The index shows the past untouched support and immunity levels in the kind of horizontal lines. The indicator can show support/immunity levels in higher timeframes. With this indicator, you can easily see the support/resistance levels from the H4, D1 and W1 timeframes on the H1 graph, which can be a great advantage when looking for entry opportunities on H1.
This is the complete version of the indicator: Support Resistance Multi Time Frame MT5 FREE
- referenceTF: timeframe for calculating support/resistance levels
- colorresistance: colour of the resistance line
- colorSupport: the color of the line support
- widthoflines: the thickness of the lines (from 1 to 5). Different thickness of the lines helps to distinguish levels of support and resistance in different timeframes.