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Re: THE BEST SUPPORT AND RESISTANCE INDICATOR FOR MT4

Jedidiah, Tue Dec 27, 2022 5:05 pm

Swing sensitivity: 100
These swing high and swing lows have a sensitivity of 100, meaning the are bigger and stronger.
Swing Sensitivity: 30
If we adjusted our swing sensitivity to something like 30, this would result in a lot more weaker lines appearing. This would mean there are many weak swing highs.

These swing highs have a sensitivity of 30, meaning they are weaker (and hence there are more of them)
Combining swing highs to create strong areas of resistance
Now, when more than 1 swing high combines, it becomes a strong level of resistance. This is shown by a highlighted area on the chart with our MT4 indicator.

What our MT4 Support and Resistance indicator does is that it intelligently scans the entire chart for such levels and if they are close enough, they are combined to form a swing high resistance area.
When multiple swing highs line up together, it creates an AREA of resistance.
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