OFCD Support and Resistance
Support and Resistance are one of the most discussed and used trading method by traders in their technical analysis. These two are considered to be some barriers in market action. From these levels, traders expect that price will be pushed back or if the level is broke, then the market will continue the movement in the direction of the breakout. What is very important about these barriers is the fact that they are not just a simple line, they are support and resistance zones.
Available platforms: NinjaTrader 8
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OFCDSupportResistance comes with a representation of daily support and resistance zone, which are calculated based on the standard OFCD indicator, along with other options:
- The option to change your trading hours, in order to have the zones plotted only when you are trading
- The option to personalize the height and the number of the support and resistance zones
- Different coloring options
- Paint Background or Bars Paint for a better visualization of the market state
- A large variety of signal and alerts: Sound alerts, Email alert, Twitter alert, Pop-up message alert etc.
