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Support and Resistance - Master

Price: US $86

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Support and Resistance - Master


Brand: Forex On Steroids

Current Version: 1.00

Items Sold Count: 1112

Available quantity: 3

Type: Indicator  •  Trading Tool

Platform: MetaTrader 4 (MT4)

Operating System: Windows 10-11

Language: English

Markets: All markets/assets in your trading platform

Trading Style: Support and Resistance  •  Breakouts Trading  •  Trend Trading  •  Counter Trend Trading  •  Reversal Trading  •  Price Action Trading

 

Support & Resistance On Steroids

Master edition

Trading becomes easy and profitable

with

The Next Generation of  trading tools

 MT4 indicator 

 



Overview

 

The best support and resistance indicator you will ever see ! ! !

For beginners and Advanced traders

There are many techniques to use support and resistance lines
because they are the basis of technical analysis you'll find a lot of material on how to use them
 

 

Smart Panel

Mini charts with Candles, MAs, Fractals, ATR, Envelopes, PSAR, and Bollinger bands.

Mini charts oscillators with multi-time frames divergence and signaling and four optional oscillators to choose from. Stochastic, RSI, MACD or AO.

Automatic correlations strength. shown in the images below.

 

Automatic channel

 

Automatic trend lines

 

Individual Settings panel easy to use for each line

 

Color selection option for each line

 

Support and resistance zone option

 

Break in and break out alarm plus smartphone alarm and email alarm

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Videos


Related articles


What is Support & Resistance?

|  2182 views  |  Category: Support and Resistance  |

Support and resistance are one of the most widely used concepts in trading.

The support and resistance are specific price points on a chart expected to attract the maximum amount of either buying or selling.

The support price is a price at which one can expect more buyers than sellers. Likewise, the resistance price is a price at which one can expect more sellers than buyers.

Support and Resistance

If a bull market when the price moves up and then pulls back, the highest point reached before it pulled back is now resistance.

Resistance levels indicate where there will be a surplus of sellers.

When the price continues up again, the lowest point reached before it started back is now support.

Support levels indicate where there will be a surplus of buyers.

In this way, resistance and support are continually formed as the price moves up and down over time.

The reverse is true during a downtrend.

READ MORE



Trend Lines

|  2131 views  |  Category: Support and Resistance  |

Trend lines are probably the most common form of technical analysis in forex trading, and If drawn correctly, they can be as accurate as any other method.

Unfortunately, most forex traders don’t draw them correctly, or they try to make the line fit the market instead of the other way around.

Trend Lines

In their most basic form, an Uptrend line is drawn along the bottom of identifiable support areas (valleys) and is known as an Ascending Trend Line.

In a Downtrend, the trend line is drawn along the top of identifiable resistance areas (peaks) and is known as a Descending Trend Line.

READ MORE



Channels

|  1846 views  |  Category: Support and Resistance  |

If we take a trend line and draw a parallel line at the same angle of the uptrend or downtrend, we will have created a “channel”.

Channels are just another tool in technical analysis that can be used to determine good places to buy or sell.

The upper trend line marks resistance and the lower trend line marks support. So both the tops and bottoms of channels represent potential areas of support or resistance.

Trend channels with a negative slope (down) are considered bearish and those with a positive slope (up) are considered bullish.

Trend Channels

To create an up (ascending) channel, simply draw a parallel line at the same angle as an uptrend line and then move that line to a position where it touches the most recent peak. This should be done at the same time you create the trend line.

To create a down (descending) channel, simply draw a parallel line at the same angle as the downtrend line and then move that line to a position where it touches the most recent valley. This should be done at the same time you create the trend line.

 

When prices hit the LOWER trend line, this may be used as a buying area.

When prices hit the UPPER trend line, this may be used as a selling area.

READ MORE


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