In displaying values, the following abbreviations are used:
supp=1 //the level was once a support line over the specified interval res=2 //the level was a resistance line twice over the specified interval <-34 //the last influence on the price was 34 bars back
Below is the description of input parameters.
|Depth||Scanning depth expressed as the number of bars starting from the bar with index 0 or from the rightmost bar (depends on the “Redraw when scrolling” parameter value).|
|Time Frame||Chart time frame on which the levels are plotted. It can be equal to or different from the open chart time frame. It is recommended to select a slower time frame value. E.g., if the indicator is running on M15 chart, it is best to select H1 as the time frame value for level identification.|
|Number of nearest levels||How many level lines will be displayed up and down from the current price.|
|Level line style||Style of the level line.|
|Level area||Scope of the level. It is expressed as points. It indicates the spread range of extrema grouped into a level. The greater the value, the more widely spaced the levels will be.|
|Display level area||Whether or not to display the level areas. If the value is set to true, the areas will be displayed as rectangles.|
|“Price” label position||Position of the level price value. It can be displayed on the left, on the right, in the middle or not be displayed at all.|
|“Support” label position||Position of the support level counter. It can be displayed on the left, on the right, in the middle or not be displayed at all.|
|“Resistance” label position||Position of the resistance level counter. It can be displayed on the left, on the right, in the middle or not be displayed at all.|
|“Old” label position||Position of the age of the level. It can be displayed on the left, on the right, in the middle or not be displayed at all. Taking into account the meaning of the value displayed, it is recommended to select the “Right” position.|
|Font size||Font size of the text.|
|Redraw when scrolling||It determines the indicator behavior when scrolling down.