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Accurate Support and Resistance Tool

30 USD

Demo downloaded: 63

Published: 10 December 2020

Current version: 1.0

Accurate Support and Resistance Tool

Utilities
Riedwaan Shaheed Patel
Version: 1.0
Activations: 5

Making Charting simple!

The Support/Resistance EA combines a sophisticated neural network algorithm with an Average Range computation to make your supply and demand zones easy to spot!

The EA is very easy to use and can save you valuable time when charting through financial instruments. Areas of consolidation are highlighted according to your preference and timeframe, making it easier to identify areas of break-out or small regions to scalp.

Features:

Choose two Timeframes (From 1 Minute up to 1 Month available) and the EA will automatically chart areas of Supply/Demand
Choose the period of each Timeframe being used
Control the color of the Ranging region
Variable Support/Resistance line Width and Style
Cleans up previous Support/Resistance regions upon initialization
Can be used on any Financial Instrument

Recommended Settings:

Higher Timeframe	Above lower Timeframe Eg. 1 Day
Higher Timeframe Period	Between 30 - 60
Lower Timeframe	Below higher Timeframe Eg. 4 Hours
Lower Timeframe Period	Atleast 50% of Higher Timeframe Period
Region Fill Color	Anything light Eg. Aqua
Object Border	Black
Level (Color)	Red
Line Style	Dash
Line Width	1

WARNINGS : For " Array out of range" error, please reload the EA and this will be corrected. Also note that the current build of MT5 does not draw the Rectangle objects in the strategy tester but works correctly on the actual running charts. Only support/resistance lines will be plotted in the strategy tester

Please feel welcome to message me with any concerns. Thank you for your support!!!!

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