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Support and Resistance Levels by svidoks

Demo downloaded: 13

Published: 8 May 2022

Current version: 1.3

Support and Resistance Levels by svidoks

Utilities
Ekaterina Sakalchikova
Version: 1.3
Activations: 5

Support and Resistance Levels by svidoks

This utility draws support and resistance zones to which the price reacts well.

It also has a trend indicator that works on the basis of support and resistance zones.

You can work with the indicator-advisor both manually and automatically (there is also an external control panel).

Group for support, you can also write your Wishlist and wishes - telegram chat

Supports all currency pairs

Options:

Dist_set_limit - 300, this is the value in pips. When the price approaches at this distance, a limit will be set to the zone

Dist_del_limit - 400, this is the value in pips. When the price moves at this distance from the zone, the limit will be removed

shift_trend_ind - parameter affecting the drawing of trend lines

One_Limit_Zone - set only one limit per zone

proc_deviation, koef_impuls, N_High_back, Z_bar_min - the default settings are optimal, you can certainly play around.

The drawing of the support and resistance zone depends on these parameters.

safe - safe

n_Bars - number of bars involved in drawing zones

On_TP_Buy - take profit when reaching the support level

On_TP_Sell - take profit when the resistance level is reached

ON_Close_zone - Close an order when the zone is closed?

ON_Close_ind - Close orders by indicator (trend line)

Key level order block indicator automatically draws order blocks on the chart for you

The key level order block does not re-paint

The key level order block works on all markets from stocks, indices to currency pairs aswell as crypto-currency.

support resistance automated

Advantages:

✅Work with all pairs (Forex, Crypto, indices and commodities)

✅We work with all timeframes. (Recommended timeframe: M15 and above)

✅Support and resistance levels are used to identify key levels at which the price trend is more likely to stop and possibly change direction.

✅ Low risk entries.

✅Can be used as an advisor.

✅Can determine supply demand zones.

✅Can place orders in zones.

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