Trend detecting indicator that draws a blue support line when the market grows and a red resistance line when the market falls. Works on a\ll currency pairs and timeframes.
The main advantage of this indicator is drawing support and resistance lines from a higher timeframe that can be used for placing stop loss.
Input Parameters Description:
- HeadHour - in case you need to draw a higher timeframe.
- StarTime - sets the higher timeframe.
- BarIstiri - calculated bars.
- BarPeriod - the number of bars for drawing.
- alert - sound alert about trend change.
- Reiterative - the number of repeated sound alerts about trend change.