NVME Support and Resistance
Showcase - Support and Resistance Settings - Miscellaneous Settings - Usability Tips
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Showcase - Support and Resistance Settings - Miscellaneous Settings - Usability Tips
Last updated
Was this helpful?
NVME Support and Resistance is the first automated analysis indicator designed by us that provides users with precise and AI back-tested support and resistance zones that can be used by traders to help them find reversal zones, exhaustion zones, major structures, break of structure and they can also be used as a take profit and stop loss zone too. The indicator provides a lot of information onto the chart in seconds and it allows traders to make informed decisions or analysis on where the market might go next too. This indicator is extremely beginner friendly by helping users understand how these zones are identified and it shows the user how to draw them too. Users can customise the indicator to their style too.
NVME Support and Resistance has many customisable settings and different zone detection methods that users can utilise in creating their unique automated trading system. Each zone has their own unique settings group that can be tweaked manually or have an automatic settings chooser applied. If you are unsure about these settings please visit the page link below.
NVME Support and Resistance can be customised in as many visual ways as possible. Users can customise the size of each zone, the plot style, the colour schemes, the label plots and much more. Visit this page to find out more information about customising the NVME Support and Resistance indicator to suit your style.
We recommend that users use the support and resistance zones on the 4 hourly timeframe or higher for the most effective areas where price can reverse. With a higher timeframe, users can expect all of our different zone calculation modes to work effectively.
If a user would prefer to use the zones for scalping on a lower timeframe, we recommend that the user utilises the "Precision-Based Mode" or the "Oscillator-Momentum Based Mode" as these provide better plots on there.
If a user would prefer to use the zones for reversals or to identify major structural points on a higher timeframe, we recommend that the user utilises the "Precision-Based Mode" or the "Strength-Based Mode" as these provides better plots for those situations.
If a user would like to have zones that can be used for re-entries and shows trend continuation, we recommend using "Oscillator-Momentum Based" as this mode mostly targets the zones that follows the current trend.