Support and Resistance Zones (HuntsPip)Support and Resistance Zones (HuntsPip) calculates pivot-based support, resistance, and key zones from a configurable timeframe, displaying them as colored boxes on the chart alongside a market analysis table summarizing price position, trend strength, and range conditions. It provides traders with a dynamic framework of price levels derived from higher-timeframe pivots, combining visual zone mapping with real-time analytical context so traders can quickly assess where price sits relative to key levels, how strong the current trend is, and whether the market is ranging or trending before committing to a trade.
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█ CONCEPTS
Pivot points are a widely used method for identifying potential support and resistance levels. Using the previous period's high, low, and close, a central pivot value is calculated, and additional levels are projected above and below it. These levels divide the price range into zones rather than single lines, giving traders broader areas of interest to work with.
The key zone - the area immediately surrounding the central pivot - acts as a critical reference point for gauging market sentiment. When this zone is narrow relative to price, some traders interpret it as a sign that a breakout move may be more likely. When it is wide, range-bound conditions may be expected. The position of the current price relative to these zones provides context about whether the market is trading in bullish, bearish, or neutral territory for the selected timeframe.
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█ WHAT IT DOES
This tool draws three color-coded zones on the chart based on traditional pivot point calculations from the previous period on the selected timeframe. The resistance zone spans from the first resistance level to the third. The support zone spans from the first support level to the third. The key zone spans the area directly surrounding the central pivot value.
An optional analysis table provides a real-time summary of market conditions. It displays the current market phase, the width of the key zone as a percentage, an expectation based on that width, the current price position relative to the key zone, trend strength based on which level price is trading near, and the percentage distance from the pivot. Historical zones from previous periods can optionally be displayed as faded boxes for additional context.
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█ FEATURES AND USAGE
MARKET ANALYSIS SETTINGS
Show Label - Toggles the zone name text inside each box (Resistance Zone, Support Zone, Key Zone).
Timeframe - Sets the timeframe used for the pivot calculation. The previous period's high, low, and close on this timeframe determine all zone levels.
Table - Toggles the market analysis table on or off.
Position - Sets the table's position on the chart.
- Top Left, Top Right, Bottom Left, or Bottom Right.
HISTORICAL ZONES
Show Historical - Toggles display of zones from previous periods as faded boxes.
Historical Periods - Controls how many past periods are shown. Range: 1-5.
Color Transparency - Controls the transparency of historical zone boxes. Range: 80-95.
COLORS
Zone Colors - Three color pickers for the bullish (support), bearish (resistance), and neutral (key) zone fill colors.
Show Border - Toggles the border outline on all zone boxes.
Show Fill - Toggles the background fill inside all zone boxes.
This tool works on any instrument and any timeframe. The analysis table provides a quick snapshot of current conditions relative to the calculated zones. The market phase, range width, and trend strength readings offer context for how price is interacting with the zones, but these are observational summaries based on the pivot calculation - not predictive signals. The zones are best used as a structural framework alongside other analysis rather than as standalone trade triggers.
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