SR calculates so called ‘typical move’ for given asset and defines support and resistance levels. Check documentation, backtesting forex data news and examples for additional info. Sounds to nice to be true?
Don’t miss the tutorials in screencast section! Six adjustable HODL Levels that define typical move size. HODL SR depends on ATH value. Find correct ATH from other source and enter it here. Adjust to collect as many spikes as possible. Prints Micro Levels between main SR levels.
Switch to Monthly timeframe and check if All Time High is present in graph. If not, find the correct value from alternative resource. If ATH is missing, set ‘All Time High’ to correct value from alternative source. If the charts data is not accurate or the highest high of all time is missing, find the correct value from other source and enter it here. If the price moves higher then previous all time highest high, tick this checkbox. NOTE: You must enter previous highest high of all time to the box above! SR and become successful trader in no time.
Adjust the properties as per documentation. Don’t forget to turn on Show Buy Sell Levels. In that case, you are on your own. Position yourself on the right side and wait for market to calm down. Do the opposite when the price moves down.