This overlay indicator draws a fixed-range volume profile on the price chart, splitting traded activity into up and down volume at each price level. It also plots a sentiment profile, a developing point of control, and value-area high and low around a configur
Indicator · Pine Script v5 · On the chart
Volume-based Support and Resistance Zones V2
An indicator on the price chart that draws support and resistance zones from bars with unusually high volume, measured against a volume moving average threshold.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code923
Settings40inputs
LicenceNone stated
Last update1 year ago1 Mar 2025
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
Zones can come from the chart timeframe and several higher timeframes, each with its own number of zones, colours, line or zone display, and alert choice. Lines can show high and low and open and close levels, extend to the next zone or to the right, and carry timeframe labels. Style and width are adjustable.
- Support and resistance zones from high-volume bars
- Several timeframes with separate settings
- High, low, open and close lines with style options
- Zone extension, timeframe labels and alerts
Details
Published by
ivansoft on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Support & resistance, Volume
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.
Topics
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Extend all S/R Zones to Next Zone | bool | true | ExtendLines1 |
| Extend active S/R Zones to Right | bool | true | ext_active |
| Show Time Frame Label? | bool | true | ShowLabel |
| Label Location | string | Right | label_loc |
| Right Label Offset | int | 15 | label_offset |
| Show High/Low Line | bool | true | show_HL |
| Show Open/Close Line | bool | true | show_close |
| Line Style (H/L) | string | Solid | LineStyleHLInput |
| Line Width (H/L) | int | 1 | LineWidthHLInput |
| Line Style (O/C) | string | Solid | LineStyleCloseInput |
| Line Width (O/C) | int | 1 | LineWidthCloseInput |
| Display Lines Only, With Zones, or Disable | string | S/R Zones | TF1_Menu |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Time Frame 1 | string | Chart | TF1_input |
| Volume MA - Threshold | int | 6 | TF1_VolMA1Input |
| Number of Zones Back | int | 30 | TF1_NumZones |
| Extend S/R Zones to Right | bool | false | TF1_extRight |
| Resistance Lines Color | color | color.new(color.red, 20) | TF1_ResLinesColor |
| Resistance Zone Color | color | color.new(color.red, 90) | TF1_ResZoneColor |
| Support Lines Color | color | color.new(color.lime, 20) | TF1_SupLinesColor |
| Support Zone Color | color | color.new(color.lime, 90) | TF1_SupZoneColor |
| Alerts | string | None | TF1_Alerts |
| Display Lines Only, With Zones, or Disable | string | S/R Zones | TF2_Menu |
| Time Frame 2 | string | 4h | TF2_input |
| Volume MA - Threshold | int | 6 | TF2_VolMA1Input |
| Number of Zones Back | int | 30 | TF2_NumZones |
| Extend S/R Zones to Right | bool | false | TF2_extRight |
| Resistance Lines Color | color | color.new(color.fuchsia, 20) | TF2_ResLinesColor |
| Resistance Zone Color | color | color.new(color.fuchsia, 90) | TF2_ResZoneColor |
| Support Lines Color | color | color.new(color.green, 20) | TF2_SupLinesColor |
| Support Zone Color | color | color.new(color.green, 90) | TF2_SupZoneColor |
| Alerts | string | None | TF2_Alerts |
| Display Lines Only, With Zones, or Disable | string | S/R Zones | TF3_Menu |
| Time Frame 3 | string | D | TF3_input |
| Volume MA - Threshold | int | 6 | TF3_VolMA1Input |
| Number of Zones Back | int | 30 | TF3_NumZones |
| Extend S/R Zones to Right | bool | false | TF3_extRight |
| Resistance Lines Color | color | color.new(color.orange, 20) | TF3_ResLinesColor |
| Resistance Zone Color | color | color.new(color.orange, 90) | TF3_ResZoneColor |
| Support Lines Color | color | color.new(color.blue, 20) | TF3_SupLinesColor |
| Support Zone Color | color | color.new(color.blue, 90) | TF3_SupZoneColor |
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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