Hermes and Resistance and Support

The purpose of this indicator is to show the key reference level for both sides of the market.

If the price breaks the reference level up and the price bar closes above the reference line, It will trigger a long position and the stop-loss for this position will be the support level .

If the price breaks the reference level down and the price bar closes below the reference line, It will trigger a short position and the stop-loss for this position will be the resistance level .

Versionsinformation:

mino rchanges

Versionsinformation:

minor changes

Versionsinformation:

updated version more efficient