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LGP_Ivanoff_Maloma-Demark_levels

LGP_Ivanoff_Maloma-Demark_levels

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Author: LGP.

Red - the resistance/support level calculation uses the Low/High.

Orange - uses the Close price, when
"The only exception to this rule is when the Low price exceeds the Close price of the initial day right after the initial day. In this case the first resistance level is defined as: the Close price of the next day after the initial day is multiplied by a coefficient"

indicator_220lgp_ivanoff_maloma-demark_levels.gif
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