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Loop Level

The indicator displays the real support and resistance levels for the current day. Use it on the periods from M15 to D1. Settings are very simple and clear.

Indicator Parameters

  • Days - the number of past days for calculation.
  • Level Color - color of the levels.
  • Level Save - keep the levels in history.
  • Bars - the minimum number of bars to search for levels.

Recommendations: the higher the value of Bars the more important are the levels. The value of Days must be greater than the value of Bars by one. The value is selected for each financial instrument individually. The optimal value for Bars is from 3 to 5. You can also try out different values.

Tim Eubanks
2018.03.08 03:53 

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