Untitled

//@version=6
indicator("EasyCator Bounce Zones", overlay=true, max_boxes_count=500)

rightBars=input(20,'Pivot Size',tooltip="the higher the pivot size, the bigger the bounce zones")
leftBars  = rightBars  
lookBack=input(300,'Candles Searched',tooltip="How many candles it looks back to detect Bounce Zones")

atr_val = ta.atr(14)

ph = ta.pivothigh(high, leftBars, rightBars)
pl = ta.pivotlow(low, leftBars, rightBars)

lastBar = last_bar_index
pIndex = bar_index - rightBars

calcHeightHigh() =>
    wick = high[rightBars] - math.max(open[rightBars], close[rightBars])
    body = high[rightBars] - low[rightBars]
    h = wick >= atr_val and wick <= 5 * atr_val ? wick : (body >= atr_val and body <= 5 * atr_val ? body : (wick < atr_val and body < atr_val ? atr_val : 5 * atr_val))
    h

calcHeightLow() =>
    wick = math.abs(math.min(open[rightBars], close[rightBars]) - low[rightBars])
    body = high[rightBars] - low[rightBars]
    h = wick >= atr_val and wick <= 5 * atr_val ? wick : (body >= atr_val and body <= 5 * atr_val ? body : (wick < atr_val and body < atr_val ? atr_val : 5 * atr_val))
    h

// Arrays to store box IDs and their pivot levels
var supplyBoxes  = array.new_box()
var supplyLevels = array.new_float()
var demandBoxes  = array.new_box()
var demandLevels = array.new_float()

// Function to check and remove overlapping zones
removeOverlappingZones(array<float> levelsArray, array<box> boxesArray, float newLevel) =>
    i = array.size(levelsArray) - 1
    while i >= 0
        existingLevel = array.get(levelsArray, i)
        if math.abs(existingLevel - newLevel) <= atr_val  // Overlap detected
            box.delete(array.get(boxesArray, i))
            array.remove(boxesArray, i)
            array.remove(levelsArray, i)
        i := i - 1

// Create supply (resistance) box if conditions are met
if not na(ph) and pIndex >= (lastBar - lookBack) and pIndex < lastBar - 1 and close <= ph
    removeOverlappingZones(supplyLevels, supplyBoxes, ph)  // Remove older overlapping zones
    height_box = calcHeightHigh()
    b = box.new(pIndex, ph, lastBar, ph - height_box, border_color=color.red, bgcolor=color.new(color.red, 80))
    array.push(supplyBoxes, b)
    array.push(supplyLevels, ph)

// Create demand (support) box if conditions are met
if not na(pl) and pIndex >= (lastBar - lookBack) and pIndex < lastBar - 1 and close >= pl
    removeOverlappingZones(demandLevels, demandBoxes, pl)  // Remove older overlapping zones
    height_box = calcHeightLow()
    b = box.new(pIndex, pl, lastBar, pl + height_box, border_color=color.green, bgcolor=color.new(color.green, 80))
    array.push(demandBoxes, b)
    array.push(demandLevels, pl)

// Iterate over supply boxes in reverse order using a while loop
i = array.size(supplyBoxes) - 1
while i >= 0
    level = array.get(supplyLevels, i)
    if close > level  // Delete if price closes above resistance
        box.delete(array.get(supplyBoxes, i))
        array.remove(supplyBoxes, i)
        array.remove(supplyLevels, i)
    i := i - 1

// Iterate over demand boxes in reverse order using a while loop
j = array.size(demandBoxes) - 1
while j >= 0
    level = array.get(demandLevels, j)
    if close < level  // Delete if price closes below support
        box.delete(array.get(demandBoxes, j))
        array.remove(demandBoxes, j)
        array.remove(demandLevels, j)
    j := j - 1