rang3r: A support/resistance indicator with an included cloud. — Strategy by andrewqiu9774
By andrewqiu9774
Performance Metrics
- Author: andrewqiu9774
- Symbol: FX:USDCAD
- Timeframe: 1 day
Description
This indicator finds the minimum and maximum values within a set time period. Crosses of these minimum and maximum values are noted with the green/red background colours. The indicator also produces a "cloud", which is generated through the 0.382 and 0.612 points between the two maximum and minimum lines. Settings:Entry Period: Time period the indicator checks for min/max points.Exit Period: Currently Redundant, but may be updated.Sensitivity: Needed as a leeway for how close a value needs to be to a min/max for it to be considered a cross. I recommend keeping this at default.