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Updated Price Action Indicators (1.08) – Buy Sell Pressure, S/R Day Trading SR Pro, S/R Opening Range, Simple Always In

S/R Opening Range

Opening Ranges are important to a lot of traders because they often provide an indication of sentiment for the day’s price action. 

The latest version of the Opening Range indicator just got an additional setting for showing the Price Action around important levels of the Opening Range.

If price is close to the High/Low or middle of the Opening Range Price Action at the corresponding support/resistance level can be highlighted. Pullbacks or Tails at these levels can be highlighted as well.

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New Indicator – Day Trading S/R Pro

Support and resistance are important levels where lots of buyers and sellers are willing to trade a security. Although single lines look nice on a chart, levels need to be seen as zones. Like Al Brooks is saying here “One of the most useful rules in trading is that if something resembles a reliable pattern, it will likely behave like the reliable pattern. In any case, nothing is ever perfect or certain, so close is usually close enough.”

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