Support/Resistant Zone (Simple)
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis.
Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to selling interest when prices have increased.
There are many ways to identify support and resistance zones. This indicator is a simple method to identify them. Support/Resistant zones will draw basing on the size of the wick for candles, which are Pivots High/Low before.
Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to selling interest when prices have increased.
There are many ways to identify support and resistance zones. This indicator is a simple method to identify them. Support/Resistant zones will draw basing on the size of the wick for candles, which are Pivots High/Low before.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.