Support and Resistance Auto

The indicator displays the levels that are extremes for the specified time frames.

• Resistance level is the maximum price of the last closed bar;
• Support level is the minimum price of the last closed bar;

2 operating modes:

1. Real bodies: Open and Close prices will be used;
2. Extremes: High and Low prices will be used;

• Helps to see potential reversal levels;
• Patterns formed near the levels have more potential;
• When working on a lower time frames - help you to see the overall picture;

Input Settings:

• TimeFrames: M5, M15, M30, H1, H4, D1, W1, MN; The indicator will display the levels of those timeframes that are marked TRUE;
• Use Real Bodies: 1) if true: real bodies will be used (Open, Close); 2) if fal se: extreme values will be used (High, Low);
• Line Colors: the color of lines and labels for each time frame;
• Lines on Background: if (true): draw lines in the background;
• Line Style: (solid/dotted/dash...);
• Line Width;
• Font Size: for labels;