceColor
Enable MTF Confluence
bool
true
useMTF
Show all 16 settings
Setting
Type
Default
Variable
Higher Timeframe
timeframe
W
mtfTimeframe
Confluence Threshold %
float
1.5
confluenceThreshold
Use Fibonacci for ATH
bool
true
useFibonacci
ATH Threshold %
float
5.0
athThreshold
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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