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Suport Resistance

The indicator compares Fractal and Zigzag indicators to define hard Support and Resistance.

The arrow signal appears when a new support or resistance emerges or when the price breaks through Support and Resistance zone.

This indicator is efficient in conjunction with a rebound and breakout strategy.

It works well on H4 and D1 for all pairs.


Settings

  • BarCounts = 200;
  • FastPeriod = 7 - fast period
  • SlowPeriod = 14 - slow period
  • Show_SR = true - show support/resistance
  • Show_Arrows = true - show up/down arrows
  • Alert_Settings = "+++++++++++++++++++++++";
  • SendMailMode = false - send a signal email
  • SendNotificationMode = false - send a push notification to your phone
  • AlertMode = false - sound alert
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版本 2.0 - 2015.09.22
Fixed:
Show_Arrows bug.