Rebound Levels

Version: v.1.0.0.0

Description

Rebound Levels Indicator: Structures represent key price levels at which major market participants made trades, often resulting in reversals. The indicator monitors breakdowns of these levels and then builds micro-levels for entry on the rebound.

Properties

• Struct period [default: 18] — Period for pivot point search.
• Offset [default: 1, range: 1–∞] — Offset for micro rebound levels ( ticks )
• Width rebound level [default: 5, range: 1–∞] — Width for micro rebound levels (bars).
• Permissible high rebound [default: 85, range: 1–∞] — Permissible distance from rebound level.
• Broken struct Bar brush — Color for broken structure bar.
• Broken lvl bar brush — Color for broken level bar.
• Closed rebound lvl brush — Color for closed rebound level.
• Color structure levels — Color for structure level lines.