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Advanced Support Resistant Finder

69 USD

Demo downloaded: 3

Published: 26 August 2024

Current version: 1.1

Advanced Support Resistant Finder

Utilities
Tan Cuong Nguyen
Version: 1.1
Updated: 1 September 2024
Activations: 5

This powerful utility is designed to enhance your trading analysis by automatically identifying key support and resistance levels and detecting divergences on popular technical indicators such as the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence).

Key Features:

Automatic Support and Resistance Plotting:
- The utility scans the chart for significant swing highs and lows, plotting precise support and resistance lines. These levels can help traders identify potential areas of price reversal or breakout, making it easier to spot trading opportunities.
Divergence Detection on RSI and MACD:
- The utility detects both bullish and bearish divergences on RSI and MACD indicators. Divergences can indicate potential trend reversals, providing traders with early signals for entering or exiting trades.
Customizable Settings:
- Adjust parameters such as the sensitivity of swing high/low detection, the periods for RSI and MACD, and the appearance of support/resistance lines. This flexibility allows the utility to be tailored to fit your specific trading style and strategy.
Real-Time Alerts:
- Receive real-time alerts when new support or resistance lines are identified or when a divergence is detected. Alerts can be displayed on the platform, or sent to your email or mobile device, ensuring you never miss important signals.
User-Friendly Interface:
- The utility is designed for simplicity and ease of use. Its intuitive interface allows traders of all experience levels to set up and start using the tool quickly and efficiently.

Benefits:

Improve Trading Analysis: By automatically spotting key levels and potential reversal signals, this utility enhances your market analysis and helps you make more informed trading decisions.
Save Time: Eliminate the need for manual chart analysis. The utility continuously monitors the market and highlights important levels and signals for you.
Versatile Tool: Suitable for various trading styles, including day trading, swing trading, and long-term investing.

How It Works:

The utility continuously monitors price movements and calculates significant swing highs and lows to draw support and resistance lines on the chart.
It also checks for divergences between price action and the RSI/MACD indicators. When a divergence is identified, the utility provides an alert.
These features help traders quickly and effectively identify high-probability trading setups based on historical price action and technical indicator signals.

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Version 1.1 2024.09.01

Fix initialization failed when the chart already has other indicators.