RS Levels MT5
The indicator plots the horizontal support and resistance levels,
Using grouping extremes. They are shown in the form of lines,
the color of which depends on the number of times in this region of level
It was the support and resistance. You can also customize the display
counters support, resistance levels and age in text form.
Age level shows how many bars back was the last impact
level rates (on the chart, with a period specified in the settings). Considering
age level, can make conclusions about the possibility of its influence on price
this moment.
When displaying the values of the following abbreviations:
supp = 1 // level once been enabled at said interval
res = 2 // level was twice the resistance at the specified interval
<-34 // recent impact on the price level was 34 bars ago
Below is a description of the input parameters.
| Depth | Depth scanning, expressed in number of bars from the bar with index 0 or the rightmost bar (depending on the value of the parameter "Redraw when scrolling "). |
| Period | schedule period, which levels are built. It may be equal to the open period of the schedule or different. Recommended best practice is slower period. For example, if the indicator is open to M15 chart, the value period to search for better levels to choose H1. |
| Number of nearest levels | How many levels of lines to display up and down from the current price. |
| Level line style | Style line level. |
| Level area | Region level action. Is defined in paragraphs. It means tolerance range Extrema, grouped into levels. The higher the value, the less They will be located levels. |
| Display level area | Whether or not the field level action. When set to true area are displayed as rectangles. |
| "Price" label position | Position on the screen level value prices. It can be left, right, middle, or does not appear. |
| "Support" label position | Position on the screen counter value level supports. It can be left, right, middle, or does not appear. |
| "Resistance" label position | Position on the screen counter value level of resistance. It can be left, right, middle, or does not appear. |
| "Old" label position | Position screen level age values. It can be left, right, in the middle or do not appear. Given the meaning of the displayed values, it is recommended to choose the "Right" position. |
| Font | Text font. |
| font size | The font size of the text. |
| Redraw when scrolling | It defines the behavior of the indicator screen scrolling.
|
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