- Reviews (2)
- Comments (1)
- What's new
Support Resistance Fibonacci
Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices.
Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher.
This indicator will draw the Support and Resistance lines calculated on the nBars distance.
If input parameter Fibo = true then the Fibonacci lines will appear between those lines.