SignalViper Fangs

Fangs — Structural Support & Resistance Zones

Fangs is a price structure analysis tool designed to identify areas where price has historically reacted and is likely to encounter interest again. Instead of drawing discretionary levels, Fangs automatically evaluates price behavior to highlight structural support and resistance zones directly on the chart.

The script focuses on reaction-based structure, not predictive signals, helping traders contextualize price movement around meaningful levels.

Core Concepts & Logic

Fangs analyzes how price interacts with prior swing regions to identify zones where buying or selling pressure has previously emerged. These zones represent areas of market agreement, not single price points, and are displayed as horizontal regions rather than lines.

Key principles include:

Emphasis on reaction zones rather than exact highs or lows

Filtering of minor or insignificant levels to reduce clutter

Ongoing evaluation of whether a level remains structurally valid

Indicator Families Used

Fangs belongs to the support and resistance / market structure family of indicators. It uses price-based structural analysis rather than oscillators or momentum signals. While it relies on common concepts such as swing behavior and level interaction, its value comes from automated level qualification and lifecycle management.

Dynamic Level Management

Identified zones are not static:

Levels are removed automatically once price decisively breaks through them

Zones can flip roles from support to resistance (or vice versa) as price structure evolves

Sensitivity settings allow control over the number of active zones and minimum spacing between levels

This prevents outdated or irrelevant levels from persisting on the chart.

Visual Outputs Explained

Cyan zones represent structural support areas

Magenta zones represent structural resistance areas

All zones correspond to currently valid structural levels based on recent price behavior.

How to Use Fangs

Fangs is intended as a contextual tool, not a trade signal. Traders commonly use it to:

Anticipate areas where price may slow, reject, or consolidate

Frame entries, exits, or risk management decisions

Combine with momentum or trend tools for confirmation

It can be used on any timeframe and market, with sensitivity controls allowing adaptation to different trading styles.

Why This Script Is Invite-Only

While support and resistance concepts are widely known, Fangs automates the identification, validation, and retirement of structural levels, reducing subjective drawing and chart clutter. This provides consistent, repeatable structure analysis that would otherwise require manual interpretation across multiple timeframes.