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Support and Resistance Lite
"Support and Resistance Lite" logo
02/11/2025
126
Desktop
"Support and Resistance Lite" uploaded image"Support and Resistance Lite" uploaded image

🎱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.

🚀 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 

🟢 🎱 🔴 🎱 🟢 🎱 🔴 🎱 🟢 🎱 🔴 🎱 🟢 🎱 🔴

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