SupportandResistanceLines
- Indicatori
- Antony Maina Mbuthia
- Versione: 1.1
- Attivazioni: 5
S&R indicator automatically finds the closest support and resistance levels (or zones) for the loaded traffic.
•The indicator works on all timeframes (it is advisable to choose at least M15)
•The indicator works on all markets
•Doesn’t redraw
•Flexible settings
The work of the indicator is based on the fractal indicator built into the MT4 platform. The fractal is a local extremum described by Bill Williams.
The support and resistance indicator automatically finds the levels or zones, where several recently formed fractals are located. It is a sign that the level / zone works as support / resistance.