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
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