We often look for support and resistance points on the chart. One of the methods that can be used is the number of lots offered in the order book. This indicator searches for the largest lots in the order book and draws them on the chart in the form of lines, thereby determining the largest concentration of lots offered on the centralized stock market at that time, thus setting up possible support and resistance lines.
– The number of lines to draw can be determined by the user;
– Line width;
– line update time;
– Line style;
– Line colors.
NOTE. This indicator only works with assets with an order book, such as a centralized stock exchange.
DOES NOT WORK ON FOREX !!!
I have no doubts at all!