Support/Resistance Finder
Automatically identify key support and resistance levels from your price data.
Price Data
S/R Analysis
- Strong levels held 3+ times - higher reliability
- Watch for confluence with other indicators
- Consider zones rather than exact prices
Understanding Support & Resistance
What is Support?
Support is a price level where buying pressure exceeds selling, causing price to bounce. The more times price bounces from a level, the stronger the support.
What is Resistance?
Resistance is where selling pressure exceeds buying, causing price to reverse. Strong resistance has multiple touches and is often a previous high or round number.
Role Reversal
When support breaks, it often becomes resistance (and vice versa). This is called polarity or role reversal - a key concept for identifying new trade setups.
🔧 How S/R Levels are Identified
Swing Highs/Lows
Price points where direction changed. Multiple touches at similar levels indicate stronger S/R.
Price Clusters
Areas where price consolidated or reversed multiple times. These zones often act as barriers.
Round Numbers
Psychological levels (1.0000, 1.0500, etc.) attract orders and often act as S/R.
Volume Clusters
Levels with high volume indicate significant buyer/seller interest (requires volume data).
📊 Trading with S/R Levels
Zones, Not Lines
Treat S/R as zones (5-15 pips wide) rather than exact prices. Market rarely respects precise levels.
Wait for Confirmation
Don't blindly buy at support or sell at resistance. Wait for rejection candles or other confirmation signals.
Multiple Timeframes
S/R on higher timeframes is stronger than lower. A daily level matters more than a 15-minute level.
Look for Confluence
Levels that align with MAs, Fibonacci, or trendlines are stronger than S/R alone.
Frequently Asked Questions
What is a support and resistance finder?
A support and resistance finder is a tool that automatically identifies key price levels where buying or selling pressure has historically reversed price direction. Our support resistance finder analyzes price data to detect swing highs, swing lows, and price clusters that act as barriers.
How does the support resistance finder calculate levels?
Our support resistance finder uses swing point detection and cluster analysis. It identifies swing highs (resistance) and swing lows (support), then groups nearby prices into zones. The tool counts how many times price touched each level to determine strength.
How many S/R levels should I watch when trading?
Focus on 2-3 strongest levels above and below current price from our support resistance finder. Too many levels causes analysis paralysis. Quality over quantity - one strong level with 3+ touches is better than five weak ones.
When does support and resistance break vs bounce?
S/R levels identified by our support resistance finder are more likely to hold the first 1-2 tests. After multiple touches, they tend to break. Strong momentum and news can override S/R. Volume often increases on valid breakouts.
How wide should support resistance zones be?
Typically 5-15 pips for major pairs in our support resistance finder, wider for volatile pairs or higher timeframes. The sensitivity setting lets you adjust zone width. Zones should capture most price touches without being meaninglessly wide.
Should I trade S/R breaks or bounces?
Both strategies work with levels from our support resistance finder. Bounces offer better risk:reward but lower probability. Breaks have higher win rate but often retrace. Many traders wait for retest after a breakout confirmation.
Why are psychological round numbers important in S/R?
Round numbers (1.0000, 1.0500, etc.) attract orders because traders place stops and limits at these levels. Our support resistance finder includes an option to identify psychological levels, which often act as support or resistance even without historical touches.
What is role reversal in support and resistance?
When support breaks, it often becomes resistance (and vice versa). This is called polarity or role reversal. Our support resistance finder helps identify these key levels that may switch roles after a breakout, creating new trading opportunities.
How do I use S/R with other indicators?
Combine levels from our support resistance finder with moving averages, Fibonacci retracements, and trendlines for confluence. When multiple indicators align at the same level, the support or resistance is significantly stronger and more reliable.
Which timeframe is best for finding support resistance?
Higher timeframe S/R levels are stronger than lower timeframe levels. A daily support identified by our support resistance finder matters more than a 15-minute level. Use higher timeframes for key levels and lower timeframes for entry timing.