The Support and Resistance Indicator is a custom technical indicator which automatically plots horizontal support and resistance levels. What is the Support and Resistance Indicator? The Support and Resistance indicator is a tool that automatically plots horizontal support and resistances to help traders identify such price levels objectively. Others use indicators to identify such levels. Some traders manually plot support and resistance lines. Others use horizontal support and resistance levels. Some traders plot diagonal trendlines and channels as support and resistance levels. There are many ways to identify Support and Resistance levels.
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