Support and Resistance Major/Minor on TradingView-free-[TFlab]

The Support and Resistance Major/Minor Indicator is a powerful TradingView tool designed to highlight key support and resistance levels in technical analysis. These levels mark important price zones where the market often stalls, reverses, or gains momentum to continue its trend.

You can access the indicator from this link:

https://tradingfinder.com/products/i...e-major-minor/

You can access the indicator on the TradingView website:

https://www.tradingview.com/script/M...ket-Structure/



Prop Firm DrawDown Protector : Prop Firm Capital Protection Expert MT4 | Forex Money Management: Forex Trade Management Expert MT4 |ICT Concepts Indicator MT4 | Smart Money Concepts Expert MT4| Smart Money Trap Scanner | Get a free Expert Advisor license via Telegram and WhatsApp

Key Features of the Support and Resistance Major/Minor Indicator

1. Major Support Area – Displayed with a green line, highlighting long-term price support.
2. Major Resistance Area – Shown with a red line, marking long-term price resistance.
3. Minor Support & Resistance Levels – Represented by darker lines, often forming within ongoing trends.
4. Automatic Zone Detection – Instantly identifies and plots both major and minor levels on the chart.
5. Multi-Timeframe Compatibility – Effective across short-, medium-, and long-term analysis.

Trading Applications

In an Uptrend

1. On the daily AUD/USD chart, the indicator plots a major support line (green) at a long-term support zone.
2. When price retests this area, it reacts positively and pushes higher.
3. Many professional traders wait for a confirmation candle at this point to enter the uptrend with higher probability.

In a Downtrend

1. The indicator marks both major and minor resistance zones.
2. When price reaches a major resistance area, it often struggles to break through and declines sharply.
3. This behavior helps traders anticipate reversals and plan short entries with confidence.

Indicator Settings

Zig Zag Logic

1. Long-Term S&R Pivot Period – Defines the pivot period for major zones.
2. Short-Term S&R Pivot Period – Defines the pivot period for minor zones.

Long-Term Lines

1. Major Line – Plots the primary long-term support/resistance.
2. Minor Line – Displays the secondary long-term levels.
3. Line Style & Width – Customize thickness and style.

Short-Term Lines

1. Major Line – Shows the short-term major levels.
2. Minor Line – Displays the short-term secondary levels.
3. Line Style & Width – Customize appearance and thickness.

Conclusion
The Support and Resistance Major/Minor Indicator is a must-have tool for traders who want to:

1. Identify accurate entry and exit zones.
2. Detect potential reversal areas and continuation patterns.
3. Enhance trend forecasting with greater precision.

By automatically marking major and minor support and resistance zones, this indicator simplifies technical analysis and strengthens decision-making across forex, cryptocurrency, and stock markets.