The indicator compares Fractal and Zigzag indicators to define hard Support and Resistance.
The arrow signal appears when a new support or resistance emerges or when the price breaks through Support and Resistance zone.
This indicator is efficient in conjunction with a rebound and breakout strategy.
It works well on H4 and D1 for all pairs.
- BarCounts = 200;
- FastPeriod = 7 - fast period
- SlowPeriod = 14 - slow period
- Show_SR = true - show support/resistance
- Show_Arrows = true - show up/down arrows
- Alert_Settings = "+++++++++++++++++++++++";
- SendMailMode = false - send a signal email
- SendNotificationMode = false - send a push notification to your phone
- AlertMode = false - sound alert