Description
Price for this indicator: $20/ lifetime
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Please visit https://fx4u.net/ to get this indicator or contact https://t.me/vnfx4u/ for more details
Multi-timeframe support and resistance indicators typically allow traders to visualize these levels across different timeframes, such as hourly, daily, weekly, or monthly charts. By incorporating multiple timeframes, traders can gain a broader perspective on where key price levels are located and how they may influence price action.
This type of indicator can help traders make more informed trading decisions by identifying significant support and resistance levels that may impact price movements over various timeframes. It can also help traders anticipate potential reversals or breakout opportunities when the price approaches these levels across multiple timeframes.
There are three types of support & resistance levels:
The three support and resistance indicators are built into this single indicator allowing you to plot your supply and demand zones on the chart with the following settings.
- Period value.
- Timeframe.
- The number of extremum – This is the number of current + past Support/Resistance points displayed. For example, if we choose 2, the indicator will select another Support and Resistance point in the past.
- Name and colour of the indicator.
Support and resistance levels that are significant on higher timeframes tend to carry more weight and by using a multi-timeframe indicator, traders can confirm the importance of a level if it appears consistently across multiple timeframes. This confirmation increases the reliability of the level and enhances traders’ confidence in their trading decisions.
Wishing you successful trading!
using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using cAlgo.API;
using cAlgo.API.Collections;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
namespace cAlgo
{
[Indicator(AccessRights = AccessRights.None)]
public class Fx4UMultiTimeframeSupportResistance : Indicator
{
protected override void Initialize()
{
MessageBox.Show("Please visit https://fx4u.net/ to get this indicator or contact https://t.me/vnfx4u/ for more details");
}
public override void Calculate(int index)
{
}
}
}
Fx4U.net
Joined on 30.10.2021
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: [Fx4U] Multi Timeframe Support & Resistance.algo
- Rating: 4
- Installs: 1030
- Modified: 18/04/2024 10:04
