The CK family is ready to welcome a new indicator: CryptoKiller Support Resistance.
Our oscillator determines the levels where the price has congestion, both up and down. This is why we decided to exploit these signals so as to make an indicator capable of tracking supports and resistances. The indicator marks the support and resistance levels found by CryptoKiller Oscillator, the blue / light blue lines are found during bullish movements; purple and magenta lines are found during bearish movements.
The light blue and magenta colors indicate probable support levels, the blue and purple colors indicate probable resistance levels. If multiple lines occur in a narrow price range, the price is in an area where there is a high probability of reversal (probable market top or bottom).
As well as CryptoKiller and CryptoKiller Oscillator it is optimized for ETHUSDTPERP 30 min, BTCUSDTPERP 30 min and BNBUSDTPERP 30 min, but it can be used on any chart and timeframe, there is a custom mode with which to change the input parameters. This script is provided together with CryptoKiller and CryptoKiller Oscillator. It is also possible to have it separately from the others, as always with a free trial week.
Notes de version
⋅
Added the possibility to customize colors from the input panel
I have been using this indicator for three days and the levels are respected perfectly, on many occasions they are taken to the millimeter. This means that for a short-term trade, many positions already start with the stop loss at par. it's a masterpiece.
I've been using this for months and all i can say is that it works perfectly, i strongly reccomend it if you prefer working on low timeframes. It works perfectly with EMA 60 and EMA 223, i use them to find a trend and have confirmation on support and resistance found by the script. Give this a try and you won't need anything else!
cryptokillerlab
⋅
@ForzaMilan96, thanks mate, glad you are doing well with this indicator 📈👊