Resistance and support line

Yes. S/R line is much more important in big time frame like month and week than smaller time frame. I use them to confirm fundamental factor.

 

Support and Resistance are an illusion, the market runs on stops. If you want to trade think like a trader. If you want to win think like a market maker.

 

Thanks, buddy. Everything is illusion except price and volume.

 

Some automatically drawn random lines, improved.

 

What time frame is that?

 

It's one hour frame.

 

MotiveWave has a built in Support/Resistance Study. This is an example of it on AAPL 1 hour time frame. You can add signals too.

 

Either way just a lot of lines, most that are meaningless.

 

Wealth-Lab has a strategy that highlights Support and Resistance Zones producing output like on this chart:



-Eugene

 

Uh - is there a software that CAN'T do that?