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.
Author: Michael Schmidt
Forum on trading, automated trading systems and testing trading strategies
Indicators: Support and Resistance
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Support and Resistance Technical Indicator
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