Real time support & resistance levels with something I like to call real candles. This is a complex overlay indicator which uses several algo's to calculate a real support and resistance level. (To be honest I wasn't even going to release it to the public, so please do leave positive feedback... This indicator has over 100 lines and took me several hours of hard work. So I do appreciate your support <3 )
Features: - Real Candles (Evaluates price action and gives each candle a different color based on how bullish or bearish they are) - Adaptive S/R levels (This are real time support & resistance levels found with algo's, they are most likely to be respected again) - Confirmed S/R levels with Experimental EMA (Are more likely to be respected than adaptive S/R due to a confirmation by Experimental EMA & KC) -Squeeze Bars (Fuchsia colored bars which indicate a squeeze in the market) -Trend Lines (Work in progress, if you have functioning trend lines I do appreciate any feedback on how to work them out. Not in public version)
Key: Real Candles: 1) Green : Bullish 2) Red : Bearish 3) Lime : Strong Bullish 4) Black : Strong Bearish
S/R: 1) Green: Support 2) Red: Resistance 3) Orange: Previous S/R levels 4) Blue: Confirmed level of S/R
Squeeze: 1) Fuchsia: Squeeze
Notas de prensa
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Just wanted to update the chart image... Thank you!