Support and Resistance Indicators

Analysis of support and resistance can be a very significant part of proper market analysis and is often a key component to success. This is true because support and resistance area on charts are where the balance of supply and demand has changed. Having a solid indication of where these areas are on your charts can help you to be a more effective trader, reduce risk and trade less by staying out of undesirable market environments. SmartTools in this category are therefor a crucial part of any traders indicator tool kit.