Smooth Fractal Average extends the criteria for determining the level of support or resistance based on moving averages (EMA, SMA, SSMA, LWMA) for High and Low prices.

The resistance level is determined immediately after the rising moving average of the High price begins to move down.

Similarly, for the Low price of the moving average: support levels are set when there is a hint of an increase in the moving average of the Low price.

Thus, the support/resistance level is set after changing the slope of the moving average price High/Low.

Advantages:

• The ability to determine support and resistance based on less volatile price behavior.
• Excellent for traders who use moving averages.
• The lower and upper moving averages are defined for any period. Thus, it can assist long-term investors in determining the support/resistance levels from scalpers.