Key Zone$ - Support and Resistance

0DTE Bounce Zones (6M) — Support & Resistance with VWAP, Volume, and Risk Management
This indicator is built for intraday and 0DTE options trading, focused on high-quality bounce and rejection setups at historically proven support and resistance zones.
It automatically identifies key zones from six months of historical price action and waits for real-time confirmation before signaling CALL or PUT opportunities. The goal is to reduce noise, avoid weak bounces, and provide clear, rules-based trade structure.
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CORE FEATURES
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Historical Support & Resistance Zones (6 Months)
Zones are built using 15-minute pivot highs and lows.
A zone must be tested at least 3 times to be considered valid.
Nearby zones are merged automatically to reduce clutter.
Zones extend forward in time and update dynamically.
Support zones are shown in green, resistance zones in red.
These are higher-quality structural levels, not same-day levels.
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0DTE-Focused Entry Logic
Signals only trigger when price interacts with a confirmed zone and shows a strong rejection candle.
Signals are limited to high-probability trading windows only.
Market Open: 9:30–10:45 ET
Market Close: 3:00–4:00 ET
This avoids midday chop and focuses on periods with real momentum.
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VWAP Confirmation (Strict)
CALL setups require a VWAP reclaim.
PUT setups require a VWAP loss.
This aligns trades with institutional order flow instead of counter-trend noise.
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MACD Momentum Filter
MACD histogram behavior is used to confirm momentum direction and avoid taking bounces against the prevailing move.
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ATR Candle Strength Filter
The signal candle must be large enough relative to ATR.
This filters out weak or indecisive candles that often fail with 0DTE.
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Advanced Volume Confirmation (Relative Volume)
Relative Volume (RVOL) is used instead of raw volume.
Different RVOL thresholds are applied for CALLS versus PUTS.
Higher RVOL is required for PUTS due to downside urgency.
Lower RVOL is allowed for CALLS due to grind-up behavior.
Separate RVOL thresholds are used for the market open and market close.
This ensures signals only occur when real participation is present.
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Built-In Risk Management (2:1 Reward/Risk)
Every signal automatically calculates an entry, stop loss, and target.
Stop loss is based on the zone edge with an ATR buffer.
Targets default to a 2:1 reward-to-risk ratio.
Entry, stop, and target levels are drawn directly on the chart and included in alerts.
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Smart Alerts (CALLS & PUTS)
Alerts trigger only when all conditions are met.
Alerts include trade direction, entry price, stop price, target price, and RVOL information.
Alerts are designed for 5-minute confirmation trading.
To use alerts, select “Any alert() function call” when creating the alert.
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INTENDED USE
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0DTE options trading.
5-minute chart confirmation.
Index ETFs and liquid equities such as SPY, QQQ, IWM, and SPX.
Traders who want aggressive entries with confirmation.
Traders who value structure, volume, and risk control.
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NOTES
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This is not a prediction tool.
Signals require discipline and confirmation.
Best results come from trading only the highest-quality setups.