Resistance Support Lines

As a trader in the Forex market, the tools you utilize can significantly influence your trading outcomes. The Resistance Support Lines software is one such tool designed to aid with Forex market analysis and currency trading. Here, we provide an unbiased review of this trading software, including its features and functionality.

Understanding the Functionality of Resistance Support Lines

The Resistance Support Lines software operates on an indicator that calculates fractal lines, which are technically psychological support or resistance lines. Essentially, these lines represent the highs and lows of the price over a specified period. The indicator functions across all charts and timeframes, making it an adaptable tool in Forex trading.

Key Features of Resistance Support Lines Software

This software comes with specific settings that are fixed in the free version. The ‘Fractal Candels’ is set at 5, which indicates the number of candles from which a fractal is built. It calculates the maximum or minimum at which a psychological price can be set. The ‘Rigth Candels’ and ‘Left Candels’ are set at 1 and 3 respectively, helping to filter false fractals to the right or left of it. The ‘Candels Limit’ is set at 400, which represents the number of last candles on which the indicator works. The ‘Identity Lines’ is set at 2, which is the minimum distance between two lines of the same type. This coefficient helps reduce the number of lines that are close in price.

Performance and Usability

When the previously formed line is broken by the price, it remains on the chart briefly before being deleted. While this line ceases to exist for the indicator buffer, it’s significant to note that this version of the software does not come with indicator buffers. For automated trading, the Resistance Support Lines Pro version is more suitable.

Customer Support

For any questions or need for assistance, users are encouraged to contact the author, Fertikov Serhii, via direct message. Serhii has a range of indicators, advisors, and scripts available in his seller’s profile, which could further enhance a trader’s Forex market analysis and trading strategies.

Frequently Asked Questions (FAQ)

Where can I see independent testing of this product?
Independent testing of the Resistance Support Lines software can be viewed on the forexroboteasy.com website.

Can I receive updates on the results of testing this product?
Yes, you can subscribe to updates on the testing outcomes of this product on the forexroboteasy.com website.

Can I share my experience of using this product?
Yes, users are invited to share their experiences using this software. Your insights could be invaluable to others in the Forex trading community.

In conclusion, the Resistance Support Lines software offers an innovative approach to Forex market analysis. While the free version has its limitations, it can still be a valuable tool for traders looking to leverage technological assistance in currency trading. For automated trading, consider upgrading to the Pro version of this software.