Support and Resistance MTF Pro – Parameters Overview

Core

• Pivot Length (preset)(Clean | Normal | Detailed, default: Normal)
  Chooses swing sensitivity and merge tolerance under the hood.
  • Clean: Stricter pivots (L/R=3), wider merge tolerance → fewer, stronger zones.
  • Normal: Balanced pivots (L/R=2), medium merge tolerance → recommended default.
  • Detailed: More sensitive pivots (L/R=2) + tighter merge tolerance → more zones, finer structure.
    Use when:
  • Clean for higher TFs or when you want fewer signals.
  • Detailed for scalping or when you need denser S/R mapping.
• Lookback Bars
  History depth scanned for pivots and touch-counts. More bars = more potential zones and heavier CPU.
  Tip: 600–1200 is typically enough; increase for swing trading or sparse markets.
• Max Zones per Side
  Cap of support (below price) and resistance (above price) levels retained after ranking by strength.
  Tip: Keep 2–4 for a clean chart; raise on higher TFs.
• Min Touches to Validate
  Minimum raw touches within a zone (top↔bottom) required to keep it.
  Increase to show only robust, repeatedly respected zones.
  Decrease to reveal early/younger levels.

Bands (Nearest S&R highlight)

• Show Band (Nearest S&R)(default: false)
  Draws a semi-transparent “half-band” only on the nearest support and nearest resistance for timing clarity.
  • Support band: from Mid − Half to Mid
  • Resistance band: from Mid to Mid + Half
• Band Width Mode(ATR | FixedPips, default: ATR)
  Chooses how Half (half-width) of each zone is derived.
  • ATR: Half = ATR(14) × ATR Factor ÷ 2 → adaptive to volatility.
  • FixedPips: Half = FixedPips × PipSize ÷ 2 → stable visual width across time.
• ATR Factor (Band Width)
  Multiplier for ATR width when Band Width Mode = ATR.
  Tip: 0.8–1.4 is a good working range depending on symbol volatility.
• Fixed Band (pips)
  Half-band in pips when Band Width Mode = FixedPips.
  Tip: Pick values that reflect instrument scale (e.g., larger for indices/crypto).

View

• Draw Back Bars (lines depth)
  How far to draw S/R lines into the past (visual depth). Does not affect detection logic.
  Tip: Smaller for performance; larger if you want historical context visible.
• Support Color
• Resistance Color
• HUD Color
  Visual styling for lines/text.
• Show HUD (default: true)
  Toggles compact panel with mode info and live distances to nearest S/R (in pips and ~ATR).
  Tip: Keep on during tuning; can be hidden after you’re comfortable.

Right Labels (on-chart level tags)

• Show Right Labels (default: true)
  Places labels just to the right of the latest bar on each level line.
• Right Label Mode(Simple | Pro, default: Pro)
  Label content:
  • Simple: S1 | 1.08340 (or R1 | …)
  • Pro:S1 | 1.08340 | 18.7p | 0.68ATR | ● x5
    • 18.7p = distance from the selected Distance Price (see below) to the level
    • 0.68ATR ≈ that distance relative to ATR(14)
    • ● x5 = raw touch count used in ranking
• Distance Price(Bid | Ask, default: Bid)
  Selects the reference price for pip distance/ATR multiple in the HUD and Pro labels.
  • Bid: typical for sell-side reference or neutral reading on FX.
  • Ask: useful if you want distance from potential buy execution.
    Note: ATR is always ATR(14) from the instrument; pips respect Symbol.PipSize.

MTF (Higher-Timeframe Zones)

• Use MTF Zones (default: false)
  Enables detection of zones on a higher timeframe (HTF). HTF zones get priority: if an HTF zone overlaps an LTF zone (within ATR-based tolerance), the LTF zone is upgraded (HTF price/width/weight).
• MTF TimeFrame (M1, M5, M15, M30, H1, H4, D1, W1 | default: H1)
• MTF Max Zones/Side (default: 2)
  Same concept as LTF per-side cap, but for HTF zones before merging with LTF.
• MTF Line Color
  Color for HTF (upgraded or pure HTF) lines/labels.

MTF performance behavior:

• HTF swings/zones are recalculated only when the HTF bar closes. This avoids heavy, unnecessary updates every LTF tick while keeping HTF structure accurate.

Advanced (Aging & Expiry)

• Use Decay (aging) (default: false)
  When ON, older touches count less: weight decays as 0.5^(age / HalfLife).
  Effect: recent reactions matter more when ranking zones.
• Half-Life (bars) (default: 600)
  Controls how fast touch weight halves. Lower = faster aging (recent behavior dominates).
• Expire After (bars, 0=off) (default: 0)
  Ignores touches older than this age during counting.
  Tip: Use on fast markets to keep zones “fresh”.

Tips & interactions

• Nothing on chart?
  Lower Min Touches, increase Lookback Bars, or switch to Detailed preset. Make sure the symbol’s PipSize is correct in your platform (especially for crypto/indices).
• Performance:
  • Keep Lookback Bars reasonable (600–1200).
  • Limit zones per side (2–4).
  • MTF recalculates only on HTF close → safe to keep Use MTF ON.
  • Bands draw only on nearest S & R to avoid clutter.
• Distance numbers differ from your broker’s idea of a “pip”?
  The indicator uses the platform’s Symbol.PipSize for conversion. For instruments like BTCUSD or indices, a “pip” may represent a different absolute value than classic FX — that’s correct by design. If you need different semantics, use Label Mode = Simple or interpret the “pips” as platform-pips.
• When to use Ask as Distance Price:
  When evaluating buy risk/immediacy in instruments with wider spreads (metals, crypto). For sell-side focus, Bid is typically fine.