The indicator shows support/resistance levels calculated using the methods by V.B. Antonov (A_Vlad).
for the charts of <M30, it calculates on the preceding hour
for the charts of M30 and H1, it calculates on the preceding day
for the charts of H4 and D1, it calculates on the preceding week
for W1 charts, it calculates on the preceding month
It is adjusted as follows:
1 - degraded price range
2 - normal price range
3 - expanded price range
_Shift: visual length of lines in the chart
I whomped up this indicator on the basis of ^X_Sensors by Mr.WT, Senior Linux Hacker
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8119
A system based on "round" numbers.Rooks Returned
One more interpretation of the well-known ZigZag. The indicator is written to work according the trading system described here: http://forum.fibo-forex.ru/viewtopic.php?t=1368 The indicator works with ZigZag by Rosh (Zigzag2_R_).