Name: Support/Resistance Radar
SKU: 5420
Availability: InStock

Support/Resistance Radar

Original price was: $496.Current price is: $248.

Overview

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This indicator uses swing-point analysis. A delay of N bars is required for a swing to be detected. Therefore, the swing point appearance is delayed by N bars, where N = 10 by default for accurate identification (N is at least 1). However, this delay is not serious because of the long-term effect of the support/resistance, often tens or hundreds of bars afterward.How can we catch a swing high exactly at its peak?
Only after more bars without a further price increase can we know it is a swing high.

Do you love support/resistance?
Do you want to see a unique S/R indicator? Yes! Us too!

Support/Resistance Radar is our excellent PRIME* indicator in the S/R family that took us two years to develop. It was made with swing points, the visual concept of Market Profile, and our proprietary algorithm. The final result is an amazing tool that can find outstanding S/R zones. It helps traders traverse the market and take opportunities, much like radar helps a plane navigate.

Swing point – the core element of our best-seller Divergence Engine$ – is the backbone of the indicator. It helps calculate and draw S/R zones. The indicator finds qualified swing points and then groups them together by vicinity to create an S/R zone. Depending on the data mode you choose, a zone’s value is displayed either in cumulative swing strength or by the total number of points. Finally, multiple zones stack together in the form of volume profile. Thus, it’s new but will feel familiar to most traders.

You will be stunned, just like we were, when you first apply this indicator to your chart and see the power of those swing points that make the S/R zones. For such a simple idea, the effectiveness is beyond imagination. These zones are places where the market frequently aims for rest, bounces, and reverses. Like real radar, it helps traders navigate the market to find a good spot for a position, or just to warn them about choppy movement ahead.

Support/Resistance Radar provides 2 data types for you to choose from:

SwingStrength: In this mode, “Strength” indicates how far the price bounces off from the swing price, like a radar’s waves bounce off from objects. Cumulative strength of points within a zone represents the value of that zone.
SwingCount: In this mode, the number of points within a zone represents the value of that zone.

Key features:

Allow selecting profile data type: SwingStrength or SwingCount
Allow configuring swing point’s neighborhood
Allow configuring swing point’s monitoring period
Allow configuring swing point’s minimum strength
Allow configuring S/R zone max height (ticks)
Allow filtering peak line by neighborhood
Allow customizing the color & visibility of swing points
Allow customizing the color & visibility of peak line
Allow painting profile with colors gradient to highlight where profile data distributes most or least
Allow quick on/off switch via a draggable & customizable toggle, WITHOUT reloading chart