Support & Resistance Zones IndicatorThis indicator attempts to detect support and resistance zones dynamically.
How does it work?
The indicator detects the strongest support and resistance zones in a dynamic way and labels as ''kanal''. When ''kanal'' label appears above a candle, you turn the closing price and the highest value of that candle into a zone. When ''kanal'' label appears below a candle, you turn the closing price and the lowest value of that candle into a zone. This way you have support and ressistance zones for future reference. When new zones appear, the indicator may delete the weak ones if necessary. In this way, the indicator guides you to follow not only the support and resistance zones but also the latest trends.
You can use the indicator with Stocks, Indices, Futures, Currencies and Cryptocurrencies.
On settings you can change label's color, size, style and position as you wish.
Use the link below to obtain access to this indicator.
