Calculation of Support & Resistance Lines
The indicator first calculates support and resistance lines. These lines are dynamically updated for different time points based on user-defined periods.
hess Dynamic Trend Master DTM
DRKHASHIX Dynamic Trend Master — Support & Resistance Indicator
Short Description (WooCommerce Product):
The DRKHASHIX Dynamic Trend Master indicator dynamically plots support and resistance levels on your chart and identifies market trend strength. Instantly spot key market points and make smarter trading decisions.
Key Features:
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Automatic calculation of support and resistance lines
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Detects market trend strength (Bullish / Bearish / Uncertain)
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Displays signals as text directly on the chart
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Fully customizable periods for trend analysis
- Description
- Additional information
- Reviews (0)
Description
DR.KHASHIX Support & Resistance Indicator
A technical analysis tool designed to identify dynamic support and resistance levels and detect market trends for smarter trading decisions.
New Update: This indicator calculates dynamic support and resistance lines based on previous open and close prices and displays them directly on your chart.
Note: We have not yet integrated this indicator into our robot, but it will be implemented soon.
Signal Detection
By examining the alignment and interaction of support and resistance lines, the indicator detects signals related to market trends. Positive or negative trends are determined based on price behavior.
Displaying Signals
- Detected signals appear as text on the chart.
- When three support or resistance lines align, a strong signal is issued,
- indicating a significant market shift and the start of a powerful new movement.
Key Points
- Adjustable Settings: Modify parameters and periods to better align the indicator with market conditions.
- Dynamic Analysis: Support and resistance lines update automatically as chart data changes.
- Signal Display: Signals are shown directly on the chart for easy trend analysis and decision-making.
Integrate the DR.KHASHIX Support & Resistance Indicator and make informed trading decisions based on dynamic market insights.
Additional Information
| Support & Resistance Period | The main period used to calculate dynamic support and resistance levels. |
|---|---|
| Period Line 1 | Period used for the first support/resistance line calculation. |
| Period Line 2 | Period used for the second support/resistance line calculation. |
| Period Line 3 | Period used for the third support/resistance line calculation. |
| Resistance Color | Color used to display resistance lines on the chart. |
| Support Color | Color used to display support lines on the chart. |
| Text Position | Position of the market strength signal text on the chart (TopLeft, TopRight, BottomLeft, BottomRight). |
Reviews
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