Support and Resistance Levels with Breaks

Support and Resistance Levels with Breaks draws pivot-based levels of support and resistance and tags the moment price breaks one, but only when the move carries weight. A built-in Volume Oscillator screens each breach, filtering out low-participation pokes so the chart highlights breakout volume worth taking seriously. Candle wicks add a second read: breaks arriving on prominent wicks receive a bull or bear wick tag that hints at the character of the move.

How to Trade the Support and Resistance Levels with Breaks?

• Tagged break above resistance: price clearing a pivot level with the volume filter satisfied marks a break the market genuinely backed.
• Tagged break below support: the same logic in reverse, a volume-backed breach of a pivot low.
• Bull or Bear Wick labels: wick length at the break distinguishes bullish from bearish conditions, one more clue about momentum.
• Silent breaks: a level that gives way without a tag failed the volume test; the indicator deliberately leaves such moves unmarked.

Not every break deserves attention: plenty of levels fail quietly and reverse. By insisting on volume, the tool keeps your focus on breaks that reflect real participation and declutters the chart in the process.

Support and Resistance Levels with Breaks Settings

• Left Bars: the number of bars to the left of the pivot, setting the historical context of each level.
• Right Bars: the number of bars evaluated to the right of the pivot.
• Volume Threshold: the volume threshold percentage a break must exceed before it earns a signal.

Frequently Asked Questions

Why did a break happen with no signal?

Is there a version with more signal types?

What does it cost to use this indicator?