Adaptive Support and Resistance Levels

Adaptive Support and Resistance Levels [SRL_PRO]

This indicator is a comprehensive institutional-grade trading tool designed to visualize Auction Market Theory (AMT), Support and Resistance concepts directly on the price chart. It is built for traders who require a deep understanding of market structure without the visual clutter of standard retail indicators.

Key Features:

1] Fractal Adaptive Engine:

The indicator automatically adjusts its calculations based on your timeframe.

-Intraday (1m-15m): Displays Daily Levels.
-Swing/Positional (30m-1H): Displays Weekly Levels.
-Long Term (Daily+): Displays Monthly Levels.

2]Untested Levels:

-Identifies levels from previous sessions that have not been tested by price.
-Extends these levels forward as "Magnets" until price touches them.
-Touch-Delete Logic: Once price interacts with a magnet, the line is automatically removed to keep the chart clean.

3] Institutional Dashboard:

- A "Flight Deck" table in the top-right corner provides real-time metrics:
-Context: Are we inside, above, or below the previous value zone?
-Auction State: Is the current market balanced or imbalanced?
-IB Status: Initial Balance (first 60 mins) breakout/breakdown status.
-Fuel Gauge: Measures current range vs. ADR (Average Daily Range) to gauge exhaustion.
-Volume Flow: Detects high-aggression volume relative to the average.

How to Use:

Trend Following: Look for price breaking out of the (Static Lines) , Pullback rejection, Rejection from the lines.

Reversion: Use the lower lines for bulls reversal and Upper lines for bears reversal ( Kind of reversal candle formation )

Risk Management: Use the ADR Fuel Gauge to avoid buying extended markets (>100% ADR).

Disclaimer: This tool is only for educational and analytical purposes only. Not any recommendation.