Auto Support & Resistance
Support and resistance lines are automatically plotted based on previous pivot points and swing highs and swing lows.
Support and resistances are apart of the most fundamental technical analysis for traders because it helps determine supply and demand zones for the price of securities. At its most basic level, support lines show where a surplus of buyers outnumbered the number of sellers to prevent a stock's price from going lower and resistance lines show where a surplus of sellers outnumbered the buyers to prevent the stock from going higher. The algorithm has been coded to identify these pivot points to help traders determine profit targets, stop losses, and price zones for potential reversals.
Our support lines (demand zones) are colored red and our resistance lines (supply zones) are colored blue.
Last modified 6mo ago
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