Supports and Resistances:
These indicators use swings to find supports and resistances and have the same parameters.
Level: Number of candles in the left side and right side of the swing point which are lower than peak or higher than the trough.
Min Distance: The minimum distance between the current price and SR price level
Max Candles: Maximum number of candles to check
Max Extremums: Maximum number of extremums to check
Name | Parameters | Description |
[SUP.RES] Next Upper Support Resistance | level, min distance, max candles, max extremums default: 3,50,1000,100 | Returns nearest upper support resistance that its Distance to current price is more than “Min Distance“ |
[SUP.RES] Next Lower Support Resistance | level, min distance, max candles, max extremums default: 3,50,1000,100 | Returns nearest lower support resistance that its Distance to current price is more than “Min Distance“ |