Special levels
- Indikatoren
- Vitalii Zakharuk
- Version: 1.0
- Aktivierungen: 5
The indicator displays a regression channel with channel tracking, effectively creating support and resistance levels.
Support and resistance levels are one of the most important elements of technical analysis. Any trader agrees with this statement. Levels in
trading are used directly, opening and closing orders at the borders of the range outlined by them. Levels also apply the balance of
supply and demand in their trading strategies at various time intervals.
The visual representation of the boundaries of the zones of the struggle between sellers and buyers is very convenient and serves as an
excellent guide for all market participants.
The indicator implements one of the most common and effective algorithms designed to determine strong horizontal levels. The tool makes it
possible to visually observe on the terminal screen the levels differentiated by their strength. Moreover, such a picture is
displayed on any timeframe.