Price Action Support Resistance Levels
This is a price action support resistance level indicator for MT4, simply working in all time frames and all chart types.
It creates Major support/resistance in specified time frame.
You can also add a support/resistance level manually. For doing this, first add a horizontal line to the chart and rename it to 'Line'.
timeFrame: You can select one of these values (M1, M5, M15, M30, H1, H4, D1, W1 and MN) or leave it empty to use Current Timeframe.
majorLineColor: To specify color for Major support/resistances which will created automatically
majorLineShaddowColor: To specify shadow color for majorLineColor
minorLineColor: To specify color for Minor support/resistances which you can create manually
minorLineShaddowColor: To specify shadow color for minorLineColor
In version 2.0:
- Level calculations bug fixes
- Adding a feature to manually create support/resistance