Support and Resistance Levels by svidoks

Support and Resistance Levels by svidoks

Options:

Dist_set_limit - 300, this is the value in pips. When the price approaches at this distance, a limit will be set to the zone

Dist_del_limit - 400, this is the value in pips. When the price moves at this distance from the zone, the limit will be removed

shift_trend_ind - parameter affecting the drawing of trend lines

One_Limit_Zone - set only one limit per zone

proc_deviation, koef_impuls, N_High_back, Z_bar_min - the default settings are optimal, you can certainly play around.

The drawing of the support and resistance zone depends on these parameters.

safe - safe

n_Bars - number of bars involved in drawing zones

On_TP_Buy - take profit when reaching the support level

On_TP_Sell - take profit when the resistance level is reached

ON_Close_zone - Close an order when the zone is closed?

ON_Close_ind - Close orders by indicator (trend line)

Key level order block indicator automatically draws order blocks on the chart for you

The key level order block does not re-paint

The key level order block works on all markets from stocks, indices to currency pairs aswell as crypto-currency.

support resistance automated

Advantages:

✅Work with all pairs (Forex, Crypto, indices and commodities)

✅We work with all timeframes. (Recommended timeframe: M15 and above)

✅Support and resistance levels are used to identify key levels at which the price trend is more likely to stop and possibly change direction.

✅ Low risk entries.

✅Can be used as an advisor.

✅Can determine supply demand zones.

✅Can place orders in zones.