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Simple Support/Resistance indicator

Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=59640
Forum: 17 · Topic 59640 · 2 post(s)


Simple Support/Resistance indicator

Alexander.Gettinger · Wed Oct 09, 2013 6:02 pm

Formulas: Support[i] = 2Min-Max, Resistance[i] = 2Max-Min, where Max, Min - maximum and minimum prices at range from (i-Length) to (i-1).

Simple_Support_Resistance.PNG

Download:

Simple_Support_Resistance.lua

The indicator was revised and updated


Re: Simple Support/Resistance indicator

Apprentice · Mon Jun 12, 2017 6:09 am

The indicator was revised and updated.