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Indicators: Dynamic Auto Resistance Support

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Automated-Trading
Admin
108096
Automated-Trading  

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

Sergey Golubev
Moderator
99791
Sergey Golubev  
shaileshm
96
shaileshm  
do you have a mt4 version?
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