PZ Support and Resistance Indicator

Point Zero Trading

By Gif... on Dec 8, 2022

– PZ Support and Resistance Indicator

Tired of plotting support and resistance lines? The is a multi-timeframe indicator that auto-detects and plots support and resistance lines in the chart with a very interesting twist: as price levels are tested over time and their importance raises, the lines become thicker and darker.

  • Boost your technical analysis overnight
  • Detect important price levels without browsing through charts
  • Recognize the relative strength of all price levels at a glance
  • Save up to half an hour of plotting lines for every trade
  • The indicator displays the age of all price levels
  • The indicator is non-repainting

Past and present price levels are collapsed by proximity and adjusted to the current market action. Lines are drawn where the action is and not necessarily at the peaks.

  • Price levels get darker and wider as they get rejected over time
  • Unimportant price levels are cleared regularly to avoid noise
  • Customizable timeframe selection and collapse factor
  • It implements email/sound/push alerts for breakouts

Point Zero Trading – PZ Support and Resistance Indicator, PZ Support and Resistance Indicator, Point Zero Trading.

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