Levels ResSup MT4
- Indicators
- Andrei Salanevich
- Version: 1.1
- Activations: 5
The Levels ResSup MT4 trading indicator independently builds support and resistance lines on the price chart, as well as the expected additional channel lines.
INFORMATION ABOUT THE INDICATOR
The indicator has support levels (indicated in blue) and resistance levels (indicated in red). The indicator also has more forming support levels (such levels come in strokes with the colors mentioned earlier).
There are also internal support levels (marked in green) and resistance levels (marked in pink). If they interfere, you can turn them off if you want.
The orange vertical StartTL line can be moved along the history, the lines will be redrawn automatically (if they are not redrawn, update the graph).
In the upper right corner, the Levels ResSup MT4 trading indicator displays the number of support and resistance lines.
The indicator works on all currency pairs, cryptocurrencies and stocks. On all timeframes.
INDICATOR SETTINGS
FirstBar = 1; // The initial line construction bar (vertical line coordinate StartTL )
DeltaBar = 3; // Minimum size of lines in bars
InsLine = true; // Whether or not we are building an additional internal support and resistance line
User didn't leave any comment to the rating