Simple/Advanced Support/Resistance Levels

[Apprentice]

Legend color is now customizable.

[nuhocodebase]

Thank you for the legend customizable and speed of response.
is it also possible to have the values ​​of top and bottom lines on this legend.

nuho

[taroblaro]

This is a very basic question, but I suppose I must ask it. If I have 2 charts with 2 different time frames, and if I put an indicator (specifically this one) on the higher time frame, is there a way to make the lines from the indicator on the higher time frame show up on the lower time frame?

[Apprentice]

On this chart I have bort H1 and D1 on same Charts.

For higher time frame, u have to select the desired time frame.
U have to select desired time frame source, for indicator.

[Captain]

Dear Apprentice,

Could you please, if possible, add in this indicator the possibility to draw as well the upper and lower trend-lines (support/resistance) for up-trending and down-trending equidistant channels?

Thanks in advance.
Captain

[Apprentice]

This equidistant channel.
How it will be calculated.

[Captain]

Apprentice, if you are going to use FXCM’s default equidistant channel, possibly by:

If ascending channel:
Find the lowest low and next higher low from the lower limit (supporting trendline) and highest high from the upper limit (resistance) with option expend line end.

If descending channel:
Find the highest high and next lower high from the upper limit (resisting trendline) and lowest low from the lower limit (support) with option expend line end.

It would be perfect if you could always keep 2 channels on chart the same time that is, the channel broke and the “possible” new channel.
Thanks in advance,
Captain

[Apprentice]

Can you post a link for FXCM’s default equidistant channel.

I'm not sure I know it under that name.
I can try to recreate it according your description.

[Captain]

Apprentice, I meant Marketscope's equidistant channels, mistakenly said FXCM's.

Nevertheless, I have 2 screenshots, 1 for channel selection from menu and 1 with channel applied on chart...

If is faster to do it otherwise, please do so...





Thanks for advance,
Captain

[Apprentice]

Something like this.
viewtopic.php?f=17&t=548&p=958&hilit=Channel#p958
We have a problem here.
Which algorithm to choose for this indicator.
Equidistant channels are drawn by user/hand.
Witt try to come up with something.