We added the “Extend Only The Nearest High/Low Lines” function to True S/R Level Indicator.
This function is similar to the "Triangle Mode" in True Trendline Indicator where the indicator draws only two trendlines. The result is a less confusing chart. Ideal, for example, if You only use Support and Resistance levels as confirmation for an entry with divergences.
Check out our 60+ purchasable and gratis indicators on the MT4-MT5 INDICATORS page.
You can find the changelog on the UPDATE page where our customers can download the latest version for MT4 and MT5.