Adaptive Support and Resistance Indicator Parameters
<p>For more information on Support and Resistance levels, follow this link. Its a great article that shows what they are and how to use them. Settings/Parameters Explanation for Adaptive Support and Resistance Basic Settings: Name – Give each Instance a name Time Frame – Choose the Time Frame to look at for the instance Look Back Bars – Enter how many bars to look back for the calculation. If Time Frame is H1 and you enter 500, it will look at the past 500 bars on H1 for its calculation. Displayed Bars – Enter how many bars back you would like the instance to print zones. Entering 0 will only display zones for the current period of the instance TF, entering anything above 0 will show you what the zones where X bars ago on the current chart. SR Across – Choose to draw the zones across the screen or only to the current period. Alerts/Price Boxes: Draw Boxes – Choose to draw the boxes around the zones Fill in Boxes – Select whether to fill the boxes with color or not Box Width -</p>
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