Crypto Pastor SR - LITE

Support & Resistance - Lite (SR Lite) is a clean, powerful, and lightweight indicator designed to automatically identify and draw the most significant support and resistance zones on your chart.
This tool is built for traders who rely on key price levels but want to avoid the clutter of complex indicators. It does the hard work of finding historical price turning points and intelligently clustering them into strong, actionable zones, allowing you to focus on your strategy.
This "Lite" version contains the complete, powerful S/R detection engine, ideal for traders who want a clean chart focused purely on key levels without the trade setup features (Entry/Stop Loss/Take Profit) of the Pro version.

How It Works

The indicator's logic is both sophisticated and intuitive:

• Dynamic Pivot Detection: It constantly scans the chart for the most recent and relevant Pivot Highs and Pivot Lows. These are the fundamental building blocks of price structure.
  
• Intelligent Zone Clustering: Instead of just drawing a line at every pivot, SR Lite groups multiple nearby pivot points into a single, cohesive zone. This technique reveals areas where price has repeatedly reacted, making them much more significant than a single point.
  
• Strength-Based Filtering: Not all zones are created equal. A zone's "strength" is determined by how many pivots it contains. The indicator filters out weak, unreliable zones and only displays those that meet a minimum strength requirement, removing noise from your chart.
  
• Clean & Automated Charting: The strongest zones are automatically drawn and extended into the future. As new price action unfolds, the zones dynamically update to reflect the most current market structure.
  

Features & Visuals

• Support & Resistance Zones: These are the primary visual element, drawn as transparent boxes.
  
• Green Zones: Indicate Support levels currently below the price.
  
• Red Zones: Indicate Resistance levels currently above the price.
  
• Price Labels: Each zone is accompanied by a clean text label on the right-hand side of the chart, showing:
  
• The Timeframe the zone was identified on (e.g., "4H").
  
• The exact Price Level of the zone's midpoint (e.g., "108697").
  
• Built-in Alerts: Create alerts to be notified immediately when a key level is broken.