XSR v6

vor 16 Stunden

XSR v6 - Comprehensive Price Action and Level Analysis Indicator
Authored by nanoinvestor, the XSR v6 indicator is a powerful tool designed to empower traders with an in-depth understanding of price action, support/resistance zones, and mid-level dynamics. This tool provides advanced functionalities and high customizability to adapt to diverse trading strategies.

Core Functionalities
Dynamic High-Low Identification

Precisely calculates recent high and low levels using customizable bar-back periods and depth settings.
Automatically adapts to changing market conditions by pinpointing the most relevant swing points.
Mid-Level Calculations

Includes up to 7 mid-levels derived from Fibonacci ratios, allowing traders to analyze potential retracement and extension levels.
Optional inversion and logarithmic scaling provide additional flexibility for advanced analytical needs.
Support & Resistance Zones

Automatically draws clear and color-coded support and resistance boxes on the chart.
These zones are based on calculated high/low levels, providing actionable insights for trade entries or exits.
Visual Customization

Customizable line colors, styles, widths, and extensions to enhance chart readability.
Option to extend lines for historical context or focus only on the current price action.
Daily Change Table

Displays the daily percentage change of the selected asset in a clean and intuitive table format.
Positive and negative changes are color-coded for quick interpretation.
Advanced Data Inputs

Supports multiple data sources (High/Low, Open, Close, HL2, HLC3) for range calculation.
Includes the option to use Heikin-Ashi candles for smoother price analysis.
Why Use XSR v6?
Strategic Decision-Making: Ideal for swing and intraday traders aiming to identify critical price levels for potential breakout or retracement scenarios.
Customizability: Offers highly flexible settings, including mid-level adjustments, logarithmic scaling, and Heikin-Ashi integration, to suit individual trading styles.
User-Friendly Design: Combines advanced algorithms with visually intuitive elements, ensuring clarity and ease of use for traders of all levels.
Additional Features
High-Low Offset Control: Fine-tune offset periods to refine support and resistance calculations.
Break Detection: Configurable option to stop calculations at the first significant swing for quicker level identification.
Color Customization: Adjust colors for resistance, support, and mid-levels for a tailored chart experience.
The XSR v6 indicator is a must-have tool for traders looking for precision, flexibility, and actionable insights in today’s fast-paced markets. Whether you are a beginner or an experienced trader, this indicator will enhance your market analysis and decision-making process.