If it is broken a second time, it disappears. A value of 0 means that the level can be broken only once. The more times a support/resistance level is broken, the weaker it is. This value scans how many times the particular support/resistance identified has been broken. Once the second swing high/low is reached, the indicator will use this new resistance/support area and do a modified scan based on FurtherPips. This is not a hard and fast rule, rather, the main idea is to provide more scanning area for overlaps as the time frame goes bigger. The key idea here is to find areas where multiple swing high/lows coincide. A value of 5 would mean it scans 5 pips above and below the first swing high/low for any other swing high/low to reach it. The InitialPips value is the ‘buffer’ it uses to detect whether another swing high/low is near it. What the indicator does is it takes these swing highs/lows and plots a line to detect whether it coincides with other swing highs/lows.

The higher this value, the stronger the swing highs/lows you identify. This means that for example, if you have 20 as this value, then the swing high would require 20 bars to the left and to the right of it to be lower than it to create the swing high point. This is how many bars you would need on the left/right of a high/low to create a swing high/low. Here’s a simple Table of Content list so you know what we will be covering today (it’s a lot lol) Improving Your Accuracy with CorrelationĪt the end of this topic, you should be well on your way to making seriously good money using support and resistance to trade.Improving Your Accuracy with Price Action.Improving Your Accuracy with Stochastic.Improving Your Accuracy with Fibonacci Retracements.Improving Your Support and Resistance strategy Accuracy.Identifying overlap support and resistance on the indicator.

Horizontal Overlap Support and Resistance Areas.Identifying pullback support and resistance on the indicator.Pullback Resistance and Pullback Support Areas.Identifying swing high and swing low areas on the indicator.Understanding Swing High and Swing Low Areas.Today we will be covering a few things, in particular, to prepare you to not only use this support and resistance indicator but also to make good money trading it. Because support and resistance works in the form of zones (areas), not specific levels. Before you can even begin to trade support and resistance, you need to understand how to interpret it and most importantly, how to filter out the good zones from the bad zones.

Donforex perfect zones