Indicator settings and test on Tesla (TSLA) 4h chart
Indicator: Support Resistance Trend Line (SRTL)
Indicator link:
Chart analysis and drawing important areas is a time-consuming task that requires constant review and modification and updating to match the current market conditions and the selected timeframe, which will inevitably be accompanied by inadvertent mistakes. This indicator automatically draws and updates the important areas of technical analysis (Support-Resistance, Demand-Supply, Trend lines, ). So you do not need to spend time analyzing the chart and updating it, and all these items will be drawn for you with high accuracy, and you can easily move quickly through all the symbols and timeframes you want, and the necessary and up-to-date information will always be at your disposal, and all you need to do is focus on managing your capital based on your personal strategy.
Features: Drawing current trend lines and the last broken trend lines Drawing support and resistance (supply and demand) areas along with showing the strength of the area compared to other areas Drawing price compression areas Drawing range areas Drawing pivot moving average area Sending notifications for important events such as the formation of a new trend line, breaking a trend line, breaking a support or resistance area, exiting accumulation areas, entering or exiting the pivot moving average area.
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