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Minimum / maximum support resistance zones - indicator for MetaTrader 5
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- 20297
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- Published:
- 2020.10.31 16:23
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This indicator is as simple as it gets :
- it calculates a series of minimums over a certain period of bars
- it calculates a series of maximums over a certain period of bars
- then it uses such a minimum and maximum to get an average minimum to maximum state
- a combination of multiple such "levels" are showing a "trend" and a possible support or resistance zones
Recommendations:
- Use it as any other support resistance indicator
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