Support and Resistance is an indicator created by using softened moving averages and candle formations and passing through certain filters.
Support and Resistance is the indicator of an algorithm that works very efficiently in the horizontal market in a time interval of 5 minutes.
The blue and red lines serve as both support and resistance. When there is a new support or resistance, the lines are renewed. But it always has the ability to work on its previous lines
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and neither I or Support and Resistance are responsible for any financial losses you may incur by using this script!
Support and Resistance is the indicator of an algorithm that works very efficiently in the horizontal market in a time interval of 5 minutes.
The blue and red lines serve as both support and resistance. When there is a new support or resistance, the lines are renewed. But it always has the ability to work on its previous lines
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and neither I or Support and Resistance are responsible for any financial losses you may incur by using this script!
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