In this short tutorial, we look at support and resistance zones and how we see them. The way to adjust yourself wth them. TIP: TRUST, FOLLOW YOUR INTUITION
Here is a live example of how to draw your support & resistance lines for day trades
A brief description of the X-Lines indicator. Important levels automatically. Hi, friends! Let's looked how you can absolutely automatically mark all important market price with x-lines indicator. Its free for use. Link below.
I thought it would be fun to share a backtesting video. Video time is limited so I couldn't get a full session recorded. I know technical analysis is only part of the picture but this is a fun exercise.
Identify horizontal support and resistance lines using your choice of 6 methods. Available options Lookback window: Number of bars back to consider in calculations Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4...