ASH Support Resistance
This is a pure price action and no repaint indicator to calculate support and resistance zones to be easily used in different kind of strategies and expert advisors. No other indicator are used. This indicators does not send trading signals. It's useful when you combine different concepts and enter trades or set targets based on support and resistance. Each horizontal line (depending on color) can be represented as a level.
There are some inputs available:
- apply_price: Use shadows(high and low) or close prices to do calculations.
- candles_back: Number of candles to look back.
- sensitivity: If you increase the number the sensitivity will be decreased and the opposite.