OPEN-SOURCE SCRIPT
Universal S/R Pro

🚀 Universal Support-Resistance & Zone Scalper
Overview
This is a Multi-Asset Technical Indicator designed to identify high-probability price levels based on natural market volatility. It automatically calculates and plots critical Support, Resistance, and No-Trade Zones, making it an essential tool for traders who want to eliminate manual charting errors.
Whether you are trading Options, Stocks, Crypto, or Forex, this script utilizes ATR (Average True Range) dynamics to ensure that labels and levels remain perfectly scaled, regardless of the asset's price.
✨ Key Features
🔴 Smart Resistance (Red Line): Detects recent price ceilings to define breakout levels. It provides a clear "BUY ABOVE" reference point.
🟢 Dynamic Support (Green Line): Identifies recent price floors to pinpoint breakdown zones with a clear "SELL BELOW" reference.
🔵 Automatic No-Trade Zone: Visualizes the "choppy" area between levels. A blue label warns you to stay sidelined during sideways movement to avoid overtrading.
🎯 Automated Targets: Features built-in target projections based on volatility, providing clear exit points on your chart.
🚫 Anti-Overlap Engine: Includes advanced logic to prevent label clutter. It works perfectly on low-priced Options (₹10-₹100) and high-priced Indices (Nifty/BankNifty/Gold) without labels overlapping each other.
⏱️ Best Timeframes for Optimal Results
While the script is universal, the following timeframes are recommended for the highest accuracy:
Intraday Trading (Options/Stocks): 5-Minute and 15-Minute charts.
Scalping: 1-Minute or 3-Minute (Best for high-volatility assets like Gold or Crypto).
Swing Trading: 1-Hour or Daily charts to identify macro supply and demand zones.
⚙️ How It Works
Entry Strategy: When the price closes a candle above the Red Line, a long position can be considered toward Target 1. Conversely, a close below the Green Line suggests a short setup.
Neutral Zone: As long as the price fluctuates between the labels, the market is in a "Wait & Watch" phase.
Customization: Users can adjust the Lookback Period for trend sensitivity and the ATR Multiplier to fine-tune label spacing for different screen resolutions.
⚠️ Disclaimer
Trading involves significant risk. This indicator is for educational and assistance purposes only. Past performance does not guarantee future results. Always use proper stop-loss and risk management protocols before entering any trade.
Overview
This is a Multi-Asset Technical Indicator designed to identify high-probability price levels based on natural market volatility. It automatically calculates and plots critical Support, Resistance, and No-Trade Zones, making it an essential tool for traders who want to eliminate manual charting errors.
Whether you are trading Options, Stocks, Crypto, or Forex, this script utilizes ATR (Average True Range) dynamics to ensure that labels and levels remain perfectly scaled, regardless of the asset's price.
✨ Key Features
🔴 Smart Resistance (Red Line): Detects recent price ceilings to define breakout levels. It provides a clear "BUY ABOVE" reference point.
🟢 Dynamic Support (Green Line): Identifies recent price floors to pinpoint breakdown zones with a clear "SELL BELOW" reference.
🔵 Automatic No-Trade Zone: Visualizes the "choppy" area between levels. A blue label warns you to stay sidelined during sideways movement to avoid overtrading.
🎯 Automated Targets: Features built-in target projections based on volatility, providing clear exit points on your chart.
🚫 Anti-Overlap Engine: Includes advanced logic to prevent label clutter. It works perfectly on low-priced Options (₹10-₹100) and high-priced Indices (Nifty/BankNifty/Gold) without labels overlapping each other.
⏱️ Best Timeframes for Optimal Results
While the script is universal, the following timeframes are recommended for the highest accuracy:
Intraday Trading (Options/Stocks): 5-Minute and 15-Minute charts.
Scalping: 1-Minute or 3-Minute (Best for high-volatility assets like Gold or Crypto).
Swing Trading: 1-Hour or Daily charts to identify macro supply and demand zones.
⚙️ How It Works
Entry Strategy: When the price closes a candle above the Red Line, a long position can be considered toward Target 1. Conversely, a close below the Green Line suggests a short setup.
Neutral Zone: As long as the price fluctuates between the labels, the market is in a "Wait & Watch" phase.
Customization: Users can adjust the Lookback Period for trend sensitivity and the ATR Multiplier to fine-tune label spacing for different screen resolutions.
⚠️ Disclaimer
Trading involves significant risk. This indicator is for educational and assistance purposes only. Past performance does not guarantee future results. Always use proper stop-loss and risk management protocols before entering any trade.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.