The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to selling interest when prices have increased.
There are many ways to identify support and resistance zones. This indicator is a simple method to identify them. Support/Resistant zones will draw basing on the size of the wick for candles, which are Pivots High/Low before.
This is the perfect support resistane indicator. there should be option to delete it after 150 or 200 period if untested . currently max count is 30 and also an option for high low lines only along with current zone setting
TrendCrypto2022
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@ElevenMay2022, thank you. I call it be simple. I will try with your idea in next time.
d.umesh
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Hello sir, Thnx for your Hard work. One Request from my side is can you put option for font size/Colour coz font size is tiny so facing problem to read (If possible) M Waiting for your Reply. Thnx
StrikeTrades
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Hi, great job. Hope to have an option to change the colours of the zones and price labels.
TrendCrypto2022
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@StrikeTrades, sure. I will code it as soon as possible.