Drawing Support and Resistance Trendlines from Fractal Points

Summary

The document describes an indicator that automatically draws support and resistance trendlines using fractals calculated on a selected timeframe. Its base timeframe input determines which fractals the indicator uses to construct the lines. Traders can also configure the resistance and support line colors, styles, and widths, and choose whether to remove the drawn trendlines from the chart.

This is a brief functional description of a charting tool, not a trading strategy or an evaluation of its signals. It does not explain how fractals are defined, how the indicator selects or updates line anchors, or how a trader might use the lines to enter or exit positions. No examples, backtest results, or evidence of predictive value are provided, so the description supports understanding the indicator’s configuration but not judging its reliability.

Key ideas

• The indicator draws support and resistance trendlines from fractals on a chosen timeframe.
• The base timeframe controls the fractal calculations used to draw the lines.
• Support and resistance lines can be styled independently by color, line pattern, and width.
• A setting allows the drawn trendlines to be removed from the chart.
• The document does not provide a trading method or evidence that the lines predict price movements.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.