SRForce MT4
SRForce indicator determines the strength of support and resistance levels.
Approximation of the blue line (support line) to the zero line and its intersection is close to the support zone. In this case, the price is likely to rebound. Similarly, when the red line (resistance line) approaches or crosses the zero line, indicating the proximity of the zone of resistance, so the price may change direction.
The greater the difference between the red and the blue line, the greater the difference between support and resistance, which means that the higher the market moves. Thus, the indicator can also estimate the volatility of the market.
For best results it is recommended to use the indicator in Detrended environment. Also the result can be substantially improved when using indicators such as ADX or ADX Wilder.
indicator settings
- Look Back Period – the number of bars in the history to identify important support and resistance levels. The default value is 60 bars
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