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Indicators: Dynamic Auto Resistance Support

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Automated-Trading 2014.05.23 11:27 

Dynamic Auto Resistance Support:

This technical indicator detects constant price zones and draws resistance and support lines.

It checks the market movement for any market and any time frame. If a bar is not abnormally large, the indicator checks back and searches for other bars within the same price zone.

If enough candles are found, it draws lines on this level. The lines will continued till the next zone is identified.

Dynamic resistance and support screenshot

Author: Michael Schmidt

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