FiveTT Support Resistance Lines
Knowing potential price turning points is a key requirement to be a profitable trader. These turning points are typically support and resistance levels. They are the core of technical price analysis and are psychological levels which price has difficulties to break.
Many reversal of trends will occur on these levels and almost all chart patterns involves support and resistance in some way.
The challenge for many traders is keeping up with changing support and resistance levels as price changes. Even more challenging is tracking these levels on several currency pairs and across multiple timeframes.
This is the solution 5TT Major Support and Resistance Lines Indicator helps the trader.
5TT Support Resistance Lines Indicator brings the following benefits:
- Easy installation
- User friendly
- Can be used across all currency pairs, CFDs and precious metals
- Indicates major longer-term SR levels (solid lines) and shorter-term SR levels (broken lines)
- Can be used on all timeframes
- Auto refreshes daily
- Many more
- ShowMajorLines: if TRUE, display longer-term solid support and resistance lines
- ShowNearTermLines: if TRUE, display shorter-term broken support and resistance lines