Indicator shows Support and Resistance Levels.
Support and resistanceĀ are certain predeterminedĀ levelsĀ of the price of a security at which it is thought that the price will tend to stop and reverse. TheseĀ levelsĀ are denoted by multiple touches of price without a breakthrough of theĀ level.
Support and resistanceĀ are key concepts that help traders understand, analyze and act on chart patterns in the financial markets.Ā