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I not very understand how to use it as I see tons of horizontal lines indicating SR lvl from each TF.
Too many lines for me.
But I think it can help you identify SR lvl in higher TF.
Hi there folks.
This indi can be usefull for who is looking for reversal points, for TL breakouts and so on; since the market often stall or reverse when hit suport or resistance on a larger time frame.
Of course you need to adjust the setup when add it to your chart. Nobody that work with daily chart i.e. deserve to see S and R of M1 in the screen.
For example, I'm trying a strategy for scalp where I adjust the indi to show S and R of M15 and M30 on my M1 chart, and so when the price hit them and my oscilator show overbought/oversold I sell/buy.
Well, that's it. Hope it can help you.
Kindly.
__________________
"The greater our knowledge increases the more our ignorance unfolds."
hi mphpopular
Linear Mode
