Support and Resistance [Jamshid]

avant-hier

📌 Support & Resistance [Jamshid]

This indicator automatically identifies high-quality Support and Resistance zones using volume-weighted pivot levels. It visualizes price structure with adaptive volume boxes, breakout & retest signals, higher timeframe confirmation, and optional volume profile.

✅ Core Features
🔹 1. Smart Support & Resistance Zones (Volume-Based)
Detects pivot highs/lows with strong volume.
Boxes expand dynamically using ATR.
Zones display actual volume value.
Color intensity reflects volume strength.

🔹 2. Breakouts & Retests
“Break Sup / Break Res” labels on structure breaks.
Detects when old resistance becomes support (R→S).
Detects when old support becomes resistance (S→R).
Retest labels and diamond markers for holds.

🔹 3. Volume Profile (Optional)
Shows mini horizontal volume bars at each zone.
Separate bullish/bearish volume distribution.
Adjustable rows and lookback.

🔹 4. Higher Timeframe Confluence (Optional)
Check if current S/R aligns with HTF levels:
5m, 15m, 30m, 1H, 4H, Daily

Modes:

✅ Show All + HTF Labels

✅ Filter Only HTF Confirmed Levels
HTF confirmations shown directly on zone labels.
Tolerance setting for price matching.

🔹 5. Breaker Blocks (Failed S/R Reversal Zones)
Identifies bullish/bearish breaker zones.
Highlights breaker blocks on chart.
Optional labels and zone coloring.

🎯 Visual Alerts & Signals

✅ Breakouts (Support & Resistance)
✅ Retests (Hold without breakout)
✅ Role Reversal (R→S and S→R)
✅ Potential Bullish / Bearish Breakers
✅ Diamonds for hold/retest structure
✅ Labels with volume + timeframe confirmations

Every signal also has a built-in alertcondition so you can automate notifications.

⚙️ Customizable Settings
🟢 Main

Lookback period
Volume filter length
Box width multiplier

🎨 Visual

Show or hide labels, diamonds, retest labels
Label size

🟦 Breaker Blocks

Enable/disable breaker blocks
Show zones & labels
Custom colors

📊 Volume Profile

Enable/disable
Rows, lookback length
Bull/Bear color

⏳ Higher Timeframe Filtering
Turn HTF logic on/off
Select which timeframes to compare
Filter mode or label mode
Price matching tolerance (%)

✅ Why this indicator is unique

✔ Combines price structure + volume + HTF confluence
✔ Automatically adapts S/R strength using volume data
✔ Shows role reversal and breaker logic
✔ Smart visual alerts & automation support
✔ Highly customizable for any strategy or timeframe

💡 How to Use

Add the indicator to any chart or timeframe.
Look for high-volume S/R zones (darker colors = stronger).

Watch for:
Breakouts (trend continuation or reversal)
Retests (strong confirmations)
HTF confluence (higher probability)
Breaker blocks (failed level reversal)
Optionally enable alerts for automation or notifications.

******************************************************************

⚠️ Dangers of Trading
1️⃣ You can lose money very fast

Markets move quickly, and leverage makes losses even faster. Even experienced traders go through drawdowns.

2️⃣ Emotional decisions ruin accounts

Fear (selling too early) and greed (holding too long or overtrading) cause most losses. Trading is more psychological than technical.

3️⃣ Overconfidence after small wins

Many traders win at the beginning and believe they “mastered” the market, then take big risks and blow the account.

4️⃣ No system = gambling

If you trade without clear rules and risk management, you’re not trading—you’re gambling.

5️⃣ Market is not fair

Smart money, institutions, HFT algorithms, and stop-hunts exist. Retail traders are often the liquidity for bigger players.

6️⃣ News/Unexpected events

Unpredictable events (CPI, FOMC, war, tweets, etc.) can instantly move the market against your position.

✅ Advice for Safer & Smarter Trading
✅ 1. Protect your capital first

Your number one job is to survive.
Never risk more than 1–2% per trade.

✅ 2. Have a written trading plan

Define:

When to enter
When to exit
How much to risk
What conditions must be present

If your plan is not written, you don’t have a plan.

✅ 3. Use Stop Loss always

No stop loss = account suicide.
Even professional traders are wrong sometimes.

✅ 4. Focus on one strategy (mastery > trying everything)

Jumping from one strategy to another causes confusion. One good strategy with discipline beats five strategies with no consistency.

✅ 5. Trade with the trend and higher timeframe direction

Trading against HTF structure is fighting the market.

✅ 6. Control emotions like a machine

Biggest trader enemies:
Overtrading
Revenge trading
Fear of missing out (FOMO)
When emotions are strong → stop trading.

✅ 7. Be patient (best skill of a trader)

Sometimes the best trade is no trade.
Professional traders wait for high-probability setups.

✅ 8. Backtest and demo before using real money

If it doesn’t make money in backtesting or demo, it won’t magically work live.

✅ 9. Accept losses (they are part of the game)

Even the best traders lose. The key is small losses, big wins.

✅ 10. Keep learning forever

Market changes. What works today may not work tomorrow. Study price action, volume, psychology, risk management.

🧠 Final Truths:

✅ Trading is a business, not easy money
✅ Winning rate doesn’t matter—risk/reward matters
✅ Consistency > luck
✅ Discipline > knowledge
✅ Survival > profit

il y a 5 minutes

Notes de version

📌 Support & Resistance [Enhanced S&R_Jamshid]

This indicator automatically identifies high-quality Support and Resistance zones using volume-weighted pivot levels. It visualizes price structure with adaptive volume boxes, breakout & retest signals, higher timeframe confirmation, and optional volume profile.

✅ Core Features
🔹 1. Smart Support & Resistance Zones (Volume-Based)
Detects pivot highs/lows with strong volume.
Boxes expand dynamically using ATR.
Zones display actual volume value.
Color intensity reflects volume strength.

🔹 2. Breakouts & Retests
“Break Sup / Break Res” labels on structure breaks.
Detects when old resistance becomes support (R→S).
Detects when old support becomes resistance (S→R).
Retest labels and diamond markers for holds.

🔹 3. Volume Profile (Optional)
Shows mini horizontal volume bars at each zone.
Separate bullish/bearish volume distribution.
Adjustable rows and lookback.

🔹 4. Higher Timeframe Confluence (Optional)
Check if current S/R aligns with HTF levels:
5m, 15m, 30m, 1H, 4H, Daily

Modes:

✅ Show All + HTF Labels

✅ Filter Only HTF Confirmed Levels
HTF confirmations shown directly on zone labels.
Tolerance setting for price matching.

🔹 5. Breaker Blocks (Failed S/R Reversal Zones)
Identifies bullish/bearish breaker zones.
Highlights breaker blocks on chart.
Optional labels and zone coloring.

🎯 Visual Alerts & Signals

✅ Breakouts (Support & Resistance)
✅ Retests (Hold without breakout)
✅ Role Reversal (R→S and S→R)
✅ Potential Bullish / Bearish Breakers
✅ Diamonds for hold/retest structure
✅ Labels with volume + timeframe confirmations

Every signal also has a built-in alertcondition so you can automate notifications.

⚙️ Customizable Settings
🟢 Main

Lookback period
Volume filter length
Box width multiplier

🎨 Visual

Show or hide labels, diamonds, retest labels
Label size

🟦 Breaker Blocks

Enable/disable breaker blocks
Show zones & labels
Custom colors

📊 Volume Profile

Enable/disable
Rows, lookback length
Bull/Bear color

⏳ Higher Timeframe Filtering
Turn HTF logic on/off
Select which timeframes to compare
Filter mode or label mode
Price matching tolerance (%)

✅ Why this indicator is unique

✔ Combines price structure + volume + HTF confluence
✔ Automatically adapts S/R strength using volume data
✔ Shows role reversal and breaker logic
✔ Smart visual alerts & automation support
✔ Highly customizable for any strategy or timeframe

💡 How to Use

Add the indicator to any chart or timeframe.
Look for high-volume S/R zones (darker colors = stronger).

Watch for:
Breakouts (trend continuation or reversal)
Retests (strong confirmations)
HTF confluence (higher probability)
Breaker blocks (failed level reversal)
Optionally enable alerts for automation or notifications.

******************************************************************

⚠️ Dangers of Trading
1️⃣ You can lose money very fast

Markets move quickly, and leverage makes losses even faster. Even experienced traders go through drawdowns.

2️⃣ Emotional decisions ruin accounts

Fear (selling too early) and greed (holding too long or overtrading) cause most losses. Trading is more psychological than technical.

3️⃣ Overconfidence after small wins

Many traders win at the beginning and believe they “mastered” the market, then take big risks and blow the account.

4️⃣ No system = gambling

If you trade without clear rules and risk management, you’re not trading—you’re gambling.

5️⃣ Market is not fair

Smart money, institutions, HFT algorithms, and stop-hunts exist. Retail traders are often the liquidity for bigger players.

6️⃣ News/Unexpected events

Unpredictable events (CPI, FOMC, war, tweets, etc.) can instantly move the market against your position.

✅ Advice for Safer & Smarter Trading
✅ 1. Protect your capital first

Your number one job is to survive.
Never risk more than 1–2% per trade.

✅ 2. Have a written trading plan

Define:

When to enter
When to exit
How much to risk
What conditions must be present

If your plan is not written, you don’t have a plan.

✅ 3. Use Stop Loss always

No stop loss = account suicide.
Even professional traders are wrong sometimes.

✅ 4. Focus on one strategy (mastery > trying everything)

Jumping from one strategy to another causes confusion. One good strategy with discipline beats five strategies with no consistency.

✅ 5. Trade with the trend and higher timeframe direction

Trading against HTF structure is fighting the market.

✅ 6. Control emotions like a machine

Biggest trader enemies:
Overtrading
Revenge trading
Fear of missing out (FOMO)
When emotions are strong → stop trading.

✅ 7. Be patient (best skill of a trader)

Sometimes the best trade is no trade.
Professional traders wait for high-probability setups.

✅ 8. Backtest and demo before using real money

If it doesn’t make money in backtesting or demo, it won’t magically work live.

✅ 9. Accept losses (they are part of the game)

Even the best traders lose. The key is small losses, big wins.

✅ 10. Keep learning forever

Market changes. What works today may not work tomorrow. Study price action, volume, psychology, risk management.

🧠 Final Truths:

✅ Trading is a business, not easy money
✅ Winning rate doesn’t matter—risk/reward matters
✅ Consistency > luck
✅ Discipline > knowledge
✅ Survival > profit