Multi-Timeframe Support and Resistance Zones from Volume-Filtered Fractals
Summary
This indicator plots support and resistance levels and zones derived from fractal highs and lows, with volume conditions used to filter candidate pivots. It can display several timeframes at once, including chart, intraday, daily, weekly, and longer periods. Users can choose lines or shaded zones, adjust styling and extensions, limit the number of historical zones, and enable alerts for zone entry, tests, breaks, or newly detected levels.
The document mainly describes the indicator’s construction and configuration options rather than a complete trading strategy. It gives no backtest results or statistical evidence that volume-filtered fractals produce reliable support or resistance. Pivot-based levels may depend on confirmation after the turning point, and the description does not establish alert timing, execution rules, or how to manage risk around a level. The zones should be treated as chart references whose usefulness depends on the instrument, timeframe, and independently tested rules.
Key ideas
- Fractal highs and lows provide candidate resistance and support levels, with volume conditions used as a filter.
- The indicator can display levels and zones from multiple selected timeframes.
- Zones can be extended, styled, labeled, and limited to control chart display.
- Alerts can flag price entering or breaking a zone and the detection of new levels.
- No performance evidence or full trading rules are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.