How the MA RESISTANCE/SUPPORT block works

This block is a conditional block that is triggered whenever the price is crossing an xMA or whenever the price is approaching an xMA based on which parameters you chose.

Lexicon

MA = Moving Average SMA = Simple Moving Average EMA = Exponential Moving Average WMA = Weighted Moving Average

SMMA = Smoothed Moving Average L = Number of candles (Length)  xMA = The kind of MA you selected.

Parameters

• MA type can be SMA, EMA, WMA, SMMA.
• Analysis Period is the period that xMA will take into account (If you choose 4H, xMA will use 4H candles).
• Length is the number of candles calculated.
• Analyzed Level where you can choose between Resistance (Above the price) and Support (Under the price)
• Signal Type can be wether you want the block to be triggered when the price Tests the Resistance / Support or when it Breaks the Resistance / Support. 
• Zone is the minimum percentage to validate the Test/break/Rejection.
• Source choice where you can choose the source to calculate the MA on Low, High, Close or Open candle. More info about the use of High/Low source here

Moving Averages Support/resistance Behavior

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