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Show S/R Lines?
This parameter allows you to control the display of S/R lines on the chart. This parameter has three settings available:
| • | None: Select this setting to prevent S/R lines from being displayed on the chart. |
| • | Active Only: Select this setting to display only those S/R lines that have not yet been breached. Important: A S/R line is considered as breached if price crosses over the S/R line at any point along the length of the line. By crossing over we mean that price must have closed on one side of the line and then at some point closed on the other side of the line. A High or Low that pushes past a S/R line is NOT considered as a breach. |
| • | All: Display all S/R lines. Any S/R lines that are Active will have a small square displayed at the very end of the S/R line. This will make it easier for you to differentiate between those S/R lines that have already been breached and those that have not yet been breached. |
S/R lines are price levels that have acted as support and/or resistance in the past and, it is assumed, will again in the future. S/R lines are displayed as colored horizontal lines on the chart and are drawn from the oldest pivot point in the group of pivot points that created the support/resistance level. All S/R lines are assigned a 'strength' rating. S/R line strength is simply a measure of how many pivot points have touched the line from beginning to end..... the more pivot points that touch the price level, the stronger that price level is likely to be in terms of providing support/resistance. The current Tolerance value is used to determine whether or not a particular pivot point has touched a particular S/R price level.
Tolerance ATR Length
Tolerance Multiple (ATRs)
S/R Strength
S/R Formatting
S/R Line Thickness
SR/Gap Proximity (ATRs)
Color - SR Line
Overview of Terminology
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