The Market Level Indicator: Has Been Created in Order to Simplify The Process of Plotting Support and resistance Levels and Zones on Selected Timeframes. It Significantly Reduces the Time Needed to Plot Them on The Chart & Simplifies a Market analysis Process:
How to Apply? Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. Support occurs where a downtrend is expected to pause due to a concentration of demand. Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
