SupRes Level SRL

An indicator for determining and displaying support and resistance levels on the H4 chart over the past 180 days. The algorithm searches for local minima and maxima, filters levels to eliminate closely spaced values, and then visualizes them on a graph.

Defining key levels

Support levels: lows at which the price slowed down or reversed upward.

Resistance levels: highs where the price had difficulty rising further.

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