The index shows the past untouched support and immunity levels in the kind of horizontal lines. The index can show support/immunity levels from higher timeframes. With here indicator, you can easily see the support/resistance levels from the H4, D1 and W1 timeframes on the H1 chart, which can be a great advantage when looking for entrance chances on H1.

This is the free version of the indicator: Support Resistance Multi Time Frame MT5

The free version only operates on EURUSD and GBPUSD!

• referenceTF: timeframe for calculating support/resistance levels
• colorresistance: color 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.