PROTECTED SOURCE SCRIPT
TraderTroys 5MMSR
TraderTroys 5 Minute Major Support / Resistance Indicator
This is to only be used on the 5 minute time frame. It's sole purpose is to reveal up coming major support and resistance.
Green = Less reliable
Yellow = More reliable
Red = Very reliable
However, I would recommend back testing this *by applying it to your chart and watching how price action plays with the lines.*
I would not recommend only trading based off this indicator, but use it as a form of confluence with others.
It's built around multiplications of the average price.
Here is a great example of it working:
This is to only be used on the 5 minute time frame. It's sole purpose is to reveal up coming major support and resistance.
Green = Less reliable
Yellow = More reliable
Red = Very reliable
However, I would recommend back testing this *by applying it to your chart and watching how price action plays with the lines.*
I would not recommend only trading based off this indicator, but use it as a form of confluence with others.
It's built around multiplications of the average price.
Here is a great example of it working:
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
Trading Community: bit.ly/tradingcomm
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
Trading Community: bit.ly/tradingcomm
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。