This indicator recognizes all support and resistance levels.
A number of unique high-performance techniques have been applied, which made the existence of this indicator possible.
All formed channels are naturally visible:
- horizontal linear
- linear
- parabolic
- cubic (3 degree polynomial – Wave)
All parameter management is implemented by a user-friendly graphical interface. The parameters are saved when switching timeframes.
This indicator can be tested quite satisfactorily in the tester when downloading the free demo version, although its normal operation is much more productive and more comfortable.
- Press Ctrl and move the mouse to change the starting position of the bundle of channels.
- The “0” key is a horizontal linear channel (a polynomial of zero degree)
- The “1” key is a linear channel (a polynomial of the first degree)
- Key “2” – parabolic channel (second degree polynomial)
- Key “3” – wave channel (third degree polynomial)
There are two color modes:
- Each formed channel has its own color to easily distinguish the hierarchy of channels.
- All channels have an upper red border and a lower green border to distinguish between support and resistance levels.
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- Each formed channel has its own color to easily distinguish the hierarchy of channels.
- All channels have an upper red border and a lower green border to distinguish between support and resistance levels.
My recommendation is to use a parabolic channel with a channel width of 2 (two standard deviations – the lowest slider)
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