Recognising Valid Support & Resistance

[East West Star]

Hello , how  do one recognize a valid support and resistance from a false one

thanks

[Fernando Carreiro]

East West Star: Hello , how  do one recognize a valid support and resistance from a false one thanks

There is no such thing as a valid or false support/resistance.

"Support" or "resistance" are human concepts defined by psychological or emotional influences on trading that define a fuzzy zone or barrier where one expects traders to react to price quotes and cause it to either bounce off it or break through it.

[_MAHA_]

East West Star:

Hello , how  do one recognize a valid support and resistance from a false one

thanks

I use Zigzag.

It is easy to recognize sup&res lvls in a range market. 

Use trend line in a trend market to recognize them. Though you can edit and customize zigzag to achive this

[Lee Chee Tat]

Code Base

Shved Supply and Demand

Vasyl Nosal, 2016.02.08 12:31

The indicator showing the supply and demand zones.

East West Star:

Hello , how  do one recognize a valid support and resistance from a false one

thanks

i use this. but like Fernando mentioned, there is not such thing as valid or false.

use it with care.