Support Resistance

$119.00

Support Resistance highlights the range of swing high bars and swing low bars by drawing an extended box. This is one of the oldest technical analysis tools. Although there are some differences in how traders determine support and resistance, Support is always below the current price and Resistance is always above the current price level.

SKU: support-resistance Category:

Description

Generally, Support is the price zone where a downtrend may pause because of high Demand. As prices drop, demand increases forming Support. Resistance is the price zone where an uptrend may pause because of high Supply. As prices rise, supply increases forming Resistance.

Description

  • Period to determine the frequency of pivots and strength levels to determine the strength of the pivot (strength level1 will show the most amount of zones, showing both strong and weak, while level 10 will show the least and only the strong zones)
  • Highlight pivot bar range percentage, wicks, or body
  • Option to require bar to close above or below the high or low of the zone to break it.
  • Show/Hide broken zones.
  • LifeTime License for 2 computers.

Available for NinjaTrader 8.