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RiverScope automatically finds this closest most important price degrees and assistance and resistance zones on the history, as well as recognizes a high number of price behaviour patterns (30 ).

The support and resistance levels are determined by the algorithm for filtering and calculating the historic values of the price, its motion pattern, volumes, etc., they represent the present position, so the nearest levels change depending on the current price in real-time.

  • flexible setting of timeframes for calculating the main and additional support and resistance zones
  • convenient display of zones and levels on the graph
  • information about the scope in points for the main and additional zones
  • output information about the current market situation (average volatility, body size, upper / lower shadow of the candle and their difference, which displays the expected price direction in color: Bullish-blue, Bearish-red)
  • price movement information: ranges and path of passage for today, yesterday, and the average for 5 days
  • comfortable display of the time until the closing of the current candle
  • determining the gap and displaying information about the number of points before it is “closed” in real time
  • easily recognizes 30 candlestick patterns of price movement (with additional filtering)
  • convenient display of information about patterns and gaps: Bullish ones are blue, Bearish ones are red
  • Goiler levels, based on the principles of Gann analysis, provide additional information for trades or strong levels.
    • Levels of Galera give a chance to the transaction if the green line above a dark gray, then a buy signal, if it is below — for sale. Light green – take profit, blue-take profit 2, red-stop loss, orange – either stop loss, or (depending on the market situation) the extreme entry point to the transaction.
    • Either use the Goiler levels as well as all the other support/resistance levels (because the levels are quite strong), i.e. trade either on the rebound from the level, or on the breakdown.

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  • Levels of Galera give a chance to the transaction if the green line above a dark gray, then a buy signal, if it is below — for sale. Light green – take profit, blue-take profit 2, red-stop loss, orange – either stop loss, or (depending on the market situation) the extreme entry point to the transaction.
  • Either use the Goiler levels as well as all the other support/resistance levels (because the levels are quite strong), i.e. trade either on the rebound from the level, or on the breakdown.

– Main options –

  • Main TimeFrame – select a timeframe for calculating the MAIN support and resistance zones:
    • Current – the current timeframe
    • Current 1 is the current timeframe 1
    • Current 2 is the current timeframe 2
    • 1 Minute-fixed timeframe selection
    • …
    • 1 Month
  • Current – the current timeframe
  • Current 1 is the current timeframe 1
  • Current 2 is the current timeframe 2
  • 1 Minute-fixed timeframe selection
  • …
  • 1 Month
  • Extra TimeFrame-select a timeframe for calculating ADDITIONAL support and resistance zones:
    • Without ExtraTimeFrame – do not use ADDITIONAL support and resistance zones
    • MainTimeFrame 1 – the MAIN timeframe 1
    • MainTimeFrame 2 – MAIN timeframe 2
    • 1 Minute-fixed timeframe selection
    • …
    • 1 Month
  • History bars for Levels – the number of bars for calculating support and resistance zones (recommended 500)
  • History bars for Info – the number of bars to calculate information about the current market situation (recommended 50)
  • Path length price – on / off information about the passage of the price
  • Without ExtraTimeFrame – do not use ADDITIONAL support and resistance zones
  • MainTimeFrame 1 – the MAIN timeframe 1
  • MainTimeFrame 2 – MAIN timeframe 2
  • 1 Minute-fixed timeframe selection
  • …
  • 1 Month

– Colors –

  • Color Resistance-level Main – color of the MAIN resistance level
  • Color Support-level Main – color of the MAIN support level
  • Color Resistance-level Extra – color of the ADDITIONAL resistance level
  • Color Support-level Extra – color of the ADDITIONAL support level
  • Color Resistance-zone Main – color of the MAIN resistance zone
  • Color Support-zone Main – color of the MAIN support zone
  • Color Resistance-zone Extra-color of the ADDITIONAL resistance zone
  • Color Support-zone Extra – color of the ADDITIONAL support zone
  • Color Goile Entry level – the color of the entry level (according to Goiler)
  • Color Goile Entry2 level – color of the level of the second entry or stop loss (according to Goiler)
  • Goile Take Profit level – color of the take profit level 1 (according to Goiler)
  • Goile Take Profit 2 level – color of the take profit 2 level (according to Goiler)
  • Goile Stop-Loss level – color of the stop-loss level (by Goiler)

– Additional levels –

  • Bank-level – on / off level bank level
  • Min/Max price previous day-on/off level of min / max price of the previous day
  • Goiler-level (analize Gann) – on/off Goiler levels

– Price Action options –

  • Check GAP – on/off control of the Gap
  • Begin from TimeFrame-select the timeframe from which the patterns will start to be determined (not related to the chart timeframe)
    • Without Price Action-disable the pattern recognition block
    • 1 Minute-time frame selection
    • ..
    • 1 Month
  • Filter Price Action – on / off filtering patterns
  • List of patterns in the on/off mode of each:
    • Engulfing
    • Inside Bar
    • Belt Hold
    • Rails
    • DBLHC
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