Support and Resistance Major/Minor on TradingView-free-[TFlab]

The Support and Resistance Major/Minor Indicatoris a powerful TradingView tool that helps traders identify critical support and resistance levels. These levels highlight price zones where the market is likely to stall, reverse, or gain momentum to continue its trend.

You can access the Indicator from this link:

https://tradingfinder.com/products/i...e-major-minor/

You can access the Indicator on the TradingView website:

https://www.tradingview.com/script/M...ket-Structure/



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Key Features of the Support and Resistance Major/Minor Indicator

1. Major Support Area – Highlighted with a green line, representing strong long-term support.
2. Major Resistance Area – Displayed with a red line, marking significant long-term resistance.
3. Minor Support & Resistance Levels – Shown with darker lines, often forming within active trends.
4. Automatic Zone Detection – Instantly identifies and marks both major and minor zones on the chart.
5. Multi-Timeframe Compatibility – Effective for short-, medium-, and long-term market analysis.

Trading Applications

In an Uptrend

1. On the daily AUD/USD chart, the indicator plots a major support line (green) at a long-term support zone.
2. When price revisits this area, it reacts positively and moves upward.
3. Many professional traders wait for a confirmation candle before entering long positions to increase trade accuracy.

In a Downtrend

1. The indicator highlights both major and minor resistance and support zones.
2. When price tests a major resistance level, it often fails to break higher and declines sharply.
3. This provides traders with early signals for potential reversals and better trade planning.

Indicator Settings

Zig Zag Logic

1. Long-Term S&R Pivot Period – Defines pivot points for major levels.
2. Short-Term S&R Pivot Period – Defines pivot points for minor levels.

Long-Term Lines

1. Major Line – Displays primary long-term support/resistance.
2. Minor Line – Shows secondary long-term levels.
3. Line Style & Width – Customizable thickness and style.

Short-Term Lines

1. Major Line – Displays major short-term levels.
2. Minor Line – Displays minor short-term levels.
3. Line Style & Width – Fully customizable appearance.

Conclusion
The Support and Resistance Major/Minor Indicator is an essential tool for traders who want to:

1. Identify accurate entry and exit points.
2. Detect key reversal zones and continuation patterns.
3. Improve forecasting of market direction.

By automatically plotting major and minor zones, this indicator simplifies technical analysis and strengthens decision-making across forex, cryptocurrency, and stock markets.