This indicator indicates that 'Momentum Discrepancy Reversal Point' = 'MDRP'. Mixing and modifying several general indicators to find support and resistance It is created to predict the change point of the trend by overlaying it on the chart.
The 4 support and resistance lines are drawn live, and the changed support and resistance lines are It erases the line and overlays it again with a new line.
For each support and resistance , you can modify the color or line thickness, number of expressions, etc. in the input menu.
1. _____RSI-SR Based on Wilder's RSI formula, overbought and oversold Changes are detected and overlaid on the chart in the form of 2 resistances and 2 supports.
2. _____STOCHRSI-SR Using the general stochastic and Wilder's RSI calculations, Detect changes in overbought and oversold areas It overlays the chart in the form of 1 resistance and 1 support.
3. _____PV-SR Pivot-based support and resistance will be overlaid on the chart, By default, 10 pivot lines are drawn, but by modifying the count in the input menu, You can modify the number of overlays.
4. _____FVG 'Fair value gaps' refers to gaps within consecutive candles. This section is overlaid in the form of a box, The default is to draw 10 FVG boxes, but set count in the input menu. You can modify the number of overlays by editing.
5. _____ZIGZAG This is to find MDRP by overlaying the low and high prices of the current trend on the chart. ZIGZAG labels near supports and resistances of 1, 2, 3 and 4 can increase the reliability of the MDRP. The default value of live in the input menu is true, but if it is false, the closing price is checked and drawn. Reduce false signals.
6. _____ICHIMOKU The 5 lines of ICHIMOKU were overlaid with the default values of 9, 26, 52, 26, Lines other than LeadLine A and B that are overlaid on the chart are overlaid on the chart only as much as the period value of each line.
* The _____FVG indicator cited the source of 'makuchaku'.
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