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TraderTroys 5MMSR
TraderTroys 5 Minute Major Support / Resistance Indicator
This is to only be used on the 5 minute time frame. It's sole purpose is to reveal up coming major support and resistance.
Green = Less reliable
Yellow = More reliable
Red = Very reliable
However, I would recommend back testing this *by applying it to your chart and watching how price action plays with the lines.*
I would not recommend only trading based off this indicator, but use it as a form of confluence with others.
It's built around multiplications of the average price.
Here is a great example of it working:
This is to only be used on the 5 minute time frame. It's sole purpose is to reveal up coming major support and resistance.
Green = Less reliable
Yellow = More reliable
Red = Very reliable
However, I would recommend back testing this *by applying it to your chart and watching how price action plays with the lines.*
I would not recommend only trading based off this indicator, but use it as a form of confluence with others.
It's built around multiplications of the average price.
Here is a great example of it working:
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Trading Community: bit.ly/tradingcomm
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Trading Community: bit.ly/tradingcomm
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.