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Indicator shows Support and Resistance Levels.

Support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by multiple touches of price without a breakthrough of the level.

Support and resistance are key concepts that help traders understand, analyze and act on chart patterns in the financial markets. 

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Published

11 January 2021

Updated

Current Version

1.0

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Aleksandr Tamonin February 12, 2021 5:48 am
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The indication is great, but the colours of the facial lines must be produced brighter, these are tough to see. Many thanks towards the writer!