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KL Truncated Support Resistance Lines

The indicator plots only ‘’fresh’’, valid lines of support and resistance levels. Lines can be drawn according to short and long time range. If price hits support or resistance line, then line is no longer drawn. Truncated support and resistance lines clearly indicate you price range or breakout levels. Also old, insignificant lines do not cause mess on your chart. Great tool for Scalpers and Day Traders. Works with any chart type, on any time frame! Get it now!


Inputs

  • Period in minutes which according to it lines are plot. Value 0 means current period.
  • Delete lines if chart period is changed? If you want to see truncated S/R lines for fixed indicator period, then set false value.
  • Colours of resistance lines.
  • Colours of support lines.
  • Style of short range lines of support and resistance.
  • Width of short range lines of support and resistance.
  • Style of long range lines of support and resistance.
  • Width of long range lines of support and resistance.
  • Amount of bars in short time range. If amount of bars on chart is lower than double amount of bars of short range, then this value is automatically divided by two.
  • Total amount of bars for long time range.
  • Are the lines of support and resistance will be selectable?
  • Delete old insignificant lines reached by price?
  • ZigZag depth – according to it lines of support and resistance are plot.
  • ZigZag deviation – according to it lines of support and resistance are plot.
  • ZigZag step – according to it lines of support and resistance are plot.
  • Scale fix and set price level on middle of the chart?
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Version 1.14 2016.11.11
Blinking S/R line and sound alert will inform you if price is in short range.
Alternately by keystroke F (on/off) chart "autofocus" allows you keep price in middle of the chart.