This powerful tool is designed to identify key price levels in the market, providing traders with a clear visual representation of potential support and resistance areas.
How to use
This support and resistance tool helps traders identify key price levels where the market might react. It highlights important zones where price could reverse, pause, or break through, making it easier to spot potential trading opportunities.
Reversal Points:
Price might change direction up at the support and down at the resistance.
Breakouts:
When price moves beyond a major level, it may signal a strong move, helping you catch breakouts.
Breakout Up
Break Down
Settings
Setting
Description
Enable S/R
Turns the support and resistance indicator on or off.
Sensitivity
Controls how many levels are displayed. Higher sensitivity will show more levels, which can be useful in volatile markets or on shorter timeframes, while lower sensitivity focuses on the strongest levels.
Strength
Adjusts the strength of levels based on past price reactions. Higher values highlight more established, stronger levels, while lower values allow weaker levels to be shown.
Level Buffer
Label
Adds a small buffer around each level, creating a "zone" instead of a single line.
