Hey there, fellow traders! If you’re diving into the world of support and resistance, you’re in for a treat. This guide will walk you through a super simple starter code that’ll help you build your trading strategy around these essential concepts.
At its core, this indicator features a mid-line that’s calculated from the average of both support and resistance levels. This can give you a clearer picture of market dynamics.
By default, the indicator looks back at 50 bars, but don’t worry if you want to customize it! You can easily adjust the number of bars by changing the "Lookback" value in the input tab.
Happy trading, and may your charts be ever in your favor!
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