> For the complete documentation index, see [llms.txt](https://academy.liqzone.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://academy.liqzone.com/tradingview-indicators/loner-s-r.md).

# Loner S/R

#### 1. Average True Range (ATR) Settings and Trade Style Adjustment

* **ATR Length**: Sets the period over which the Average True Range (ATR) is calculated, affecting volatility measurements.
* **Trade Style**: Allows users to select between Scalping, Normal, and Swing trading styles. Each style adjusts the ATR factor, which in turn affects the calculation of support/resistance levels. Scalping uses a smaller ATR factor for tighter levels, while Swing opts for a larger factor to accommodate wider price movements.

#### 2. Support/Resistance (S/R) Configuration

* **S/R Ribbon Display**: Toggles the visualization of a ribbon that indicates dynamic support and resistance levels.
* **Previous S/R Levels**: Controls whether past support and resistance lines are displayed on the chart, helping traders to see historical price barriers.
* **Line Numbers and Candle Numbers**: Determine how many lines represent S/R levels and over how many candles these levels should be calculated, providing flexibility in how support and resistance are visualized.

<figure><img src="/files/9YOQ0bP3VP88Nr3A6YjN" alt=""><figcaption></figcaption></figure>

#### 3. Signals

* **Exhaustion Signals**: Identifies potential points of market exhaustion where a price movement could reverse, based on specific conditions like the number of bars moving in one direction followed by a sudden opposite move.

<figure><img src="/files/6miy1vNGeBagofEeqqhr" alt=""><figcaption></figcaption></figure>

* **Moon Cycles**: Optionally includes lunar phases as part of the analysis, suggesting that moon cycles may have an influence on market behavior.
* **Square Root Signals**: Uses a unique method involving square root calculations to identify potential market turning points.
* **P9 Signals**: Marks significant candlestick patterns (like the ninth candle in a sequence) that could indicate a strong buying or selling opportunity.

#### 4. Trend Identification and Management

* **Trend Direction and Reversal**: Uses ATR-based calculations to establish trend direction and identify potential reversal points. This section dynamically adjusts trailing stop levels based on the trend.
* **Buy/Sell Signals**: Generates visual buy or sell signals on the chart when a potential trend reversal is identified, aiding in decision-making.

#### 5. Fibonacci Levels and S/R Ribbon

* **Dynamic Calculation**: Calculates Fibonacci levels dynamically based on the current market conditions and trend, providing areas of potential support and resistance.
* **Ribbon Visualization**: Displays a ribbon between two calculated Fibonacci levels, offering a visual representation of key areas to watch for price action.

#### 6. Spread Analysis

* **Spot/Futures Spread**: Analyzes the price difference between spot markets and various futures contracts. This can indicate market sentiment or arbitrage opportunities.
* **Spread Alerts**: Generates alerts when the spread crosses certain thresholds, potentially signaling a trading opportunity.

<figure><img src="/files/qzRSNDuo9mNSAWcId27P" alt=""><figcaption></figcaption></figure>

Each section of this script contributes to a comprehensive analysis tool for traders, combining traditional technical analysis methods with unique indicators and visual aids to assist in decision-making across different market conditions and trading styles.