[ArchLabs] Support & Resitance Levels

[ArchLabs] Support & Resistance Levels — SR-v1.100
Smart, auto-managed zones for clean market structure

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🔍 What this indicator does

This script automatically finds and maintains high-quality support & resistance zones on your chart, so you don’t have to keep redrawing levels by hand.

It:
• Detects major swing highs and lows (pivots)
• Builds support and resistance zones (not just thin lines)
• Filters out overlapping / redundant levels
• Tracks how price interacts with those zones in real time
• Marks and alerts:
• ✅ Breakouts
• 🚨 False breakouts
• 🔁 Retests
• Flips broken support → resistance and resistance → support automatically

You get a clean structural map of the market, continuously updated.

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🧠 How levels are built (conceptually)
1. The indicator looks back over a configurable window and finds significant highs and lows (pivots).
2. From each confirmed pivot, it creates:
• A core level price (horizontal line)
• A price area around it (shaded zone), sized relative to recent price range/volatility
3. It then checks for overlaps between existing levels and new candidates:
• If a new level is too close to an existing one (within your overlap threshold), it gets discarded.
• This keeps only the most meaningful, non-redundant levels on the chart.
4. A cap of around 10 levels per side (support / resistance) keeps the view readable.

The result: a curated set of zones that actually matter, not a wall of lines.

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🎨 Visuals on the chart

You’ll see:
• Support zones
• Line: bullish color (default green)
• Area: semi-transparent band below/around the line
• Resistance zones
• Line: bearish color (default red)
• Area: semi-transparent band above/around the line

Colors are customizable for:
• Level line
• Zone area
• Breakout highlight
• Retest label

This makes it easy to visually separate support vs resistance and quickly spot key reactions.

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⚡ Dynamic behavior & level lifecycle

Each level goes through a natural “life cycle,” which the indicator tracks for you:
1. Active zone
• The level is valid and extended to the right as long as price stays “engaged” with it (using smoothed highs/lows to avoid noise).
2. Extension / pause
• When price pulls away from the level far enough, the extension can temporarily stop so the level doesn’t stretch indefinitely without interaction.
• If price comes back into the zone with meaningful action, the level can resume extension.
3. Break & role reversal
• When price cleanly breaks the level (based on smoothed price, not just a wick), the zone is:
• Stopped and locked in place
• Marked as broken
• Immediately cloned and flipped:
• Broken support becomes a new resistance zone at the same area.
• Broken resistance becomes a new support zone.

This gives you automatic role-reversal levels without manually redrawing anything.

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🧷 Event tags & alerts

The indicator tracks three key interactions with each zone:

1. Breakouts (optional)
When price decisively breaks a level:
• A small breakout label appears on/near the level:
• Support broken → bearish breakout style
• Resistance broken → bullish breakout style
• An alert message is fired (if alerts are enabled on the script)

Use this to catch true structural breaks that may signal trend continuation or regime change.

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2. False breakouts (optional)
False breakouts are marked when price:
• Wicks through a level, but
• Fails to close beyond it and quickly returns inside the zone

When detected:
• A 🚨 FB label appears at the level
• The label tracks with price while the false breakout is active
• An alert can fire each time this behavior is confirmed

This is very useful for reversal traders and anyone fading failed breakouts.

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3. Retests (optional)
Retests are detected when:
• Price re-enters a zone after previously moving away from it
• The candle comes back into the area for the first time in this new approach

The script:
• Marks the retest with a “T” label in a distinct color for support vs resistance
• Brings that level to the top of the internal priority list, keeping fresh retests visually and logically “hot”

Traders often use these as high-probability reaction points (e.g., breakout → retest → continuation).

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⚙️ Key settings

All inputs are grouped for clarity:

Support / Resistance Levels
• Pivots Lookback
Controls how far back the indicator looks for swing highs/lows.
• Higher value → fewer, stronger levels
• Lower value → more reactive, more levels
• Overlap Multiplier (Pips)
Sets how aggressively overlapping levels are merged/ignored.
• Higher value → fewer levels, more consolidation
• Lower value → more granular levels
• Auto Overlap
When enabled, the script automatically adjusts the overlap threshold based on timeframe:
• Intraday lower timeframes → tighter filtering
• Higher/intra-session → more appropriate scaling
This lets you drop the indicator on multiple timeframes without constantly retuning.

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Level Event Toggles
• Breakout Labels & Alerts (on/off)
• False Breakout Labels & Alerts (on/off)
• Retest Labels & Alerts (on/off)

Turn on only what fits your style.
Scalpers might want all three; swing traders may prefer only breakouts + retests.

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Support / Resistance Colors
Separate color groups for:
• Line & area of support levels
• Line & area of resistance levels
• Visual styling for breakouts
• Visual styling for retests

You can match your existing chart theme or build a dedicated SR layout.

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📈 How to use it in your trading

Here are a few practical ways to integrate this indicator:
• Context map
Use it as a structural overlay on any symbol/timeframe to see where price is likely to react.
• Breakout + retest setups
• Wait for a level to break with a breakout label.
• Then watch for a T (retest) label into the flipped zone.
• Combine with your own confirmation (price action, volume, oscillators, etc.).
• Mean-reversion & fade trades
• Hunt for false breakout (FB) labels on key levels.
• These are often good spots to fade aggressive moves that lose momentum.
• Confluence builder
• Combine zones with trend tools, VR/DC, moving averages, or higher timeframe structure.
• A breakout/retest at a level that also lines up with higher TF structure can be especially meaningful.

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✅ Summary

[ArchLabs] Support & Resistance Levels (SR-v1.100) is designed to be:
• Clean – no cluttered spaghetti of lines
• Adaptive – zones evolve with the market and flip roles automatically
• Actionable – breakout, false breakout, and retest events are clearly marked and alert-ready
• Flexible – works on any market and timeframe with simple, intuitive inputs

Drop it on your chart, tune the lookback & overlap to your style, and let it handle the heavy lifting of structural mapping while you focus on decisions.