An indicator to identify local resistance/support levels for trading on trend breakout/rebound.

With the help of this indicator, there is a coincidence of minimum / maximum prices, which allows you to identify a large moneymaker order placed. After finding the level, a signal is given, the local resistance or support level is emphasized. You just have to place orders for a breakdown / rebound from the trend line.

It is suitable for trading on the Gerchik system.

The indicator is multicurrency and works on any timeframe.

• Color of line – the color of the line underlining the resistance/support level
• Thickness of line – line thickness
• Analyze bars – the size of the group of analyzed candlesticks
• Deviation (in Pips) – permissible deviation in pips when evaluating a group of candles
• Min matching bars – minimum number of matched candles
• Name file in Sounds – the name of the file in the Sounds folder to sound when a new level is found.