An indicator of support and resistance levels
An indicator of support and resistance levels.
The levels themselves are not calculated, as for example the pivot ones, but are read from the text file of a specific format.
It is necessary to create an individual file “Levels_RS_<symbol name>.csv” for every instrument.
The fomat of the file involves the differnce of strong levels that are displayed on the chart with the thickened lines. I used this indicator to display the levels, that are published by Teletrade, on the chart.