M/S Signal v2 - Multi-Zone Signal System

M/S Signal v2 - Advanced Multi-Zone Breakout System
🔧 TECHNICAL INNOVATION

This indicator introduces a unique combination of adaptive zone confluence detection with multi-timeframe directional filtering that addresses specific limitations found in standard breakout indicators.

🎯 CORE ALGORITHM DIFFERENCES:

1. Adaptive Level Management:

Code
// Unlike static S/R indicators, levels update dynamically
if close > active_high:
active_high := current_high
active_low := current_low
generate_signal("BUY")
Traditional indicators use fixed pivot points. This system continuously adapts support/resistance levels based on actual price action.

2. Zone Confluence Mathematics:

Code
zones_match(level1, level2, tolerance_percent) =>
diff = math.abs(level1 - level2)
avg_price = (level1 + level2) / 2
tolerance = avg_price * tolerance_percent / 100
diff <= tolerance
This mathematical approach to zone alignment is not available in standard zone-based indicators.

3. Multi-Timeframe Signal Validation:

Code
htf_signal = request.security(symbol, htf_tf, get_last_signal_type())
allow_signal = current_tf_signal AND htf_allows_direction
The system tracks the last active signal from higher timeframes, not just current trend direction.

📊 UNIQUE FEATURES:

Triple Zone System:

Zone 1 (100-period): Macro trend identification
Zone 2 (60-period): Impulse movement detection
Zone 3 (20-period): Precise entry triggers
Dual Independent Filters:

Filter 1: Zone confluence with customizable tolerance (0.1% default)
Filter 2: Higher timeframe last signal direction
Each filter operates independently and can be toggled on/off
Dynamic Level Tracking: Unlike indicators that use predetermined levels, this system:

Updates support/resistance after each breakout
Prevents duplicate signals until new level formation
Tracks signal history to avoid repetitive alerts
📈 TECHNICAL SPECIFICATIONS:

Code Architecture:
PineScript v6 with optimized performance
45+ customizable parameters across 8 setting groups
Maximum 500 objects for stable operation
Overlay design with full visual control
Signal Generation Logic:

Monitor current support/resistance levels
Detect price breakouts above/below active levels
Apply zone confluence filter (if enabled)
Validate against higher timeframe direction (if enabled)
Generate final signal only when all conditions align
Visualization Components:

Three colored zone overlays with customizable fills
Active support/resistance level lines
BUY/SELL signal labels with price information
Key breakout candle highlighting
Real-time current price tracking
⚙️ SETTING GROUPS:

Zone Settings - Configure zone periods and colors
Zone Signal Filters - Control confluence detection
Higher Timeframe Filter - Set HTF validation rules
BUY Signal Configuration - Customize buy signal appearance
SELL Signal Configuration - Customize sell signal appearance
Alert System - Configure notification preferences
Visual Display - Control chart appearance elements
Level Management - Active support/resistance display
🎯 PRACTICAL APPLICATIONS:

For Scalping (M1-M5):

Disable HTF filter for faster signals
Use tight zone confluence tolerance (0.05%)
Focus on Zone 3 breakouts for quick entries
For Swing Trading (H1-H4):

Enable HTF filter with Daily timeframe
Use standard confluence tolerance (0.1%)
Combine all three zones for confirmation
For Position Trading (H4-Daily):

Set HTF filter to Weekly timeframe
Wider confluence tolerance (0.2%)
Focus on Zone 1 trend alignment
🔧 HOW TO USE:

Basic Setup: Use default parameters for most markets
Enable Filters: Turn on zone confluence for higher accuracy
Set HTF Filter: Choose appropriate higher timeframe for your strategy
Customize Signals: Adjust BUY/SELL signal appearance preferences
Configure Alerts: Set up notifications for real-time signal delivery
The indicator works by continuously monitoring price action against dynamically updated support and resistance levels, applying sophisticated filtering mechanisms to ensure only high-probability setups generate signals.