This study “identifies potential areas where the market will find support or resistance.”
These targets are similar to Fibonacci Lines but are drawn automatically on your chart.
There are five levels up and 5 levels down (U1-U5 and D1-D5).
Lines can be hidden in preferences. You can also change the line color, thickness, and style.
Target Parameters
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Parameter |
Description |
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Display |
Opens sub-window to set parameters: •Enabled = Turns line display off and on. •Color = Line color. •Weight = Line thickness. •LineType = Select Dash or Line. |