Support and Resistance MTF Pro is an advanced indicator designed to identify and rank significant market support and resistance zones using multi-timeframe (MTF) analysis. It automatically detects swing pivot highs and lows, clusters nearby extremes into zones, and ranks these zones by touch count and weighted strength with decay and expiry, providing a dynamic measure of level significance. The indicator overlays higher timeframe zones onto lower timeframe charts for enhanced context without manual markup.
Key features include a Swing-to-Zone engine with ATR-scaled merge tolerance, Pro labels displaying exact level prices, distances in pips and approximate ATR, touch counts, and live status indicators (break, retest, flip, touch). Nearest support and resistance bands are highlighted using ATR or fixed half-widths, focusing attention on the most relevant zones. The tool supports FX-accurate distance calculations referencing bid or ask prices and optimizes performance by recalculating higher timeframe swings only on bar close with automatic chart object cleanup.
Designed for markets including Forex, Crypto, and indices such as BTCUSD, EURUSD, XAUUSD, and NAS100, this indicator aims to reduce chart clutter by filtering weaker zones and improving decision speed and risk management through clear visual cues and a compact HUD showing current mode and distances to key levels.