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Multi Timeframe Support and Resistance
Supports and resistances are often called “key levels”. They are price levels at which the stock price has inverted its trend. If the price rises and then inverts its trend moving down, the highest point it has reached is called resistance. If the price has gone down and then starts rising, the lowest price value is called support.
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Supports and resistances are often called “key levels”. They are price levels at which the stock price has inverted its trend. If the price rises and then inverts its trend moving down, the highest point it has reached is called resistance. If the price has gone down and then starts rising, the lowest price value is called support.
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Support and resistance
This script will show you multi timeframe support and resistance levels to make it easier for you to spot the key levels. It works on every pair and of course each timeframe.
What are supports and resistances? Support and resistance are often called “key levels”. They are price levels at which the stock price has inverted its trend. If the price rises and then inverts its trend moving down, the highest point it has reached is called resistance. If the price has gone down and then starts rising, the lowest price value is called support.
These price levels identify supply and demand zones, at which traders have increased their operation volume and have shown some interest. That’s why, as soon as the price gets closer to a key level, traders must keep their eyes open and see what happens.
What are supports and resistances? Support and resistance are often called “key levels”. They are price levels at which the stock price has inverted its trend. If the price rises and then inverts its trend moving down, the highest point it has reached is called resistance. If the price has gone down and then starts rising, the lowest price value is called support.
These price levels identify supply and demand zones, at which traders have increased their operation volume and have shown some interest. That’s why, as soon as the price gets closer to a key level, traders must keep their eyes open and see what happens.
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