I look for support and resistance manually, starting from weekly charts and working my way down to 4hr.The obvious way to determine s/r levels is by how many times candles have ended at various prices .The more touches the more significant.This is a big part of my trading method.
This can be very time consuming if you want to watch a lot of pairs though,
I have searched and found many fib and pivot indicators but am looking for a support/resistance indicator specifically and can`t find anything.
does anyone know if there is such a thing? thanks
This can be very time consuming if you want to watch a lot of pairs though,
I have searched and found many fib and pivot indicators but am looking for a support/resistance indicator specifically and can`t find anything.
does anyone know if there is such a thing? thanks