Limit Levels AM
- Indikatoren
- Andriy Matviyevs'kyy
- Version: 10.0
The presented indicator sets dynamic support/resistance levels on the price chart.
The support/resistance levels set by the indicator are reasonable levels for setting pending orders.
The middle line of the indicator (Central level) helps to identify the current trend:
- If the closing price is above the central line - the trend is ascending.
- If the closing price is below the central line - the trend is descending.
The indicator is easy to use and can be useful for both beginners and professional traders.
Configurable parameters of the indicator:
- Sensitivity - the period of data minimums/maximums of which are taken to determine the dynamic support/resistance levels;
- Depth - the depth of drawing levels.