This indicator shows the Support and Resistance zones in a different way with Boxes that extend to the right and show the candle that has broken a minimum number of High or Low
The user has the possibility to: - Choose to show High or Low levels not yet broken - Shows candles that have broken a total of high or Low that you pre-set - Choose to show a Box on candles that have broken the minimum of the preset levels - Choose to show the total of broken levels with a Label on the candle
The indicator should be used as OHLC shows in its concepts, it can also be implemented to your Support and Resistance strategies, it can be implemented to Sessions strategies as in the Example
Below I show various examples on how to set the indicator for show High or Low levels not yet broken
If something is not clear, comment below and I will reply as soon as possible.
Notas de Lançamento
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Added the following functions: -Possibility to change the color of the candles that respect the broken lines -Possibility to change the line and color of the Boxes -Added function to view sessions, with the possibility of viewing only today's sessions
@minerlancer Superb Sir! Sir ,when i applied this to chart, i often Saw the horizontal lines appear on top and bottom candle wick (1 candle that have upper and lower week..there was the horizontal lines at upper and lower wick)..what does it means Sir?
Sometimes the horizontal lines came above the upper wick horizontal line...what does it means Sir?
Thanks mate
Giovanni-1-
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@ukmpits, Hi, I didn't understand, insert an example, in any case the indicator marks the High and Low that have not been broken, and therefore can be used as Take Profit, it also has the possibility of marking and creating a box on the candles that have broken The more High or Low, a candle that breaks many Highs or Lows has a higher probability of being a good support or resistance (as I have shown in the example)
ukmpits
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@minerlancer, Noted Sir..Thank for the comprehensive explanation.. I am getting to understand little by little..God Bless You