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Support and Resistance Auto

The indicator displays the levels that are extremes for the specified time frames.

  • Resistance level is the maximum price of the last closed bar;
  • Support level is the minimum price of the last closed bar;
My #1 Utility: includes 65+ functions  |  Contact me if you have any questions

2 operating modes:

  1. Real bodies: Open and Close prices will be used;
  2. Extremes: High and Low prices will be used;

This indicator:
  • Helps to see potential reversal levels;
  • Patterns formed near the levels have more potential;
  • When working on a lower time frames - help you to see the overall picture;

Input Settings:

  • TimeFrames: M5, M15, M30, H1, H4, D1, W1, MN; The indicator will display the levels of those timeframes that are marked TRUE;
  • Use Real Bodies: 1) if true: real bodies will be used (Open, Close); 2) if fal se: extreme values will be used (High, Low);
  • Line Colors: the color of lines and labels for each time frame;
  • Lines on Background: if (true): draw lines in the background;
  • Line Style: (solid/dotted/dash...);
  • Line Width;
  • Font Size: for labels;
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Utilidades
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Utilidades
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Makarii Gubaydullin
Utilidades
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Makarii Gubaydullin
Utilidades
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Indicadores
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Utilidades
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Indicadores
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Utilidades
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Makarii Gubaydullin
Asesores Expertos
Short-term scalper Currency pair: EURUSD; Timeframe: 5 minutes. My   #1 Utility : includes 65+ functions  |   Contact me  if you have any questions Since the EA works on a low timeframe, it is important to use a broker where the typical spread on EURUSD does not exceed 2 . A higher spread can significantly affect the results. The strategy is based on the idea of long-term stability. The results attached in the screenshots are a backtest from 1999.
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Versión 1.10 2021.06.13
Added the ability to select the line thickness;
Added tooltips for lines;
Fixed some internal bugs;