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.
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.