IchimokuSuppRes levels trading indicator
IchimokuSuppRes levels trading indicator displays support and resistance levels using two data sources: local price extrema and a cloud built by Ishimoku indicator.
The level is plotted as a segment that connects a fractal of a given rank and the corresponding cloud boundary:
- for the upper fractals - the upper line of the cloud;
- for lower fractals - the lower boundary of the cloud.
IchimokuSuppRes levels trading indicator can be used in breakout trading strategies or as a reference point for stop-loss and take-profit levels.
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