This indi will draw the levels and then delete if older than your selected bars. The turn is calculated on above/below opens not closes as that seems to get most of the turns and this makes it slightly different than just the dots from a programing point of view.
I prepared a video to show it in use with Bollinger bands as this seemed to illustrate how the indi worked quite well. You can have a look if you like here>>. Parabolic S&R Levels Video.
Very basically the more previous crosses in bars past that are close together show the strength of the resistance/support level. I have noticed that price tends to want to break
into clear ground which is easy to see as clear chart area.
A support and resistance indicator to assist in setting stop losses and take profits with any strategy.AggM
AggM is a composite trend and mean-reversion indicator.
This is the Doda-Donchian v2 created by Gopal Krishan Doda, but when I use this indicator, I found some error and I have to fix it. also adding features price and candle time. Doda-Donchian v2 mod fix-->Fix Stop Loss ColorBPA - D1 London Session
Ricx - 1st indicator submit This indicator will plot EURUSD D1 candlestick chart on white or other bright background.