SwayStar123

Close Indicator

SwayStar123 Updated   
This indicator plots out several horizontal lines, they can be used as both support and resistance. The transparent lines a little above and below the lines are "spread lines" which are intended to be used to place orders such that in case price gets very close but not exactly the same price, the long/short orders still get filled.

The lines themselves are plotted using some candle closes +- some spread (which can be adjusted to fit the asset you are trading)

The longer the line is, the more importance it has, the length of the lines are in this order (by colour)- White > Pink > Peach > Gray > Purple > Orange > Teal > Yellow

Orange, Teal and Yellow lines are only to be used for scalping, all the other lines can be used for everything else (swing trading, scalping, accumulation, long term trading)
Release Notes:
Removed spread lines which are not so necessary
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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