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Overview
Dynamic S/R Zones is a Pine Script v6 indicator for TradingView that draws support/resistance (S/R) zones and Fibonacci retracement levels from verified pivot points. It plots minor S/R on the current timeframe and major S/R from a user-selected higher timeframe. Optional verification logic colors Fibonacci levels when price action or a trend filter aligns. The tool is intended for chart study and annotation.
Legal Disclaimer for TradingScript Solutions
The TradingView Pine Script 6 scripts provided by TradingScript Solutions, LLC are for informational and educational purposes only and do not constitute financial advice. All scripts, indicators, and tools are provided "as is" without warranties of any kind, express or implied, including accuracy, reliability, or fitness for a particular purpose. Users assume full responsibility for their use of the scripts and any trading decisions made. TradingScript Solutions, LLC is not liable for any losses, damages, or risks arising from the use of our products. Trading involves significant risk, and users should consult a qualified financial advisor before making investment decisions.
Features
- Dynamic S/R Zones: Automatically plots minor and major S/R levels based on pivot points across multiple timeframes.
- Fibonacci Levels: Displays 33%, 50%, and 66% retracement levels with hybrid confirmation modes.
- Hybrid Confirmation: Colors levels based on bounces, rejections, pivot trends, or higher timeframe EMA trends.
- Visual Cues: Includes arrows for bounces/rejections and labels for S/R and Fibonacci levels.
