TLB OC v2 level indicator
TLB OC v2 level indicator displays on the price chart of the currency pair the support and resistance levels calculated from the closing prices taken from different time intervals.
The TLB OC v2 level indicator displays levels as follows:
- The line in blue is the support level;
- The line in red is resistance level;
- The solid line is a confirmed (strong) level;
- The dotted line is the unconfirmed (theoretically weak) level.
To simplify identification, each level has a signature containing the type of level (support/resistance) and the timeframe at which it was calculated.
According to ForTrader.org experts, TLB OC v2 level indicator - is an excellent tool for planning trades and will also be in demand by intraday traders.
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