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Dimensional Support Resistance [JOAT]
◇Overview◇
Dimensional Support Resistance is an open-source overlay indicator that automatically detects and displays clean, non-overlapping support and resistance levels using pivot-based analysis with intelligent filtering. It identifies significant swing highs and lows, filters them by minimum distance to prevent visual clutter, and provides volume-confirmed bounce signals.
What This Indicator Does?
《The indicator calculates and displays》
•Dynamic Pivot Levels - Automatically detected swing highs and lows based on configurable pivot strength
•Distance Filtering - Ensures levels are spaced apart by a minimum percentage to prevent overlap
•S/R Zones - Visual zones around each level showing the price area of significance
•Bounce Detection - Identifies when price reverses at support or resistance levels
•Volume Confirmation - Strong signals require above-average volume for confirmation
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