TRI - Support/Resistance Multi Timeframe

🎯 BREAKOUT STRATEGY:
This indicator identifies key S/R levels where momentum shifts occur.
Use these levels for high-probability breakout entries.

📈 LONG BREAKOUT SETUP:

• Wait for price to approach a RESISTANCE level (above current price)
  
• Look for increasing volume as price tests the level
  
• Enter LONG when price closes decisively ABOVE the resistance zone
  
• Set stop-loss just below the broken resistance (now support)
  
• Target: next resistance level above, or 1:2 risk/reward
  

📉 SHORT BREAKOUT SETUP:

• Wait for price to approach a SUPPORT level (below current price)
  
• Look for increasing volume as price tests the level
  
• Enter SHORT when price closes decisively BELOW the support zone
  
• Set stop-loss just above the broken support (now resistance)
  
• Target: next support level below, or 1:2 risk/reward
  

⚡ PRO TIPS:

• Higher timeframe levels (D, W) are STRONGER - breakouts more reliable
  
• Use "Zones" mode to see the full breakout area, not just a line
  
• Multiple levels clustered together = stronger S/R zone
  
• Failed breakout (price returns inside zone) = potential reversal trade
  
• Combine with volume confirmation for best results
  

🔔 ALERTS:
Set alerts for new levels on current TF to spot fresh momentum shifts in real-time.

🔗 COMBINE WITH OTHER INDICATORS:
For best results, use this indicator together with:

• EMA (50/200) - Dynamic support/resistance for trend confirmation
  
• Volume Profile - Confirms high-volume price levels
  
• When price bounces from a static S/R level AND respects EMA = high-probability trade
  

📊 DETECTION METHODS:
Choose your preferred method in settings:

MACD MODE:
Uses MACD histogram to identify momentum-based S/R levels:

• Histogram dips in positive territory = bullish momentum pausing = SUPPORT zone
  
• Histogram peaks in positive territory = bullish momentum reversal = RESISTANCE zone
  
• Histogram peaks in negative territory = bearish momentum pausing = RESISTANCE zone
  
• Histogram dips in negative territory = bearish momentum reversal = SUPPORT zone
  
• Only significant extremes are marked, filtering out noise
  

FRACTALS MODE:
Uses pivot high/low detection (similar to Williams Fractals):

• Detects swing highs = RESISTANCE levels where price reversed down
  
• Detects swing lows = SUPPORT levels where price reversed up
  
• Uses ta.pivothigh/pivotlow for memory-efficient calculation
  
• "Fractal Periods" setting controls lookback (higher = fewer, stronger levels)
  
• Levels positioned at bar[1] for real-time detection