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Horizontal Support and Resistances - Update

Writer's picture: Trend RiderTrend Rider

Hi Riders, last week we added a new type of support & resistance lines to our indicator Trend Rider Algo#1.


Use this indicator too:

  • Set targets

  • Set a stop loss

  • Complement reversal/bounce signals for better entries.

  • Seek for confluence with other S/R (rider band, trend S/R, TR Fib perspective)


If you can't see this indicator make sure to remove the Trend Rider Algo#1 and add it again.


Indicator image.


To activate it go to the indicator settings an check this box.






This is a very intersting setup:

Rider Band + Reversal signals + Horizontal support and resistance. (you could add the other two support/resistance ind. as well)



This is how to active that setup:









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Trading is risky & most day traders lose money. This site & the products & services Trend Riders offers are for informational & educational purposes only. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
 

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