Smart SR Levels is a cTrader indicator that automates price action analysis by identifying and displaying stable, time-anchored Support and Resistance zones. It detects key pivot points and draws dynamic zones that adapt in real-time to market breakouts, switching colors (green for support, red for resistance) to visually confirm potential trade setups. Designed for price action traders, it highlights institutional price reaction zones, helping users focus on execution rather than manual analysis.
Key features include:
- Visual clarity with clear identification of buyer and seller zones.
- A "Pivot Strength" filter that reduces market noise by showing only significant levels.
- No repainting, ensuring that displayed zones reflect actual historical price action.
- Full customization options for colors, transparency, and look-back periods.
- Automatic deletion of outdated zones to maintain chart performance.
- Support for break and retest trading strategies by signaling zone flips after breakouts.
The indicator supports multiple markets including Forex, indices, commodities, stocks, and cryptocurrencies, with tags referencing popular symbols like BTCUSD, EURUSD, GBPUSD, XAUUSD, NAS100, and USDJPY. It provides a clean, professional user interface optimized for efficient technical analysis.