[MTX] Weekly Support & Resistance

[MTX] Weekly Support & Resistance

Overview



Discover key market structure with this all-in-one indicator:
Weekly Support & Resistance (SR) levels, Fair Value Gap (FVG) detection, and Automatic Fibonacci retracements.
Designed for MTX traders, it plots non-repainting weekly highs/lows/opens/closes, highlights unmitigated FVGs for potential imbalances, and auto-draws Fib levels, Perfect for swing/day traders on XAUUSD.

🚀 Key Features



- Weekly SR Levels: Plots previous week's High (resistance), Low (support), Open, and Close. Optional historical levels (Week -2/-3).



- SR Zones: Customizable % zones around levels for dynamic support/resistance bands. Fill colors for easy visualization.

- FVG Detection: Identifies bullish (green) and bearish (red) Fair Value Gaps on your chart timeframe.


- buy/sell Signals:



- Trend Filter: Optional EMA/SMA to filter signals

- Auto Fibonacci: auto-retracement with 20+ levels (0%, 23.6%, 38.2%, 50%, 61.8%, 100%, extensions to 423.6%, negatives). Custom colors, labels, and background fills.



- Alerts: Built-in for FVG creation/mitigation + all buy/sell signals. Set up once for real-time notifications.


⚠️ Important Disclaimer
This indicator is for educational and analysis purposes only. It provides visual tools and signals based on historical price action—not financial advice. Past performance ≠ future results. Trading involves risk; use proper risk management. Backtest thoroughly. No guarantees of profitability. Consult a financial advisor.


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