A dynamic support and resistance indicator that identifies key price zones using pivots and ATR, with customizable sensitivity and heatmap visualization for technical analysis.
Explore complementary indicator rolesHow it works
The Support and Resistance Heatmap indicator calculates support and resistance zones by analyzing price pivots and using Average True Range (ATR) as a volatility measure. It identifies significant price levels by examining a specified number of historical bars and creating zones based on how frequently price interacts with these levels.
The indicator uses an ATR-based threshold to dynamically adjust zone sensitivity, ensuring the zones adapt to changing market conditions. When price touches a zone multiple times, the indicator increases the zone's confirmation count, and zones that meet the user-defined confirmation criteria are displayed with color-coded intensity to represent their reliability.
Why it may be useful
This indicator provides traders with a powerful visual tool to understand market structure and identify potential entry and exit points based on historical price interactions. By dynamically mapping support and resistance zones, traders can gain insights into market psychology and potential price reversal or continuation areas.
The heatmap visualization allows traders to quickly assess the strength of different price levels, helping them make more informed trading decisions. By combining ATR-based sensitivity with a confirmation mechanism, the indicator reduces noise and focuses on the most significant price zones.
When to explore it
The Support and Resistance Heatmap is most effective in markets with clear directional movement and repeated price interactions at specific levels. It works well across different timeframes, from intraday charts to longer-term analysis, making it versatile for various trading styles and strategies.
Traders should use this indicator in conjunction with other technical analysis tools to confirm signals and identify high-probability trade setups. It is particularly useful in trending markets where price tends to respect established support and resistance zones, helping traders make more precise entry and exit decisions.
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
![Supports & Resistances [UAlgo] chart preview](/_next/image?url=%2Fmedia%2F29810.png&w=3840&q=90&dpl=dpl_Jt27hmzh6tNsGuJ13vyBBWgv8XSW)
![Rally Base Drop SND Pivots [LuxAlgo] chart preview](https://s3.tradingview.com/p/PVsY637u.png?v=1747144216)
