Multi-Timeframe S&R V1

The Multi-Timeframe S&R V1 is a clean and powerful technical indicator designed to visualize key Support and Resistance (S&R) levels from multiple timeframes directly on your chart.
Instead of drawing lines manually, this tool automates the process by plotting critical levels from the previous day, week, and month.

This indicator is ideal for traders focusing on Price Action, Market Structure (HH/HL), or Mean Reversion strategies.

Key Features:

Daily Levels (D): Displays yesterday's High and Low, along with the current Daily Open. Essential for intraday trading and identifying the daily bias.

Weekly Levels (W): Plots the High and Low from the previous week. These often act as major psychological levels where significant price reactions occur.

Monthly Levels (M): Shows the High and Low of the previous month for a macro perspective on the market.

Dynamic Labels: Each level is clearly labeled on the right side of the chart (e.g., "D-high", "W-low", "M-high") for instant identification.

Fully Customizable: Toggle the visibility of each timeframe (D, W, M) independently via the settings to keep your chart clean and focused.

Visual Hierarchy: Lines are distinguished by varying thicknesses and colors, allowing you to assess the importance of a level at a single glance.

How to Use:
Support & Resistance: Use these lines as potential bounce or breakout zones.

Trend Confirmation: Combine these levels with your own Market Structure analysis (Higher Highs / Higher Lows).

Targeting: Utilize weekly or monthly extremes as Take Profit targets or Stop Loss reference points.