Tired of plotting support and resistance lines? The Support Resistance is a multi-timeframe indicator that auto-detects and plots supports and resistance lines in the chart with a very interesting twist: as price levels are tested over time and its importance raises, the lines become thicker and darker.
- Boost your technical analysis overnight
- Detect important price levels without browsing through charts
- Recognize the relative strength of all price levels at a glance
- Save up to half an hour of plotting lines for every trade
- The indicator displays the age of all price levels
- The indicator is non-repainting
Past and present price levels are collapsed by proximity and adjusted to the current market action. Lines are drawn where the action is and not necessarily at the peaks.
- Price levels get darker and wider as they get rejected over time
- Unimportant price levels are cleared regularly to avoid noise
- Customizable timeframe selection and collapse factor
- It implements email/sound/push alerts for breakouts
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