Auto Support & Resistance Levels — Quick Start Guide
A beginner-friendly guide to get clean levels on your chart fast, then dial them to your market and style.
What it does
This indicator scans 1-hour and 4-hour swing points and clusters them into support (teal) and resistance (red) lines. The more times price has reacted near a line, the stronger it tends to be. Labels show touch counts by timeframe: 1H:x | 4H:y.
Reading the chart
- Lines extend to the right so they stay in view as new candles print.
- Touch labels appear to the right of price. Increase Label offset if they crowd your candles.
Settings
Below are the few inputs you'll actually touch, what they mean, and how to dial them.
1) General
- Use 1h / Use 4h: Toggle either timeframe on/off.
- Lookback (weeks): How far back to scan pivots.
- Shorter (1–3) = fewer, more recent levels.
- Longer (6–12) = more historical context, more lines.
2) 1H and 4H Pivots
These control how swing highs/lows are detected and merged into levels.
Pivot Left Bars & Right Bars
How "strict" a swing must be.
- Lower values (1–2) = more sensitive, more levels.
- Higher values (2–3+) = cleaner swings, fewer levels.
Merge tolerance (ticks)
Nearby raw pivots within this price distance get combined into one level.
- Raise to merge crowded zones into a single, thicker level.
- Lower to split zones into separate, finer levels.
- Tip: On volatile assets, bump tolerance up; on slow movers, dial it down.
Minimum touches (≥)
Filter out weak levels.
- 1H default 3 is sensible. Go 2 if you need more lines; go 4–5 for only the best.
- 4H default 2 keeps higher-timeframe levels present without clutter.
3) Level Logic
Max plotted levels: Hard cap on how many lines make it to your chart. If you see clutter, lower this.
Sort levels by:
- Touches = strongest first.
- Distance = nearest to current price first.
- Price = highest price to lowest.
4) Plot & Labels
Line transparency / style / width: Make lines subtle or bold to taste.
Extend right: Keep lines projecting forward. Most traders keep this ON.
Show touch-count labels: ON to learn your chart; OFF once you're comfortable.
Label offset: Push labels right so they don't overlap candles.
How to use levels
- Treat lines as areas, not single-pixel prices.
- Avoid fresh entries into a level. Let price react first.
- Stronger levels usually have higher touch counts and appear on both 1H and 4H.
Troubleshooting
Too many lines
- Lower Max plotted levels
- Raise Minimum touches
- Lower Lookback or raise Merge tolerance
Too few lines
- Lower Minimum touches
- Raise Lookback or lower Merge tolerance
Labels overlap price
- Raise Label offset
- Temporarily toggle labels OFF
Performance feels heavy
- Reduce Max plotted levels
- Reduce Lookback
Risk Disclaimer
Trading involves significant risk. All content, tools, scripts, articles, and educational materials provided by SeikaAlgo are intended solely for informational and educational purposes. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.