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Support and Resistance Pro MTF

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Démo téléchargée: 5

Publié: 25 juin 2024

Version actuelle: 1.0

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Support and Resistance Pro MTF

Indicateurs
Shashin Punyajith Wijewardhane
Version: 1.0
Activations: 20

This is a multi time frame Support and resistance indicator which works on all forex pairs and commodities. Users can also see the historical support and resistance levels which got taken out .

For Major Forex pairs like EURUSD, GBPUSD, USDCAD , USDCHF, NZDUSD, AUDUSD, EURCHF enable the s&r levels from 5 minutes from the settings. (Lower timeframe snr levels may act as as noise for major currency pairs.)

For Gold and Silver enable all timeframe s&r levels.

Results may vary from broker to broker.

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This indicator shows zones based on daily candles in the chart , Make sure you have enough daily bars in the chart before loading the indicator to the chart, These zones can act as both supply and demand zones. The zones are not subjected to repaint. If you have less zones or no zones for current prizes under the default inputs, try increasing the past days input and the zone sizes values gradually. If you have more zones than you need in chart try decreasing the past days and the zone size val

This is a trend indicator based on ADX and some other oscillators, the indicator change colors on strong trend directions, this indicator is most suitable for scalping purposes, if the lower timeframe shows opposite direction to the higher timeframe direction , the move may act as a retracement. And the lower squares of the indicator uses a higher ADX period, upon their change on color move may be exhausted.

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