Indicator based on the Concept created by Bo Williams. But unlike the original that uses MIMAs, EMAs are used here.
Exponential moving averages will be shown according to fractal alignment, in order to show the important support and resistance levels ( SAR ).
When the fractals are aligned to become support,
we will have the EMA in the graph with a bright...
Indicator returns an average of 5 SMAs. an interesting point that I have noticed that the price has several times reacted on it.
Note 1: Do not just use this as a criterion for buying and selling, use as one more aid.
Note 2: It is possible to leave in the chart all the averages, if you feel it...
It is used to detect volume resistors in a personalized way, since it allows the user to enter the volume in which he wishes the resistance to jump automatically.
It does not mark the black line and the graphic that's just to help understand how it works
in the above image can see the indicator works on 30 minutes chart...