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Script type
Indicator
Source code
Open-source

Support Resistance MTF

Automatically shades support and resistance zones between current and higher-timeframe highs and lows.

4.1 / 5.0 Overall

  • Effectiveness 4.0
  • Originality 3.6
  • Clarity 4.3
  • Flexibility 4.2
  • Reliability 4.6

Difficulty Beginner

No.VOW-000049

About this rating This is an analysis and visualization indicator for reading where the key levels sit on the current and higher timeframes. Because it builds the higher timeframe from the bars on your chart instead of requesting separate data, lines and zones on confirmed bars never repaint, so you can trust the zones you see on historical bars for backtesting, which is what lifted the score most. Originality is more modest since it rests on the standard approach of extracting highs and lows, but shading the space between two timeframes' levels as a zone is easy to read and pays off when you're hunting for range highs and lows.
About the difficulty All it shows are red and green lines and zones, so you can tell right away whether the key levels are above or below price. If you understand basic support and resistance, you can use it comfortably, which is why we rated it Beginner. That said, it helps to read how it works first: the lines can be redrawn lower as well as higher, the zone behind price stretches tall during trends, and some timeframe combinations keep the higher-timeframe lines from showing correctly.

Overall 4.1/ 5.0

About our rating standards

  • Effectiveness 4.0 It does what it sets out to do, automatically finding the highs and lows of two timeframes and turning them into zones. In trends, the zone behind price widens and becomes less useful as a level reference.
  • Originality 3.6 Extracting highs and lows is a standard technique, but shading the space between current and higher-timeframe levels as a zone is a thoughtful touch.
  • Clarity 4.3 Built from just two colors, red and green, it shows at a glance whether levels sit above or below price. Zone opacity is adjustable too.
  • Flexibility 4.2 The higher timeframe can be set anywhere from 15m to 12M, and tuning Source and Period lets you dial it in for nearby or distant levels.
  • Reliability 4.6 HTF values are calculated from the bars on your chart with no future data, so lines and zones on confirmed bars never change afterward.
Repainting
Depends on settings
  1. Live barChanges
  2. On closeDepends
  3. HistoryFixed
On default settings, lines and zones on confirmed bars don't repaint, but with Extend Lines on, the latest four lines are redrawn every bar and extended left across past bars.
Best timeframes
  • Lower TFs≤15m
  • Mid TFs30m–4H
  • Higher TFs1D+
Tested on BTCUSDT (5m, 1H, 1D)
Alerts
No
Buy/sell signals
Not providedN/A for analysis tools
Market conditions
Ranging
Display
Overlay
Chart elements
LinesBoxes
Base indicator
Price Only
Trading style
Swing TradingDay Trading

Our review of this indicator

SUPPORT & RESISTANCE

Support Resistance MTF: HTF and Current-Timeframe S/R Zones to Load Before You Draw Levels

Support Resistance MTF: HTF and Current-Timeframe S/R Zones to Load Before You Draw Levels

Diagram gallery 10

Article Summary
What does this indicator do?
Bottom line

Support Resistance MTF automatically picks up the recent highs and lows of the current and higher timeframes and fills the space between them as resistance and support zones. Confirmed bars never repaint, it shines for finding range levels, and in a trend the trick is to watch only one edge of the zone.

Tell me more
Key points
  • It draws lines at the highest high and lowest low of the last 10 bars on both the current and higher timeframe, then fills same-colored lines into zones.
  • HTF values are built from the candles on your chart, so lines and zones on confirmed bars never change after the fact.
  • Lines reset not only on new highs and lows but also when an old high drops out of the window, so they can move down as well as up.
  • On Auto, the HTF follows your chart timeframe, for example 4H on a 1H chart and 1H on a 5m chart.
  • In a trend the zone behind price stretches tall, so use the top edge, the current-timeframe line, as your pullback reference.
  • When a wick breaks support, the line jumps to the wick low and the broken level is gone, so mark it with a horizontal line if you need it.
  • A lower Period catches nearer levels, a higher one catches more distant levels, and setting Source to Close/Open ignores wicks.
  • There are no buy/sell signals or alert conditions, so pair it with RSI or volume to judge bounces and breakouts.

“Support Resistance MTF” turns current-timeframe and higher-timeframe levels into zones

Ever drawn a horizontal line and wondered whether that high only matters on the 1H, or whether the 4H cares about it too? “Support Resistance MTF” plots the highs and lows of both timeframes at once and shades the space between them into zones. The red zone above price is resistance, the green zone below is support. MTF stands for multi-timeframe, meaning the indicator works with more than one timeframe at the same time.

Support Resistance MTF on a TradingView 1H chart, drawing resistance and support zones from the 4H and 1H highs and lows.
Support Resistance MTF on a TradingView 1H chart, drawing resistance and support zones from the 4H and 1H highs and lows.

The first time I loaded it on a Bitcoin 1H chart, I didn’t touch a single setting. It picked the 4H as the higher timeframe on its own and stacked zones above and below price. When I draw levels by hand, which high I anchor to tends to drift from day to day. “Support Resistance MTF” follows fixed rules, so anyone who loads it gets the same zones in the same places. For me, that’s the biggest difference from hand-drawn lines.

It doesn’t give buy or sell signals. Its only job is to show you where the key levels are.

The red and green zones sit between lines from two timeframes

Default settings on a 1H chart. With Auto, the 4H is picked as the higher timeframe.

The red and green zones sit between lines from two timeframesSupport Resistance MTF on a 1H chart with default settings. The space between the higher-timeframe line and the 1H line is filled, creating a red resistance zone above and a green support zone below.4H resistance line1H resistance lineThe red band between thetwo lines is the resistance zoneThe low side works the same wayand forms the green support zoneA new high redraws the linesand the red zone disappears for now

Vowars DE ver.3.12.30

The top of the red zone is the highest high of the last ten 4H bars, and the bottom is the highest high of the last ten 1H bars. The green zone applies the same idea to the lows. On a bar that makes a new high, the line breaks for a moment and the zone disappears.

Let’s start with the big picture. The red zone in Figure ① is the price range between the 4H resistance line and the 1H resistance line. The green zone in Figure ② is the same pairing on the low side. When price makes a new high, the lines get redrawn as in Figure ③, and the zone disappears for a while. The zones aren’t a permanent record of the past. Remember that they only show the levels that are active right now, and the way the chart changes won’t throw you off.

How are the four lines drawn? The logic behind the zones

Each zone is built from four lines. “Support Resistance MTF” finds the recent highest high and recent lowest low on both the current timeframe and the higher timeframe, then fills the space between the lines of the same color.

LineWhere it’s drawnColor
Current-timeframe resistanceThe high of the bar that printed the highest high of the last 10 barsRed
HTF resistanceThe highest high of the last 10 higher-timeframe barsRed
Current-timeframe supportThe low of the bar that printed the lowest low of the last 10 barsGreen
HTF supportThe lowest low of the last 10 higher-timeframe barsGreen

Ten bars is the default, and you can change it with Period for Highest/Lowest Bars. Keep in mind that this one number applies to both the current timeframe and the higher timeframe.

Current-timeframe lines reset on a new 10-bar extreme

The 1H line resets on the bar that prints a new 10-bar high

This chart focuses only on the 1H line at the default setting (Period for Highest/Lowest Bars = 10).

The 1H line resets on the bar that prints a new 10-bar highOn the bounce after a drop, the 1H resistance line falls from a high level in one jump, then steps up with each new high.Previous 1H resistance lineThe last bar’s high becomesthe highest of the last 10The line sitting higher upends hereFrom here the line snapsto the nearby lower high

Vowars DE ver.3.12.30

The line moves not only when price breaks it, but also whenever a bar’s high becomes the highest of the last 10 bars. That means it can drop below the old high. The line isn’t drawn on the bar where it switches, so it looks choppy when updates come in quick succession.

The 1H line moves when a bar’s high becomes the highest of the last 10 bars. In Figure ①, the last bar inside the bracket has the highest high of those 10. On that bar, the line that was sitting higher up ends where you see Figure ②, and it snaps to the nearby lower high, as in Figure ③.

This is the part most people get wrong at first. Resistance doesn’t only move when price breaks above it. Once the old high rolls out of the 10-bar window and a newer bar becomes the highest in that window, the line gets redrawn lower, too. That’s why, in a downtrend, the red line follows price down like a staircase.

One more thing: the line itself isn’t drawn on the bar where it switches. When price keeps printing new highs bar after bar, the red line looks broken up. That’s not a glitch, so don’t worry about it.

HTF lines are built from the candles on your chart

The 4H line moves when a new high prints across ten 4H bars

One 4H bar equals four 1H bars. The dotted lines mark the 4H boundaries.

The 4H line moves when a new high prints across ten 4H barsA 1H chart marking the boundaries of ten 4H bars and the moment the HTF resistance line switches to a new 4H high.4H line drawn from a high older than 10 barsNone of the previous nine 4H barsreach the next highIt becomes the 10-bar 4H highand the HTF line moves here

Vowars DE ver.3.12.30

Each 4H high is built up from the 1H highs inside its boundary. As soon as it tops all of the previous nine 4H bars, the HTF line moves to that high. Older highs are out of the running, no matter how high they are.

“Support Resistance MTF” doesn’t pull in separate higher-timeframe data. It groups the candles on your chart by higher-timeframe period, tracks the high and low inside each one, and calculates the HTF values itself.

The HTF line moves by the same logic as the current-timeframe line. With a 4H higher timeframe, once the forming 4H bar’s high clears all of the previous nine 4H bars in Figure ①, the HTF line jumps to that high, as in Figure ②. Any high older than 10 bars is out of the running, no matter how high it is.

I checked whether the 5m and 1H values match

I wanted to know whether building the higher timeframe this way really gives correct values, so I compared a 5m chart (HTF = 1H) and a 1H chart (HTF = 4H) at the same moment. The HTF support on the 5m chart and the support line on the 1H chart both read 82,775.94. In other words, the lowest low of the last 10 1H bars is picked up the same way from both charts.

A zone only shows while both lines stay put

The red zone is only filled when neither resistance line has changed from the previous bar. If even one of them switches, that bar isn’t filled, which leaves thin gaps in the zone.

The other case with no zone is when both lines land on the same value. When price runs all the way through the HTF high, the current-timeframe high and the HTF high become the same number, so the zone has zero width. That’s why the red zone vanished after Figure ③ in the first chart. No red zone during a strong rally is a sign that price keeps making new highs.

Which higher timeframe does “Auto” pick?

With Higher Time Frame left on the default “Auto,” the higher timeframe is chosen from your chart timeframe like this:

Chart timeframeHTF picked by Auto
1m, 3m15m
5m, 15m1H
30m, 45m2H
1H4H
2H, 3H, 4HDaily
DailyWeekly
WeeklyMonthly
Anything else (2m, 10m, 12H, Monthly, etc.)12M
Watch out when using Auto on the 12H and similar timeframes

On any timeframe not in the list, the higher timeframe becomes 12M. “Support Resistance MTF” only looks back about 4,000 bars on your chart when it scans for HTF highs and lows. Comparing ten 12M bars on a 12H chart means going back nine years, roughly 6,600 bars, which is out of range. In that case the HTF lines never update, and they can get stuck at a price of 0, making the chart look squashed vertically.

If that happens, switch Higher Time Frame manually to Weekly or Daily and it’s fixed. As a rule of thumb, pick a combination where (chart bars per HTF bar) × (Period − 1) stays under 4,000.

How I read the zones on a live chart

Now that the logic is clear, here’s how to actually read it on a chart. I check these three things, in this order.

1 See which zone price is closer to

In a range, price bounces between the red zone above and the green zone below. The basic read: near the red zone, upside tends to get heavy; near the green zone, start looking for the selling to dry up. Because each zone sits between levels from two timeframes, you can treat it as an area that both 1H and 4H traders are likely watching.

That said, price doesn’t always reverse once it tags a zone. A zone only marks where a reaction is likely, so I wait to see how the candles behave inside it (does a wick get rejected, or does a body push straight through?) before I make a call.

2 In a trend, watch only one edge of the zone

In a sustained uptrend the green zone stretches, so watch its top edge

A 1H example moving from a range into an uptrend (default settings).

In a sustained uptrend the green zone stretches, so watch its top edgeSupport Resistance MTF in an uptrend. The 4H support line stays far below while only the 1H support line ratchets up with each pullback.No red zone whilenew highs keep comingThe 4H support stays behindand the green zone gets tallThe 1H line resets at the pullback low,raising the top of the zone

Vowars DE ver.3.12.30

During a rally the lowest low of the last ten 4H bars rarely updates, so the bottom of the green zone stays far below. The more useful pullback reference is the top edge of the zone (the 1H support line), which resets at each pullback low.

Once a trend kicks in, the zones look completely different. In a sustained uptrend the HTF low rarely updates, so the bottom of the green zone gets left far below, as in Figure ①, and the zone stretches very tall. Treating that whole green zone as support is a stretch.

What you want is the top edge of the zone, the 1H support line. As in Figure ②, it ratchets up every time a pullback low forms, so it works as a buy-the-dip reference and a place to park your stop. The red zone on the other side barely shows up while price keeps making new highs, as in Figure ③.

On a daily chart, Support Resistance MTF leaves the weekly support line far below after a rally, so the green support zone stretches very wide.
On a daily chart, Support Resistance MTF leaves the weekly support line far below after a rally, so the green support zone stretches very wide.

The same thing happens on the daily. On a daily chart (HTF = Weekly), the green zone widened to about 20% of price after a rally. If you use it on the daily or higher, raise Transparency for Zones to lighten the zones so the candles stay readable.

3 When a wick breaks the line, confirm that it moved

When a wick breaks support, the line moves to the wick low

With the default setting (Source = High/Low), the tip of the wick becomes the line.

When a wick breaks support, the line moves to the wick lowIn a choppy market, a lower wick breaks the 1H support line and the line is redrawn at the wick low. The broken level disappears from the chart.Support before the breakA lower wick pierces supportThe close recovers, but the linemoves down to the wick low

Vowars DE ver.3.12.30

Even if the bar closes back above support, the new wick low becomes the support line. The pre-break level isn’t kept, so you have to judge from price action whether it was a fakeout.

This is the one to watch most closely. When a lower wick pokes through support, as in Figure ①, the line moves down to the wick low even if that bar closes back above, as in Figure ②. The broken level disappears from the chart, and there’s no record that it was support a moment ago.

That makes spotting fakeouts (price breaks a level, then snaps right back) a bit annoying. What I do is mark the pre-break level with a horizontal line from TradingView’s drawing tools and check for myself whether price closes back above it.

Best use by timeframe

On the 5m the higher timeframe is the 1H, so the zones are narrow and change often. That suits scalping and intraday traders hunting short pullbacks and bounces. I found the 1H (HTF = 4H) a good fit for day trading and the 4H (HTF = Daily) for swing trading, and the zones are easier to make sense of there.

Support Resistance MTF on a 5m chart. The 1H is picked automatically as the higher timeframe, producing tight resistance and support zones.
Support Resistance MTF on a 5m chart. The 1H is picked automatically as the higher timeframe, producing tight resistance and support zones.

Settings and how to tune them for your style

There are seven settings. With so few, each one has a clear, visible effect.

Parameters
SettingDefaultSuggestedEffect
SourceHigh/LowHigh/Low by default. Close/Open when long wicks are commonWhat the lines are drawn from. High/Low uses the highs and lows (wick tips); Close/Open uses the top and bottom of the candle bodies
Higher Time FrameAutoAuto by default. Set it manually on timeframes not in the Auto listThe higher timeframe. Manual options range from 15m to 12M
Period for Highest/Lowest Bars105–10 for short-term, 15–20 for swingHow many bars the highest high and lowest low are taken from. Applies to both the current timeframe and the HTF
Resistance ColorRedAny color you can see clearlyColor of the resistance lines and red zone
Support ColorLimeAny color you can see clearlyColor of the support lines and green zone
Transparency for Zones8080〜90Zone transparency. Higher values make the zones lighter
Extend LinesOffOn only when you need itExtends the latest four lines to the left edge of the chart

Choose Source based on whether wicks count as levels

With Source on Close/Open, lines are drawn at the candle bodies

Exactly the same candles as the previous chart, with only Source changed to Close/Open.

With Source on Close/Open, lines are drawn at the candle bodiesThe same price action as the previous chart, with Source set to Close/Open. Lines are drawn at the top and bottom of the candle bodies instead of the wick tips.Resistance is also drawn atthe top of the body, not the wickSupport sits at the bottom of the body(the lower of close and open)The same lower wick as beforedoesn’t move the line

Vowars DE ver.3.12.30

Resistance is set by the higher of the close and open, and support by the lower. The same lower wick doesn’t move the line, so on symbols or timeframes with prominent wicks the lines switch less often.

This chart uses the same price action as the wick-break example, with only Source switched to “Close/Open.” As Figure ① shows, support is drawn at the bottom of the body (the lower of the close and open), and in Figure ② the same lower wick doesn’t move the line. Resistance is likewise set by the top of the body, as in Figure ③.

On symbols that print lots of long wicks, or around news spikes that only last a moment, Close/Open keeps the lines from flipping around so much. If you want the actual highs and lows, wick tips included, stick with the default High/Low. Neither one is “right”; it comes down to whether you treat wicks as levels.

Lower Period for Highest/Lowest Bars catches nearer levels

Using the same candles as the first chart (Period 10), let’s compare Period 5 and Period 20.

At Period 5, lines snap to nearby highs and lows more readily

The same candles as the first chart, with only Period for Highest/Lowest Bars changed to 5.

At Period 5, lines snap to nearby highs and lows more readilyThe same price action as the first chart, with Period for Highest/Lowest Bars set to 5. The 1H lines are redrawn at nearby highs and lows more frequently.Support keeps switching tothe lowest low of the last 5 barsRight after the drop, resistancecomes down to the nearby lower high

Vowars DE ver.3.12.30

The highest (or lowest) bar within five bars changes quickly, so the lines hug price and the zones flicker on and off. A nearby lower high showing up as resistance right after a drop is typical of a short Period.

At Period 5, support keeps switching to the lowest low of the last five bars, as in Figure ①. After a drop, resistance quickly comes down to the nearby lower high, as in Figure ②, which is handy when you want to catch reactions fast. The trade-off is that the lines break up more often.

At Period 20, lines stay longer at more distant levels

The same candles as the first chart, with only Period for Highest/Lowest Bars changed to 20.

At Period 20, lines stay longer at more distant levelsThe same price action as the first chart, with Period for Highest/Lowest Bars set to 20. The 4H line is drawn at a much higher high, and the 1H lines move less.The 4H line sits at a distant highand the red zone stretches tallSupport stays put at a pullback lowthat moved the line at Period 10

Vowars DE ver.3.12.30

Looking back twenty 4H bars (80 bars on the 1H) makes the HTF line point at a distant high. The 1H lines also switch less, ignoring minor pullback lows inside the range.

Period 20 flips the behavior. The HTF line now looks back twenty 4H bars (80 bars on the 1H), so it points at a much higher high and the red zone stretches tall, as in Figure ①. At the pullback low in Figure ②, the line would have moved at Period 10, but at Period 20 it stays put.

From my testing, 5–10 is for spotting the levels right in front of you, and 15–20 is for finding levels the market has respected again and again. For day trading, start from the default 10 and nudge it up if the lines feel too jumpy. For swing trading, when you want levels that stay relevant for a long time, 15–20 is worth a try. If you push it very high, the HTF lines drift far from price and the zones tend to cover the chart, so raise Transparency for Zones along with it.

Picking Higher Time Frame manually

Auto picks a higher timeframe roughly 4 to 15 times longer than your chart timeframe. If you want something further out, set it manually. For example, to see daily levels on a 1H chart, choose “D.” As the warning box above explains, though, depending on how many chart bars fit into one HTF bar and your Period setting, the HTF lines may stop updating. Extreme pairings like a 1m chart with a daily HTF are best avoided.

Use Extend Lines to compare current levels with past price action

With Extend Lines on, the latest four lines reach the left edge

The same candles as the first chart, with only Extend Lines turned on.

With Extend Lines on, the latest four lines reach the left edgeExtend Lines turned on. The 1H and 4H resistance and support values from the last bar are extended to the left edge of the chart as horizontal lines.The latest 1H resistance lineextends flat to the left edgeThe 4H resistance line is extended tooBoth support lines share a value,so they overlap as one

Vowars DE ver.3.12.30

What gets extended are the four values as of the most recent bar. Past lines aren’t carried forward; the extensions are redrawn on every new bar. Use them to see where the current levels mattered in past price action.

Turn on Extend Lines and the four lines from the most recent bar extend all the way to the left edge of the chart. Figure ① is the 1H resistance line and Figure ② is the 4H resistance line. The two support lines share the same value, so they overlap into one, as in Figure ③.

These extended lines aren’t old lines carried forward. They’re just today’s values projected to the left. They get redrawn on every new bar, so the lines running across past bars move along with them. I think they work best as a quick check on whether the current level also stopped price in the past.

Example setups by trading style

StyleChart timeframeHigher Time FramePeriod for Highest/Lowest BarsNotes
Scalping1m–5mAuto (15m / 1H)5–10Lines switch fast. Wait for a reaction instead of entering the moment price tags a zone
Day trading15m–1HAuto (1H / 4H)10Works well straight out of the box
Swing trading4H–DailyAuto (Daily / Weekly)10–20Zones tend to get wide, so set transparency to 85–90

Add RSI to judge whether the selling has stopped

Adding RSI below makes it easier to tell if support is holding

An example pairing Support Resistance MTF (default settings) with TradingView’s built-in RSI (14).

Adding RSI below makes it easier to tell if support is holdingSupport Resistance MTF and RSI(14) on the same chart. While new lows keep pushing the support line down, RSI stays below 30; once RSI crosses back above 30, the support line stops updating.RSI(14)Each new low dragsthe support line downMeanwhile, RSI stays below 30Soon after RSI crosses above 30,support stops stepping down

Vowars DE ver.3.12.30

The support line is redrawn lower with every new low, so the line alone can’t tell you when the selling stops. Treat the spot where RSI crosses above 30 and the support line stops stepping down as a bounce candidate, and you have two pieces of evidence instead of one.

The support line in “Support Resistance MTF” gets redrawn lower every time price makes a new low. As Figure ① shows, the line falls right along with price during a selloff, so the line alone can’t tell you where the drop will stop.

That’s where TradingView’s built-in RSI pairs nicely. As Figure ② shows, RSI stays below 30 the whole time the line keeps dropping. Shortly after RSI crosses back above 30 in Figure ③, the support line stops stepping down. Treat the spot where RSI recovers from oversold and the support line stops moving as a bounce candidate, and you have one more piece of confluence than the zone alone.

A couple of other pairings worth considering:

  • Volume: Check whether volume picks up on the bar that breaks a zone. It makes it easier to tell a real breakout from a wick that just tested the level.
  • Moving average (200-period, etc.): Use it to decide which zone matters. If price is above the long-term MA, focus on the green zones; if it’s below, focus on the red ones.

What I liked and what to watch out for

What I liked

  • See current-timeframe and HTF levels on one chart without switching timeframes
  • HTF values are built from your chart’s bars, so lines and zones on confirmed bars never repaint
  • The rules are simple enough that you can always explain why a line is where it is
  • Source and Period alone let you tune it for nearby or more distant levels

What to watch out for

  • Only the latest lines are shown; broken levels aren’t kept
  • In a trend, the zone behind price stretches tall and is hard to read as one level
  • Lines move with every new high or low, so it won’t tell you whether a breakout held
  • With some chart/HTF combinations, the HTF lines can stay stuck at a price of 0

Does it repaint? Live bars and alerts

Lines and zones on confirmed bars don’t repaint. The HTF values are simply built up bar by bar from your chart, with no data from future bars. Where you see a zone on historical bars is exactly where it would have appeared in real time.

The live, still-forming bar is a different story. If it prints a new high or low before the bar closes, the line moves on the spot and the zone can disappear and reappear. Most indicators behave this way, but if you jump in the moment price touches a zone, you may find the line has already moved by bar close.

The one exception is Extend Lines: as mentioned above, the extended lines are redrawn on every bar. Keep in mind that an extended line running across past bars is not where the line actually was at that time.

About alerts and Bar Replay

“Support Resistance MTF” has no built-in alert conditions. TradingView does let you create alerts on indicator plots, though, so in the Create Alert dialog you can set a condition such as price crossing one of the lines. The lines don’t have names, so double-check which one you’ve selected.

If you want to see how the lines actually evolve, step through the chart one bar at a time with Bar Replay. How far back you can go depends on your plan and timeframe (as of 2026/10/12).

Don’t trade off the zones alone

The zones mark places where a reaction is likely; they aren’t buy or sell signals. Price may bounce inside a zone or slice right through it. Build your entry case with price action and other indicators, and decide where your stop goes before you get in.

A first draft of your levels, worth keeping on your main chart

“Support Resistance MTF” isn’t a flashy indicator. But because it picks up the highs and lows of two timeframes by the same rules every time and turns the space between them into zones, I found it a really handy first draft before drawing my own horizontal lines.

It’s best suited to day and swing traders looking for range highs and lows on the 1H or 4H. Keep two things in mind, watch only one edge of the zone during a trend and remember the line moves when a wick breaks it, and you’ll rarely misread it. Start with the default settings and follow a few bars to see where the lines get redrawn. Once you’re comfortable, play with Period for Highest/Lowest Bars and Source to find the level distance that fits your trading.

Sources: For this article we tested an indicator built by LonesomeTheBlue on the charting platform TradingView, then analyzed it in depth before publishing.

Disclaimer: This article is for informational purposes only and isn't investment advice or a recommendation to buy or sell. All investment decisions are your own.

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YUZURU
AuthorYUZURUFounder & Reviewer, Vowars
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An editor for content sites at a web agency, I started trading crypto in 2018. Working my way from spot to futures got me hooked on chart analysis, and I now build my own custom indicators on TradingView. On Vowars, I test TradingView indicators one by one on my own charts and review everything from the math behind them to how to use them and where they fall short, with custom visuals throughout.…

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Fibonacci Trend Continuation Signals [AlgoAlpha]

Measure Pullback Depth Inside a Trend With “Fibonacci Trend Continuation Signals”

"Fibonacci Trend Continuation Signals" is a free TradingView indicator that automatically draws a Fibonacci range in the direction of the trend and prints a continuation signal the moment price starts moving again after a pullback or bounce. It gives you an objective read on pullback depth.

DifficultyIntermediate

Smart Trader, Episode 06, Isotropic Trend Lines

“Isotropic Trend Lines” Review: σ-Scaled Trend Angles and a Six-Timeframe Vote Tested on Live Charts

Isotropic Trend Lines puts price on a log scale and divides it by volatility (σ), giving you a trend angle that doesn't change with chart scaling. Direction, strength and position inside the channel all show on one screen. Just note that the angle only appears once you turn on Show Angle Label.

DifficultyIntermediate

Strong Burst Fader

Touching the Band Isn’t Enough — “Strong Burst Fader” Measures the Depth of the Stretch

"Strong Burst Fader" is a counter-trend indicator that measures how far a wick pokes beyond a moving average ± ATR band and shows that depth as the height and color of a diamond stack. The taller and redder the stack, the more overextended the move, and you can read it without adding a single line to your chart.

DifficultyIntermediate

Divergence for Many Indicators v4

Divergence for Many Indicators v4 : How to Read Divergence Across 10 Indicators in One Label

"Divergence for Many Indicators v4" is a TradingView indicator that detects divergence across 10 indicators, including RSI and MACD, and shows how many line up in a single label. Signals come early, but only the last one survives within the same swing. It works best once you've defined market direction.

DifficultyIntermediate

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