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Improved function in True S/R Level Indicator!


We've improved the "Extend only the nearest high/low lines" function in True S/R Level Indicator.

With this setting You can see only the nearest high and low SR Levels (similary to the "Triangle Mode" in True Trendline Indicator where the indicator draws only the two nearest trendlines).

The previously available function has been further developed: from now, you can set a "1 bar delay" from the breakout candle, in order for the lines to be redrawn to see the breakout candle. With the "0 bar delay" setting the indicator immediately redraws S/R lines after the breakout candle is closed.

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 or use other indicators on the chart.

Extend only the nearest high/low lines

Check out our 70+ 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.

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Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.

In addition, trading on a margin basis means that any market movement will have a proportionate effect on your deposited funds. This can work for you as well as against you. The possibility exists that you could sustain a total loss of initial margin funds.

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