Support and Resistance Levels with Breaks Elysium
- Utilitários
- Versão: 1.0
MORE FREE TOOLS ON THE WAY - LEAVE A REVIEW AND I WILL SEND THEM TO YOU FIRST.
I am building a set of these and publishing them free. Supply and demand zones, structure tools, risk utilities - all free, all on this profile.
Leave a review on this one and message me, and I will send you each new tool the day it is ready, before it goes on the Market.
Reviews are the only way a free tool gets found here, so it genuinely helps - and it takes thirty seconds.
Elysium Support and Resistance draws the levels that actually matter, scores them, and then keeps count of what happened at them.
HOW A LEVEL IS FOUND
A level is a confirmed pivot - a high or low that stayed the highest or lowest for a set number of bars on each side. Because the confirmation only completes after those bars have passed, a level never appears and then vanishes. It does not repaint.
A new pivot close to an existing level counts as another touch of it rather than a new line. So the number beside each level is real: how many times price has come back to it.
SCORED BY TOUCHES AND BY VOLUME
Each live level carries its touch count and the volume multiple on the pivot that created it. A level formed on twice the average volume is not the same as one formed on a quiet afternoon, and the label says which is which.
BREAKS THAT MEAN SOMETHING
A break needs a real body through the level, not a wick, and it needs rising volume - measured with a volume oscillator you can set or switch off. A candle that poked through and closed back is marked as a rejection instead, because that is what it was.
When a level breaks it is kept on the chart as a dashed line in its new role. The first time price returns and holds there, an R is printed. Old levels stay as history segments so you can see what the chart has been respecting.
THE NUMBER NOBODY ELSE SHOWS YOU
The panel counts, on your chart and your timeframe, how many breaks actually held - price closed through and did not come straight back within ten bars.
It is not a win rate and it is not a promise. On the instruments I tested it ranges from about a third to about four fifths depending on the pair and the timeframe. You should see that number before you trade the break, not after.
The panel also shows the nearest support and resistance with the distance to each in percent, their touch counts, the last broken level and whether it has been retested, and how many rejections have been marked.
SETTINGS
Pivot strength each side, how close counts as the same level, whether to keep past levels, line width, the volume threshold for a valid break, whether a real body is required, rejection and retest marks, and the previous day high and low. Every colour, the panel corner, margins and font size are adjustable, and the panel can be switched off.
Works on every symbol and every timeframe. No DLL calls. Nothing is sent anywhere.
This is a chart tool. It marks levels and counts what happened at them. It does not generate trading signals and it does not tell you when to buy or sell.
FREE, AND STAYING FREE.
Found a bug or want something added? Message me. I answer, and I ship updates.
