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Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

Settings

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

Indicator Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

How to Add an Alert

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

Settings

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

Indicator Settings

Style Settings

Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

Settings

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

Indicator Settings

Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

Settings

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

Indicator Settings

Timeframe Settings

The SR Lines can be adjusted by intensity for each timeframe. First the SR High, Medium, and Low levels can be toggled to be on or off. Then the ATR Length, Multiplier, and Volume Threshold can be individually adjusted to change the frequency of the SR levels and the intensity to which they are plotted. 

Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

Settings

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

Indicator Settings

Timeframe Settings

Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

Settings

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

Indicator Settings

Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

Settings

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

Indicator Settings

Auto Support / Resistance

Description

Support and Resistance zones are the key levels regarding where price reacts similarly. So if every time price action comes down to a level and bounces back up, this would be a support level. Conversely, every time price goes up to a level and then bounces back down, this would then be called a resistance level. This function automatically plots key support/resistance levels based either on the price or on the volume. Combined with the Trendmaster Core Signals indicator it means easily finding entries or taking profit areas based on how price reacts to support and resistance levels.

How to use

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. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.The best way to use Auto Support and Resistance is to first dial it in specifically to your timeframe and your trading pair. Then using the signals to confirm rejections or breakouts and retests of previous support or resistance levels. Remember the safest trade is a retest and confirmation of either support or resistance rather than trying to catch breakouts

Settings

The settings for the Auto Support and Resistance are quite in depth. We recommend playing around with the settings to see how they affect the creation of support and resistance levels on your chart. Generally speaking from top to bottom you can choose to Extend the S & R which would extend them out indefinitely. Then one of the most important options is toggling between the S & R Calculation Source being based off of Volume or being based off of Price. The Price Level Filtering and Volume Level Filtering will toggle the intensity of the number Support and Resistance lines based on if you are using Price or Volume levels. After that comes Volume Moving Average Length is the number of bars back in history used to find Support and Resistance levels. After that comes the High Medium and Low SR levels. These can be adjusted by color, intensity, and type of line used individually.

Indicator Settings

Terms & Conditions