The MACD Support & Resistance indicator is an enhanced tool to better visualize potential supply (resistance) and demand (support) zones based on the MACD indicator. It combines the strength of the MACD with recent price highs and lows to depict potential breakout or reversal areas in the market.
Features:
MACD Settings: Users can adjust the fast length, slow...
VERSION 1
This indicator base on detection of climax candles (Trend or Trading Range candles also available) then calculate average of open and close of those climax one.
Key-features of Gap line :
1 - forecast pullback
2 - finding support and resistance lines
3 - finding behavior of market