Luk-Henry maps the support and resistance areas price has actively interacted with, colouring resistance in red and support in blue and brown. The light-blue middle line marks the equilibrium price.
When price breaks above equilibrium it signals an uptrend; a break below signals a downtrend. The indicator does not repaint, and the best timeframes to trade are M15 to H1.
Specifications
- Platform: MetaTrader 5
- Pairs: Forex & Synthetic Indices
- Time-Frame: M15 – H1
- Broker: Deriv MT5
Key Features
- Pivot & last-period levels
- Colour-coded S/R zones
- Equilibrium trend bias
- Non-repainting