Support Resistance Breakout Indicator
- 指标
- Biswarup Banerjee
- 版本: 2.0
- 更新: 10 八月 2024
- 激活: 20
Indicator Overview
This indicator utilizes the Zigzag indicator to identify potential support and resistance levels. When the price action breaks through one of these levels, a trading signal is generated.
How it Works
- The Zigzag indicator is employed to pinpoint significant price highs and lows, forming potential support and resistance areas.
- A signal is triggered when the current candle closes beyond a previously established support or resistance level.
- Traders can consider entering a position at the open of the subsequent candle after the signal is generated.
Important Considerations
- Signals are based on the closing price of the current candle.
- Always adhere to a strict money management plan when trading.
Indicator Key Features