MEASURES THE STRENGTH OF RESISTANCES AND SUPPORTS
The RSD indicator - Resistance, Supports and Direction - is the expert trader's operational tool.
It is the indicator that really makes a difference.
- is an indispensable indicator for any type of trading
- works perfectly on any time frame
- receives as input the number of candles for which to calculate resistances and supports
- draws the resistances and supports: the closer and thicker the lines are, the stronger the resistances and supports are
- draws the "middle" line as the average price line between the highest resistance and the lowest support, indicating the center of gravity of the market for the calculated period
- also receives as input the number of candles for which to calculate Market Sentiment and then draws a green up arrow to indicate winning bullish pressure and a red down arrow to indicate winning bearish pressure
- shows in a label at the bottom right of the chart the percentage of bullish pressure and the percentage of bearish pressure for the chosen number of candles (Sentiment).
The RSD - Resistance Supports and Direction indicator, used by experienced traders, is the indicator that really makes a difference.