The indicator finds and marks the Demark reference points (TD Points) on the chart in real time and indicates their dimension. For the upper reference points, the dimension is displayed as a number above the extremum, and for the lower reference points, as a number below the extremum. Points whose dimension cannot be determined in a given interval of the graph are marked with a colored circle. If the point dimension is determined when adding new bars to the chart, the point will be redrawn according to its dimension.
The indicator is based on economical calculation algorithms and can handle both a significant number of history bars and a large dimension of points.
The indicator can be used to quickly find support and resistance levels, build trend lines, as well as figures of classical technical analysis.
- MinDimesion – the minimum dimension of the key points. The dimension of the Demark reference points, starting from which they will be displayed on the graph.
- CountBars – the number of bars to process. The number of bars starting from the current back, which will be calculated by the indicator. When adding new bars, these bars will be calculated automatically.
- UpPointsColor – the color of the upper reference points.
- LowPointsColor – the color of the lower reference points.