Support and Resistance are important levels where price has reversed several times in the past. The more times the price reacts to a level by reversing, the stronger that particular level becomes. This TOS indicator automatically identifies the strongest support and resistance levels and draws them on your chart.
This indicator is extremely customizable. You can change the strength and number of levels shown, the time frame of the levels, and whether to only show support, resistance, or both. A multi-time frame (MTF) feature allows you to view support and resistance levels from a higher time frame on a lower time frame chart.
You can receive audio alerts when price touches one of the support or resistance levels. The appearance is also fully customizable. You can change the colors of the lines and the shading of the areas around the lines.
This indicator can be used with stocks, ETFs, futures, and forex on any time frame, including tick and range charts. However, the multi-time frame feature can only be used on time charts.
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