TraderTroys 5MMSR

TraderTroys 5 Minute Major Support / Resistance Indicator

This is to only be used on the 5 minute time frame. It's sole purpose is to reveal up coming major support and resistance.

Green = Less reliable

Yellow = More reliable

Red = Very reliable

However, I would recommend back testing this *by applying it to your chart and watching how price action plays with the lines.*

I would not recommend only trading based off this indicator, but use it as a form of confluence with others.

It's built around multiplications of the average price.

Here is a great example of it working: