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Trading product for Support and Resistance Lite Indicator BTCUSD Forex, image 2
Trading product for Support and Resistance Lite Indicator BTCUSD Forex, image 3
Since 13/08/2025

Description

🎱Support and Resistance Lite a minimalist support/resistance indicator that builds real market levels from swing (pivot) highs/lows.

Swing-based S/R that finds real levels from pivots, merges nearby extremes, and keeps only the strongest ones - showing up to N levels per side. Optional ATR half-bands highlight the nearest Support & Resistance (only), while a compact HUD shows mode and the exact distance to the closest levels in pips and ~ATR.

πŸš€ Why traders pick it

  • Levels come from actual price swings, not fixed formulas.
  • Clean chart: only the best levels above/below price, no clutter.
  • Optional Bands on the nearest S & R only (semi-transparent, ATR-scaled).
  • Simple, practical inputs: Pivot Length preset, Lookback Bars, per-side limit, colors, HUD color.
  • No flicker drawing logic; lines and zones update smoothly.

⚑ Quick Preset Tips

  • Scalp/Intraday: Normal, Lookback 600–1000, Bands ON, ATR Factor 1.0–1.3.
  • Cleaner/Slower: Clean, Lookback 500–800.
  • More detail: Detailed, Lookback 800–1200.

✨ Want higher-TF confluence, touch weighting (decay/expiry), nearest entry bands, Bid/Ask distance, Pro labels (pips & ~ATR) and live states (break/retest/flip/touch)? Upgrade to Pro.
Find Pro version here 

Explore more resources and a detailed FAQ on the AlgoXP 

🟒 🎱 πŸ”΄ 🎱 🟒 🎱 πŸ”΄ 🎱 🟒 🎱 πŸ”΄ 🎱 🟒 🎱 πŸ”΄

Summary

AI summary
Support and Resistance Lite is a minimalist trading indicator that identifies key market support and resistance levels based on real price swings (pivot highs and lows). It consolidates nearby pivot extremes and displays only the strongest levels, with a configurable maximum number of levels shown above and below the current price. The indicator optionally includes ATR-powered half-bands that highlight the nearest support and resistance zones, scaled by average true range for volatility context. A compact heads-up display (HUD) provides the current mode and precise distance to the closest levels in pips and approximate ATR units. Designed for clarity, it avoids chart clutter by showing only the most relevant levels and updates smoothly without flickering. Users can adjust inputs such as pivot length, lookback bars, per-side level limits, colors, and HUD appearance. The indicator supports multiple markets including Forex, indices, commodities, stocks, and cryptocurrencies, with tags referencing popular symbols like BTCUSD, EURUSD, GBPUSD, XAUUSD, and NAS100. Preset configurations cater to different trading styles such as scalping, intraday, or slower analysis. An upgraded Pro version offers additional features like multi-timeframe confluence, entry bands, bid/ask distance, and live state labels.

Discussion

Customer reviews

4.0
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Customer reviews
December 4, 2025
Support & Resistance Lite gives clean auto-plotted levels based on recent swing highs and lows. Lightweight, fast, and perfect for quick structure analysis. Works great on higher timeframes; on lower TFs may need filtering. Alerts and zone-mode would make it even better.

FAQ

BTCUSD
Forex
Indices
EURUSD
Commodities
GBPUSD
NZDUSD
Prop
Crypto
Stocks
XAUUSD
NAS100
ATR
USDJPY
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+4
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+13
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+2
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+5
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+2
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+11
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Price