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Support Resistance Levels

Version: v.1.0.0.0

Support Resistance Levels

Description

Support levels refer to price levels where buying pressure is expected to emerge, preventing further price declines. Resistance levels, on the other hand, refer to price levels where selling pressure is expected to emerge, preventing further price increases.

Properties

Level Parameters

  • Type Levels [default: Wicks] — Use wicks or body (Wicks, Bodys).
  • Period Resistance Level [default: 200, range: 1–∞] — Period for resistance.
  • Period Support Level [default: 200, range: 1–∞] — Period for support.
  • Filter Signal — Filter signals.

Plots Parameters

  • Support Color — Color for support levels.
  • Resistance Color — Color for resistance levels.
  • Closed Levels Color — Color for closed levels.
  • Opacity Levels [default: 50, range: 0–∞] — Level opacity.
  • Draw Levels [default: true] — Draw level rectangles.