Dynamical Support and Resistance [Fournier-Eaton]

The Dynamical Support and Resistance Indicator finds support and resistance levels.

The plot is price relative: if the indicator nears one of its supports or resistances then the price is likewise nearing a support.

The levels are dynamical: once a support or resistance is broken, a new calculation is performed.

There are 3 supports and 3 resistances each with a longer time-frame. Breaking through the first shouldn't signal much, breaking through the third is programmed to only happen at a significant number of standard deviations.

Enjoy. Feedback appreciated

Notas de prensa:

• Clearer Upper and lower levels
  
• Enhanced performance in higher volatility
  
• More responsive tight-bound levels.
  

Notas de prensa:

- Clearer zones by coloring
- Better self-adjusting look-back.