ST Support And Resistance Levels
This is a very comfortable tool to analyze the important price levels of the market. It calculates the support and resistance levels and automatically saves every important setting for every symbol and period! With it's graphical interface, it is very easy to use!
You can find a demo-version (limited to USDCAD) here: ST Support And Resistance Levels Demo. And the MT4-version here.
This tool does not work in the strategy-tester!
I recommend to install my free ST-Toolmanager.
This tool automatically displays buttons for all tools of this series, that are currently on your chart. For more details, please see the description of the ST Toolmanager!
- SRLinesWidth - width of the lines
- SRLinesColorM1 - SRLinesColorMN1: Colors of the lines in the corresponding timeframes
- M1 - MN1: Switch timeframes on/off
- High/Low distance: Minimum distance between highs and lows
- Min pips diff: Minimum spacing between two levels
- Analyze bars: Number of bars for the calculation
- At mouse cursor: When this feature is activated (button is green), the tool displays the values of the time at which the Mouse cursor is currently located.
- Smooth lines: If activated (green button), this tool shows the important price levels of round prices as violet levels. (e.g. 1.00000)
You are always editing the last selected (turned on) timeframe. In the header of this tool, you can see the actual selected timeframe for editing.
If you've used templates with this tool, please create a new template from a new chart. Thank you!