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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Price reach indicator. It also serves as the perfect term for supports and resistance. I use it in two experts. The basic tool for professional trading. The indicator analyzes the last 500 bar and uses this to determine the levels ( but it doesn't predict the future ) . Personally, I use it on TF H1.  It is very simple. Four lines on chart and that's all. Only two input parameters.  Thousands of indicators. Why this? Is good ? No! Is very good. Please test the indicator prior to purchasing. You
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