This is a multiband indicator that shows you liquid support and resistance ranges based on growing offsets and growing ATR channels.
In the end, when setup well, you can make, based on historical observations, estimates of how traders will react, maybe identical again.
How to use:
Setup: Activate the two checkboxes for centerline and All_Lines Start with the middle line to establish the general direction of the asset. With the 6 following options, you try to match the trends in the outer bands as good as possible. Small changes can be made by till you have best fitting overall bands. I tried to make small steppingsize to visual setup very easy. Change a bit... wait look,... change a bit, wait look...
Deactivate the two setup boxes and continue with setting up the colors.
Have fun figuring out the perfect wave !!
Versionsinformation
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changed middleline color to gray for light themes (yellow is almost invisible)
Versionsinformation
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cleanup pass removing unused functions no other changes