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fmfm24

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🧩 General Function

The indicator plots key support and resistance levels derived from the 4-hour timeframe on any chosen chart timeframe. It monitors the price to determine:

Whether resistance has been broken → BUY signal

Or support has been broken → SELL signal

After a breakout or breakdown, the indicator automatically draws price targets (T1 / T2 / T3) as percentages from the breakout point, and also displays FVG (Fair Value Gaps) zones that indicate imbalances between supply and demand.

⚙️ Main Components

Support and Resistance Levels (Key Levels)

Automatically calculated from the 4-hour timeframe (180 minutes).

Draws lines:

Green = Resistance

Red = Support

Option to display a midline (blue).

Line style (solid / dashed / dotted), thickness, and label size are customizable.

Trading Signals (Signals)

When resistance is broken upward → BUY signal (green).

When support is broken downward → SELL signal (red).

Signal size is adjustable (small / large, etc.).

Price Targets (Targets)

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.