Auto Support & Resistance Levels [SeikaAlgo] — Quick Start Guide

A beginner‑friendly guide to get clean levels on your chart fast, then “dial” them to your market and style.

What it does

This indicator scans 1‑hour and 4‑hour swing points and clusters them into support (teal) and resistance (red) lines. The more times price has reacted near a line, the stronger it tends to be. Labels show touch counts by timeframe: 1H:x | 4H:y.

• Red line = more 1H/4H swing highs at that price (resistance)

• Teal line = more 1H/4H swing lows at that price (support)

• Purple line = mixed/unclear bias

You can choose how many lines to plot, how to rank them, and how strict the level detection should be.

Reading the chart

• Lines extend to the right so they stay in view as new candles print.

• Touch labels appear to the right of price. Increase Label offset if they crowd your candles.

Settings

Below are the few inputs you’ll actually touch, what they mean, and how to dial them.

1) General

• Use 1h / Use 4h: Toggle either timeframe on/off.

• Lookback (weeks): How far back to scan pivots.

  • Shorter (1–3) = fewer, more recent levels.

  • Longer (6–12) = more historical context, more lines.

2) 1H and 4H Pivots

These control how swing highs/lows are detected and merged into levels.

• Pivot Left Bars & Right Bars: How “strict” a swing must be.

  • Lower values (1–2) = more sensitive, more levels.

  • Higher values (2–3+) = cleaner swings, fewer levels.

• Merge tolerance (ticks): Nearby raw pivots within this price distance get combined into one level.

  • Raise to merge crowded zones into a single, thicker level.

  • Lower to split zones into separate, finer levels.

  • Tip: On volatile assets, bump tolerance up; on slow movers, dial it down.

• Minimum touches (≥): Filter out weak levels.

  • 1H default 3 is sensible. Go 2 if you need more lines; go 4–5 for only the best.

  • 4H default 2 keeps higher‑timeframe levels present without clutter.

3) Level Logic

• Max plotted levels: Hard cap on how many lines make it to your chart. If you see clutter, lower this.

• Sort levels by:

  • Touches = strongest first.

  • Distance = nearest to current price first.

  • Price = highest price to lowest.

4) Plot & Labels

• Line transparency / style / width: Make lines subtle or bold to taste.

• Extend right: Keep lines projecting forward. Most traders keep this ON.

• Show touch‑count labels: ON to learn your chart; OFF once you’re comfortable.

• Label offset: Push labels right so they don’t overlap candles.

How to use levels

• Treat lines as areas, not single‑pixel prices.

• Avoid fresh entries into a level. Let price react first.

• Stronger levels usually have higher touch counts and appear on both 1H and 4H.

Troubleshooting

• Too many lines:

  • Lower Max plotted levels

  • Raise Minimum touches

  • Lower Lookback or raise Merge tolerance

• Too few lines:

  • Lower Minimum touches

  • Raise Lookback or lower Merge tolerance

• Labels overlap price:

  • Raise Label offset or temporarily toggle labels OFF

• Performance feels heavy:

  • Reduce Max plotted levels and Lookback