Multi-Level Support & Resistance (ChartJay)

This indicator automatically detects and displays multiple key support and resistance levels using pivot highs and lows.

Unlike basic support/resistance tools that only show one recent level, this script identifies and maintains multiple significant price zones on the chart.

How It Works

• Detects pivot highs and pivot lows
• Stores multiple historical levels
• Merges nearby levels within a user-defined tolerance
• Increases line thickness as levels are tested more often
• Extends lines to the right for forward reference

The more a level is tested, the stronger and thicker it becomes.