Better Support Resistance

Better Support & Resistance shows the optimal support line and / resistance zone. It is based on fractals (Fractals) you selected multiplier. All fractals are collected, weighed, expand and unite in a clear set of support / resistance lines. The next line is displayed as the areas where the price is in the area.

Better Support & Resistance gives you a complete picture of the important price levels.

settings

Indicator Settings Support & Resistance defaults are effective most of the time. Almost all of them are fairly standard. Below are those that are in need of explanation.

• Fractal factor (2..10) - fractals (2-10) multiplier. The higher the value, the more fractal. Try with different values.


• Timeframe - timeframe, which will display.


• Color Palette - color palette: Dark (dark) or Light (light). "Come over to the dark side, Luke."


• Colors - colors.

Display

1. Fractals are displayed as a circle with a number inside the fractal.


2. Support / resistance levels starting from fractals. The line may be a result of expansion and merger of several others.


3. Highs and lows of the next areas of support / resistance are displayed as horizontal dotted lines.


4. Zone takes the color, if it is the price. This means a possible reversal.

Better Support & Resistance - an effective tool to identify potential reversal zones.

If you have any questions, email me. Opinions, suggestions are also welcome. Only with your help I can create more effective tools for MT4.

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