Tails is an indicator that predicts where the price will rebound when the daily candle reaches its maximum.
The indicator should be used on timeframes below D1.
By default, the indicator draws 2 lines of resistance and support. If necessary, you can enable the drawing of 3 resistance and support lines by setting the Extended_Levels parameter to true.
- Extended_Levels-show additional lines on the chart;
- Clr_Support – Support line color;
- Clr_Resistance – color of the resistance lines;
- Clr_Seperator – color of the day separators;
- Line_Style – the style of the lines.