Support and Resistance Signals MTF
By LuxAlgoAug 25, 2023
Support and Resistance Signals MTF turns support and resistance zones into a live event feed. It locates swing highs and lows, builds zones around them, then stamps the chart with the four ways price meets a level: breakouts, tests, retests, and rejections. A Detection Timeframe input brings higher-timeframe structure onto the chart you actually trade, and an optional Sentiment Profile with bullish and bearish nodes adds a read on the pressure around each zone.
How to Trade the Support and Resistance Signals MTF?
- Breakouts (non-repainting): price extends beyond a level; the signal carries the bar's volume so you can judge how much force was behind the break.
- Retests: after a breakout, price comes back to the level it broke — a classic decision point for entries and exits.
- Tests: price touches a zone and holds, evidence of the level's durability.
- Rejections: pin-bar patterns on elevated volume, often marking reversals or trend continuation at the zone.
Each event is one of the standard level interaction reads, and running detection on a higher timeframe surfaces the levels that matter beyond your chart's own resolution.
Support and Resistance Signals MTF Settings
- Detection Timeframe: the resolution used to find swings, allowing higher-timeframe levels on the current chart.
- Detection Length: sets the swing levels detection length.
- Check Previous Historical S&R Level: folds prior historical levels into the analysis.
- Per-signal options style Breakouts, Tests, Retests, and Rejections (visibility, color, size), and the Sentiment Profile has display and node color controls of its own.
Frequently Asked Questions
How is this different from Levels with Breaks?
Support and Resistance Levels with Breaks filters breaks through a volume oscillator and stops there. This successor reports the break bar's volume rather than filtering by it, and widens the signal set to tests, retests, and rejections — all with multi-timeframe detection.
Do the breakout signals repaint?
No. Breakouts are marked on a non-repainting basis, and each carries the volume of the relevant bar so the significance of the move can be weighed as it happens.
Where can I get the indicator?
It's free on the LuxAlgo Library. From this page you can also load it into Quant, LuxAlgo's AI, and review how past signals lined up with the levels on your symbol.
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