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Support and resistance levels

3 800 USD

Demo downloaded: 437

Published: 4 August 2014

Current version: 3.1

Support and resistance levels

Indicators
Alexandr Bryzgalov
Version: 3.1
Updated: 19 September 2021
Activations: 7

The indicator displays the probable (Support and resistance) levels.

The indicator draws horizontal and trend levels of support and resistance.

The indicator settings:

Trends - the mode for displaying trend lines or horizontal lines of support and resistance

Yes - display trend lines only
No - display horizontal lines only

UseResource - use the resources built into the indicator.

Yes - use the ZigZag indicator from the resources of the product.
No - use a custom ZigZag indicator.

HistoryBar - the number of bars in history for displaying the levels
CountBar - the number of bars starting from the current to search for the support and resistance levels
Settings of the ZigZag indicator used in the product:

Depth — the minimum number of candlestick, for which Zigzag will not draw the second maximum (or minimum), if the last one is Deviation less (or greater) than the previous one;
Deviation — the minimum number of points between the Highs/Lows of two adjacent candlesticks for the Zigzag to form a local top/bottom;
Backstep — the minimum number of candlesticks between the local Highs/Lows.

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Reply from developer Alexandr Bryzgalov 2021.09.14 13:34 #

Hi.
Most likely you received a notification about how you downloaded the indicator earlier. Recently I updated the Support and resistace levels indicator, so you received a notification.

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1 2

Version 3.1 2021.09.19

The error that occurs if the HistoryBar parameter is larger than the size of the input timeseries has been fixed.

Version 3.0 2021.09.14

Now the indicator gives up and down signals.

Version 2.54 2021.03.04

Added prefix to object names. Made for error-free drawing of lines from different copies of the indicator with different settings.

Version 2.53 2021.02.20

Исправлена отрисовка трендовых уровней при обновлении экстремумов

Version 2.52 2020.12.07

At the request of users, added the ability to change the color of the levels.

Version 2.51 2020.04.15

Обновление по просьбе сервиса.

Version 2.5 2018.11.26

The informational message displayed in the lower right corner of the chart to which the indicator is attached has been deleted.

Version 2.1 2017.04.25

Fixed the text of the information message which appears when a new support/resistance level is identified.
Added the indicator message in the bottom right corner of the chart, to which the indicator is attached.
Added a new "Trends" mode for displaying the support and resistance lines. The standard ZigZag is used for identification of levels in this mode. Parameters of the ZigZap have been moved to settings. The parameters provide the ability to select (UseResource) the ZigZag to be used - the one attached to the indicator as a resource or a custom ZigZag. When UseResource=No, the indicator loads faster.

Description quality and completeness
Reliability and usability
User support