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    cTrader Support & Resistance RSI


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    This Support and Resistance RSI indicator uses the standard support and resistance formulas with a Relative Strength Index (RSI) indicator. This indicator helps traders identify overbought and oversold signals and highlight key support and resistance zones, making it easier to fine-tune trading decisions.
    (OS) Type: Windows & macOS Compatible
    Current version: 1.0.0
    Updated: Monday, 16 December 2024
    Author: ClickAlgo Team

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    Educational content: Read our disclaimer

    £14.99 Incl. VAT.
    cTrader License

    Lifetime license, 1-year free updates


    Source code required to run on the cloud.







    An RSI Support and Resistance indicator combines the power of the Relative Strength Index (RSI). This momentum tool tracks the speed and direction of price changes, with key support and resistance levels on a chart. The RSI highlights overbought conditions (above 70) and oversold conditions (below 30), signalling potential reversals. 

    When these RSI signals line up with significant support or resistance zones, areas where prices often stall or reverse—it adds weight to the chances of a breakout or reversal. This pairing helps traders better identify price movements.

     

    cTrader Support & Resistance Indicator

     

    How does it work?

    This indicator allows you to choose between four different calculations for the Relative Strength Index (RSI) indicator used to determine the Support & Resistance Levels.

    • Low displays the maximum number of levels on the chart or a shorter period.
    • Medium displays the most beneficial number of levels.
    • High, this displays lower levels but is calculated over a more extended period.
    • Extreme displays the lowest levels but is calculated over a long period.

     

    The opacity allows you to see the candles behind the level boxes; 100 will show the boxes clearly but hide the candles, and 20 will show lightly shaded boxes and have a full view of the candles. you can also change the color of any of the four levels.

     

    How To Install & Remove

    First, make sure you have the cTrader trading platform installed, unzip the file, and double-click on it to install it automatically onto the platform.

     

    Any Questions?

    If you have any questions, please first search our product help forum for the answer, if you cannot find it, post a new question.

     

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