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fmfm24

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🧩 General Function

The indicator plots key support and resistance levels derived from the 4-hour timeframe on any chosen chart timeframe. It monitors the price to determine:

Whether resistance has been broken → BUY signal

Or support has been broken → SELL signal

After a breakout or breakdown, the indicator automatically draws price targets (T1 / T2 / T3) as percentages from the breakout point, and also displays FVG (Fair Value Gaps) zones that indicate imbalances between supply and demand.

⚙️ Main Components

Support and Resistance Levels (Key Levels)

Automatically calculated from the 4-hour timeframe (180 minutes).

Draws lines:

Green = Resistance

Red = Support

Option to display a midline (blue).

Line style (solid / dashed / dotted), thickness, and label size are customizable.

Trading Signals (Signals)

When resistance is broken upward → BUY signal (green).

When support is broken downward → SELL signal (red).

Signal size is adjustable (small / large, etc.).

Price Targets (Targets)

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.