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Today we are going to focus on horizontal levels (HL).
➖HLs and other instruments are based on MA, they are used only for determining support and resistance levelling.
They are plotted depending on where the price movement stopped, where the price made its important high/low/close.
Higher...
Identify horizontal support and resistance lines using your choice of 6 methods.
Available options
Lookback window: Number of bars back to consider in calculations
Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4...