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Extreme Support and Resistance


The indicator displays the levels that are extremes for the specified time frames.

  • The resistance level is the maximum price of the last closed bar;
  • The support level is the minimum price of the last closed bar;
2 operating modes:
  1. Real bodies: open and close prices will be used;
  2. Extremes: maximum and minimum price will be used;
  • helps to see potential reversal levels;
  • patterns formed near the levels have more potential;
  • when working on low time frames allows you to see the big picture;

Settings:


When loading the indicator, you will be presented with a set of options as input parameters.

  • TimeFrames: M5, M15, M30, H1, H4, D1, W1, MN; The indicator will display the levels of those timeframes that are marked true;
  • UseBodies: 1) if true: real bodies will be used (Open, Close); 2) if false: extreme values will be used (High, Low);
  • LineColors: the color of lines and labels for each time frame;
  • LinesAsBackground: if (true): draw lines in the background;
  • LineStyle: line style (solid/dotted...)
  • FontSize: font size of labels;































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