Prices moves in waves, and in different form in different timeframes. This indicator displays 2 horizontal lines per timeframe (one for resistance and the other for support). These line positions are calculated based on the wave width in particular timeframes. Before attaching the indicator to the chart, in the input section, you can change the colors for resistance and support lines, if you want.

You can try the FREE version of the product at  https://www.mql5.com/en/market/product/39024 which works only for EURUSD.

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