Visual Assistance Indicator

Ideal for both new and experienced traders, the “Visual Assistance” indicator gives a visual representation of high and low values that would be considered horizontal and dynamic support/resistance. High/low points in price are projected by horizontal lines (horizontal support/resistance) and sloping lines (dynamic support/resistance).

VISUALS

• The sloping solid lines are resistance if they are over current price and displayed in red.
• The sloping solid lines are support if they are below current price and displayed in green.
• The horizontal dotted lines are resistance if they are over current price and displayed in red. The visibility and color can be edited in the “Style” tab.
• The horizontal dotted lines are support if they are below current price and displayed in green. The visibility and color can be edited in the “Style” tab.

Inputs

• Number of Candles Observed – Represents how many sessions (candlesticks) are being observed.
• Horizontal Support/Resistance Source – Delegates where the horizontal support/resistance source comes from.
• Horizontal Support/Resistance Left – Represents how many sessions are being observed left of the pivot high/low.
• Horizontal Support/Resistance Right – Represents how many sessions are being observed right of the pivot high/low.
• Horizontal Support/Resistance Precision – Defines how precise the range of values being observed is.
• Dynamic Support/Resistance Resolution – Defines how many dynamic pivot highs/lows are being observed.