I would like to introduce you support&resistance levels. It is based on the semafor script made by DevLucem so shout out to him
The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.
The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal
I have refactored script and extended it with the horizontals.
The lines can be extended like so if you want to see
The lines also can expire when the price will reach it you can change this in general settings:
Also you can use view from the original script with just label circles
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.