Hello

Is the R and S fixed or it calculate every candle?

Please tell me more about the system-Thanks a lot

Hello

Each time a candle is formed, a search for extremes is performed. The depth of the search is determined by the "Depth" parameter.

After that, the algorithm of grouping extremums into levels is launched. At this stage, the "Levels area" parameter is important. It determines the spread of extrema on the price scale, which can be combined into one level.

After formation, the levels are filtered. For a description of filters, see the What's New tab.

After that, the levels are displayed on the screen.
If the formation of a new candle does not change the extremes, then the levels will remain in their places.
In order to see what extremes the level consists of, click on it with the mouse (see item 4 of the description of version 1.12 in the "What's new" tab).

Hi Serhii,

what does the u=% on the right hand side of the S/R-Line  stands for?

Hi

"U" means "usage":

If you do not need this option, you can hide it.
To do this, set it in Settings "Usage label position: None".

Nice Utility, but since the last update only the period-setting "current" works. Result is, you can't set lines from different periods on one chart any more.

Could you please repair it.

Thanks and regards