Auto Support & Resistance Zones

The script automatically identifies support and resistance zones for any instrument on any timeframe. Each zone is displayed from the moment it is formed and remains on the chart until a confirmed breakout — when a candle of the current timeframe closes beyond the zone boundary. After a confirmed breakout, the zone is automatically removed.

Each zone displays:

* traded volume within the zone
* number of candle touches

These parameters may be used to assess the *stability of a zone*. Additionally, the relative “strength” of zones is visually represented by their duration and width (price height).

By default:

* resistance zones are displayed with a purple background
* support zones are displayed with a light blue background

The settings provide flexible customization options:

* custom zone colors,
* number of displayed zones,
* maximum distance of zones from the current price.

The script is distributed in private-only format and is intended exclusively for visual analysis of market structure.
It is not a trading strategy and does not provide investment advice.