📖Local Support | Resistance

Understand key levels defined by local support and resistance to help time trade entries and exits

Overview

Local Support and Resistance levels are calculated automatically based on price action and represent supply and demand zones to help traders establish buy and sell targets, stop-loss, and take-profit levels.
Awareness of key support and resistance levels is critical for developing a trading plan, trading level-by-level, and avoiding unnecessary risk [e.g., longing into resistance or shorting into support].
Local Support and Resistance levels are especially useful when combined with other indicator suite features to identify confluence.
Toggle [Local Support | Resistance] to display key support and resistance levels. Default [Off].

Last updated 3 years ago