HTF Flip Close Levels, Daily Weekly Monthly TAS

HTF Flip Close Levels (D/W/M) — Support & Resistance Tool

This indicator automatically plots Daily, Weekly, and Monthly support & resistance levels based on higher-timeframe candle close behaviour.

🔹 What this tool does

The script detects HTF momentum flips using closed candles only:

Support is created when:

A red candle is followed by a green candle

The level is drawn at the close of the red candle

Resistance is created when:

A green candle is followed by a red candle

The level is drawn at the close of the green candle

This creates objective, rule-based horizontal levels derived purely from price behavior, not indicators.

🔹 Features

✅ Plots Daily, Weekly, and Monthly levels simultaneously

✅ Works on any timeframe (1m, 5m, 1H, Daily, Weekly, etc.)

✅ Keeps full historical levels, not just the most recent ones

✅ Optional auto-hide tapped levels (when price touches them)

✅ Tap detection:

Wick touch

or Close cross/touch

✅ Levels are always based on HTF candle closes, never wicks

✅ Designed to stay consistent across timeframe changes

🔹 How to use it (IMPORTANT)

This indicator:

❌ Does NOT predict market direction

❌ Does NOT generate buy/sell signals

❌ Does NOT tell you when to enter or exit

It is a context & confluence tool.

You should use these levels together with:

Market structure

Trend analysis

Volume / orderflow / CVD

Your own entry model

Your own risk management

Think of these levels as areas of interest, not automatic trade signals.

🔹 Best use cases

Confluence with:

Local support/resistance

VWAP / Anchored VWAP

Range highs/lows

Liquidity zones

Reversal or continuation patterns

Identifying:

HTF reaction zones

Decision points

Areas where other traders are likely watching

⚠️ Disclaimer

This indicator is a technical analysis tool only.

It is NOT financial advice.
It does NOT guarantee profits.
All trading decisions and risk are your responsibility.

Use it as part of a complete trading system, not as a standalone strategy.