SML — SUPPORT/RESISTANCE MATRIX

Category: market_structure

A dynamic support and resistance matrix that identifies zones based on pivot clusters, tracks retests, and detects candlestick pattern reactions within these zones.

Formula

\text{Zone (R)} = [\text{Pivot High}_{n}, \max(\text{Close}_{n}, \text{Open}_{n})] \\ \text{Zone (S)} = [\min(\text{Close}_{n}, \text{Open}_{n}), \text{Pivot Low}_{n}] \\ \text{Validation} = \text{Price}_0 < \text{High}_n \text{ and } \text{Price}_0 > \text{BodyHigh}_n \text{ (for Resistance pivots)}

Inputs

• Swing Lookback (Bars) (default: 10)
• Pivot Tests for Valid Zone (default: 2)
• Zone Expiry (candles) (default: 200)
• Proximity % (buffer around zone) (default: 0.3)

See signal primitives and every published strategy that uses SML — SUPPORT/RESISTANCE MATRIX on WOBR StrategyVerse.