PROTECTED SOURCE SCRIPT
DM_DSR (Pratik) - Standard
A Dynamic Support and Resistance indicator automatically identifies and adjusts key support and resistance levels in real-time based on price action and market trends. Unlike static levels, which remain fixed, dynamic levels move with the market, adapting to changing conditions.
Key Features:
Support Levels: These are zones where the price tends to stop falling and may reverse upward, often aligning with historical lows or areas of increased buying interest.
Resistance Levels: These zones mark where the price tends to stop rising and may reverse downward, often aligning with historical highs or areas of selling pressure.
Real-Time Adaptation: The indicator continuously updates support and resistance levels as new highs and lows form, making it suitable for trending and ranging markets.
Trend Sensitivity: Dynamic levels adjust to market volatility, trend shifts, and key price patterns, offering more flexibility than traditional static levels.
Key Features:
Support Levels: These are zones where the price tends to stop falling and may reverse upward, often aligning with historical lows or areas of increased buying interest.
Resistance Levels: These zones mark where the price tends to stop rising and may reverse downward, often aligning with historical highs or areas of selling pressure.
Real-Time Adaptation: The indicator continuously updates support and resistance levels as new highs and lows form, making it suitable for trending and ranging markets.
Trend Sensitivity: Dynamic levels adjust to market volatility, trend shifts, and key price patterns, offering more flexibility than traditional static levels.
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