Vera SnR Key Levels [H4 + H1 Pure]

Introduction
Drawing Support and Resistance (SnR) manually often leads to human error, subjectivity, and wasted time. We created the Key Level Automator to solve this problem.

This indicator is designed to reduce the noise on your chart by automatically identifying "Key Levels"—specific price zones with a statistically high probability of a reaction. It removes the guesswork of manual drawing, allowing you to focus on execution rather than analysis.

How It Works (Methodology)
This script does not use standard fractals or basic pivot points. Instead, it utilizes a custom algorithm that evaluates Price Action and OHLC (Open, High, Low, Close) data.

Detection: It identifies specific candlestick patterns and price behaviors that historically lead to significant bounces or reactions.

Filtration: The script applies strict invalidation rules. If a level does not meet the "High Probability" criteria based on our data-driven model, it is automatically filtered out.

Output: The result is a clean chart showing only the most significant Support and Resistance levels (Key Levels).

Recommended Assets
While this logic can be applied to any asset class, the algorithm is heavily backtested and optimized for:

XAUUSD (Gold)

XAGUSD (Silver)

Nas100

Note: For the most accurate level detection, we recommend using a clean data feed provider (e.g., FOREX.COM).

How to Use
This tool is not a signal generator. A line appearing does not mean "Buy" or "Sell" immediately. It is a Point of Interest (POI) tool.

Identify the Zone: Wait for price to approach a plotted Key Level.

Wait for Confirmation: Do not place blind limit orders. Watch for a reaction or use your own entry strategy (e.g., candlestick reversal patterns or lower timeframe confirmation) at these levels.

Risk Management: These levels are optimized for reaction trades. We recommend targeting a minimum 1:1 Risk-to-Reward Ratio for scalping or swinging.

Settings & Features
To keep the chart clean, this indicator focuses on the two most significant timeframes for intraday and swing trading:

Show H4 Levels: Toggle 4-Hour Support/Resistance on/off.

Show H1 Levels: Toggle 1-Hour Support/Resistance on/off.

Confluence: You can enable both simultaneously to find areas where H1 and H4 levels overlap for stronger confirmation.


Copyright & Legal Disclosure

© 2026 Vera. All Rights Reserved.
The code, logic, and intellectual property contained within this script are the sole property of Vera. Unauthorized copying, modification, distribution, or resale of this indicator without explicit written consent is strictly prohibited and will be reported.

Risk Warning
Trading financial markets (Forex, Crypto, Commodities) involves a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite.

Disclaimer
This tool is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a guarantee of profit. The creator (Vera) accepts no liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on this tool.

Trade responsibly.