S/R Mode
Last updated
Last updated
BirdViewTrading A S/R Mode is not the ordinary support & resistance mode. S/R mode is trying to detect the support and resistance lines of multiple timeframes at the same time!
S/R Mode consists of 4 rows of dots. Row 1 is the highest (so the strongest) timeframe, and row 4 the lowest (so the weakest) timeframe. Within the rows you can see the following indicators:
Support (S)
Neutral (N)
Resistance (R)
See the example below:
In the row 1 (highest timeframe) you also see S1, S2, R1, R2. When the price hits:
S1: High chance of instant reversal into the upside
S2: Highest chance of instant reversal into the upside
R1: High chance of instant reversal into the downside
R2: Highest chance of instant reversal into the downside
As you can see below, the algorithm detected a strong support zone (all support timeframes at the same level). You can for instance draw a support zone from it and price will likely to find support on that level.