Suport Resistance

The indicator compares Fractal and Zigzag indicators to define hard Support and Resistance.

The arrow signal appears when a new support or resistance emerges or when the price breaks through Support and Resistance zone.

This indicator is efficient in conjunction with a rebound and breakout strategy.

It works well on H4 and D1 for all pairs.

Settings

• BarCounts = 200;
• FastPeriod = 7 - fast period
• SlowPeriod = 14 - slow period
• Show_SR = true - show support/resistance
• Show_Arrows = true - show up/down arrows
• alert_Settings = "+++++++++++++++++++++++";
• SendMailMode = false - send a signal email
• SendNotificationMode = false - send a push notification to your phone
• alertMode = false - sound alert