PROTECTED SOURCE SCRIPT
TraderTroys 5MMSR
TraderTroys 5 Minute Major Support / Resistance Indicator
This is to only be used on the 5 minute time frame. It's sole purpose is to reveal up coming major support and resistance.
Green = Less reliable
Yellow = More reliable
Red = Very reliable
However, I would recommend back testing this *by applying it to your chart and watching how price action plays with the lines.*
I would not recommend only trading based off this indicator, but use it as a form of confluence with others.
It's built around multiplications of the average price.
Here is a great example of it working:
This is to only be used on the 5 minute time frame. It's sole purpose is to reveal up coming major support and resistance.
Green = Less reliable
Yellow = More reliable
Red = Very reliable
However, I would recommend back testing this *by applying it to your chart and watching how price action plays with the lines.*
I would not recommend only trading based off this indicator, but use it as a form of confluence with others.
It's built around multiplications of the average price.
Here is a great example of it working:
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Trading Community: bit.ly/tradingcomm
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Trading Community: bit.ly/tradingcomm
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.