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Support & Resistance [KTY]

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[KTY] Support & Resistance

Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)

Automatically detects and displays key support and resistance levels based on recent pivot highs and lows.

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📊 FEATURES

- Auto-Detection
- Scans recent price action for pivot highs/lows
- Displays up to 3 resistance levels (red)
- Displays up to 3 support levels (green)

- Price Labels
- Shows exact price at each S/R level
- Clean visual reference

- Alert System
- Resistance touch alert
- Support touch alert

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✅ HOW TO USE

- Bounce near support → Higher chance of upward move
- Rejection near resistance → Higher chance of downward move
- S/R Flip: Broken support may act as resistance, broken resistance may act as support
- Combine with other indicators for higher reliability

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💡 TIPS

- Higher timeframe S/R levels are more reliable
- Watch for multiple rejections at same level
- Volume confirmation increases reliability
- Use with trendlines or moving averages

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⚠️ DISCLAIMER

This indicator is for educational purposes only.
Not financial advice. Always do your own research.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.