The indicator calculates forecast prices of the daily price range. It shows resistance and support levels of current day using the prices of the previous day. The formulae for calculation of price levels can be found in "The New Science of Technical Analysis" book by Thomas R. DeMark.
The indicator was first implemented in MQL4 and published in CodeBase at mql4.com 11.11.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/783
This indicator shows the "ultimate support/resistance" levels of current trend. Trend changes is shown with color rectangles, trend direction is shown with colored dots.StoDiv
This typical signal indicator is based on Stochastic oscillator and Fractals technical indicators.