Description
WeTrades Support & Resistance Breaks
WeTrades Support & Resistance Breaks is a structure-based indicator designed to automatically identify key support and resistance levels and highlight high-probability breakout signals using volume-driven confirmation.
Key Features
Automatic S/R Detection
Identifies pivot-based support and resistance levels using customizable left/right bar sensitivity.
Dynamic Horizontal Rays
Draws clean, TradingView-style horizontal levels that extend in real time until broken.
Breakout Signals with Volume Filter
Highlights bullish and bearish breakouts only when supported by strong volume conditions.
Wick Rejection Signals
Detects false breakouts using wick-based rejection logic โ ideal for liquidity trap setups.
Smart Volume Oscillator
Uses EMA-based volume comparison to filter weak moves and focus on high-quality signals.
Customizable Controls
- Pivot sensitivity (Left/Right bars)
- Volume threshold
- Break signal toggle
- Ray thickness and visibility
How It Helps You Trade
- Identify strong support and resistance levels automatically
- Filter false breakouts vs real momentum moves
- Spot liquidity grabs using wick signals
- Improve entry timing on break & retest setups
- Trade with clear, objective structure
Best Use Cases
- Breakout trading strategies
- Smart Money Concepts (SMC)
- Support & resistance trading
- Liquidity-based entries
Parameters
- Left Bars / Right Bars โ Controls pivot strength
- Volume Threshold โ Filters weak breakouts
- Show Breaks โ Enable/disable signals
- Show S/R Rays โ Toggle level visibility
