Dynamic 21 SMA Zone S/R (Weekly and 2-Day)

This custom indicator creates a dynamic support and resistance zone based on the 21-period Simple Moving Average (SMA) from the weekly timeframe and the 21-period SMA from the 2-day timeframe. The zone is visible and functional across all chart timeframes, adapting seamlessly to provide multi-timeframe insights.

Color Logic:

Green: When the current price is fully above the upper boundary of the zone, indicating potential bullish strength or a support level.

Gray: When the price is fully below the lower boundary, signaling potential bearish pressure or a resistance level.

Light Blue: When the price is within the zone (between the two SMAs), representing a neutral "no man's land" where the market is indecisive.

As the two SMAs converge or diverge, the zone naturally thins or widens, visually reflecting changes in market momentum—such as a thinning green zone during a potential reversal. Ideal for higher-timeframe swing trading to identify key levels, this indicator is also useful on lower timeframes for gauging the relative position of these SMAs, helping traders align short-term moves with broader trends.