Dynamic Support & Resistance Lines

Support & Resistance lines are not static. What was Support yesterday can become today’s resistance after a break below the previous support. The reverse is true for resistance lines. Hence, in order to be effective in determining support & resistance zones, one must consider them as a dynamic line.

This indicator plots multiple areas of support and resistance using historical price data. There’s nothing to change in the settings for this indicator except the timeframe you wish to use to plot these areas of S and R.

Timeframe 0 means the current timeframe of your chart. Timeframe is represented in Minutes. 0 = current. 15=M15, 60=H1, 240=H4 and so on…

Sometimes it is a smart idea to use a higher timeframe to get more accurate S & R zones. So if you’re trading M1 timeframe, we recommend you check S & R on H1 timeframe. In that case, you will put 60 in the TimeFrame settings.

The fatter blue lines indicate heavy congestion zones implying that price attempted to break these lines multiple times but was not successful. Be very cautious when price is near these lines.

Other, thinner lines represent S & R zones but not as strong as the fat lines.

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