The indicator determines and reflects the significant support / resistance levels based on the algorithm for determining the volatility and the pattern in which the body of the candle is more than 2 times smaller than the size of the candle.
In addition, based on the received data, the indicator determines the prevailing current market movement.
Settings:
- TimeFrame – timeframe to calculate;
- Candles in history – How many candles to take for analysis;
- Line color – the color of the support / resistance lines;
- Line thickness – Line thickness;
- Line type – the type of lines;
- Text color – The color of text labels;
- Text size – Text size;
- Display trend direction? – Show trend direction?
- Trend direction text size – text size;
- UP trend text color – The text color for a bullish trend;
- DW trend text color – Color is a bearish trend;
- Flat text color – The text color when motion is undefined.
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