This indicator shows fractals. The main levels of support and resistance
. Arrows point to buy and sell zones - great for scalping. And the most important thing is the 5 moving averages SMA
by which you can determine the direction of the trend, its support and resistance
zones. It is very convenient when different averages for junior and senior periods from 9 to 200 are displayed in one indicator. I installed the standard: 9, 21, 55, 100, 200.
You can reconfigure all 5 mediums on your own. And work out the medium crossings according to your trading strategy.
For example, on my daily timeframe
, use my template, and on smaller timeframes you can edit by Fibonacci numbers: 5, 8, 13, 21, 34, 55, 89, 144, 233
Vilarso - recommends you to experiment!
Add to your favorite scripts and trade in profit!