Support/Resistance Zones x3 — Indicator by Lij_MC

trendanalysis support resistances high low close extension extensions

Support and Resistance Levels + Zones for 3 time frames, based on volume at fractal levels with Zones based on wick size which is a true reflection of a Zone when compared to other S/R Zone scripts which only use a thick line not based on anything.
Original script is thanks to synapticex I have just migrated to version 3, heavily modified it and added Support and Resistance Zones.

Release Notes:

Migrated to version 4
Modified S/R Zones so that it has option to show the true Zone or the Expanded Zone and not just the Expanded Zone as before
Added Daily and Weekly High Low Close Extensions

Release Notes:

Added Alerts and Monthly High Low Close Extensions
Removed Expanded Zones

Release Notes:

Added option to display S/R as Lines and Adjusted Thickness of Lines
Added more Alerts

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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