All the while I was looking for a short term trend line indicator which I had used for 1 candle expiry. Unfortunately the indicator is deleted from my arsenal and I cant recall its name. It was most probably coded by some Russian or similar coder. I will post it later if and when I find it but for now lets move on to the next indicator.

Name: TLB OC Support and Resistance.

This is a old mtf resistance and support indicator and I am sure everyone has seen it. This can be useful for beginners who are serious about what they want to do. The way I used to study was to keep checking how far is 5M candle from the 5M line and 15M candle from 15M line and so on. This helped me improving my MTF analysis.

It would be nice if mrtools/mladen or some coder to change the line styles for easier recognition of MTF levels.

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