Support & Resistance [KTY]

[KTY] Support & Resistance

Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)

Automatically detects and displays key support and resistance levels based on recent pivot highs and lows.

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📊 FEATURES

- Auto-Detection
- Scans recent price action for pivot highs/lows
- Displays up to 3 resistance levels (red)
- Displays up to 3 support levels (green)

- Price Labels
- Shows exact price at each S/R level
- Clean visual reference

- Alert System
- Resistance touch alert
- Support touch alert

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✅ HOW TO USE

- Bounce near support → Higher chance of upward move
- Rejection near resistance → Higher chance of downward move
- S/R Flip: Broken support may act as resistance, broken resistance may act as support
- Combine with other indicators for higher reliability

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💡 TIPS

- Higher timeframe S/R levels are more reliable
- Watch for multiple rejections at same level
- Volume confirmation increases reliability
- Use with trendlines or moving averages

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⚠️ DISCLAIMER

This indicator is for educational purposes only.
Not financial advice. Always do your own research.