As all seasoned traders know, there's no better trading tactics than Price Action. Price Action understood not as some fancy candlestick formations, but as horizontal lines called Support and Resistance, generated by the market in the past - where the price reacted and reversed, showing which levels were strongly defended by traders around the world.
Price very often reverses again and again from these lines and once it finally breaks through them, very often returns for a retest before continuing its journey, very juicy for the trader. Support becomes Resistance and Resistance becomes Support - surely you have heard those rules before.
Support and Resistance lines are a map to the market. They are best entry spots out there. You might want to add more tools and techniques to your trading analysis, but truth is, moves will always start on some Support or Resistance line. Very often to the tick. People not seeing these lines trade blindfolded.
Difficulty is when it comes to removing those lines. You cannot hold them forever, as the chart would get completely blurred. So this script not only automaticaly draws lines, but also deletes those which become irrelevant. It also shows lines created by 4 tiers of pivot points, by default: 2 bars, 10 bars, 60 bars and 240 bars. So on one-minute chart it would present even 4h Support and Resistance levels, perfect for finding entries even for scalpers. All configurable.
I mostly trade Forex, but S/R rules are applicable to all markets out there.
Hi Peter, could you please provide access, truly grateful! Thank you in advance.
onuraizchen
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can ı access pls
Marcowp
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Hi Peter can i have access pls?
ndcsm
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You asked anyone to contact you should we wish access to your script. I have done that, three time with this, and never heard back from you. How else can we get access?
ndcsm
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Can i please get access to this to try it out. I only need a day or two, and if i like it and it works well i will maybe get back to you to design one for me. Thank you
ndcsm
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I have been looking for something like this for a while, can't seem to find one, except for today. I would appreciate access to this script to try it out. Thank you
Thanks in advance