The filter will make it so that the EA will only give you valid bearish (sell) notifications when the price is between the 2 lines that mark the Resistance area. In the same way, the EA will only give you bullish (buy) signals when the price is in between the 2 lines that mark the Support area.
In the next section, we show you how to set up those lines that delimit the Support and Resistance areas.
How to set up the horizontals lines for the S/R area filter #
To create the Resistance area you need to create 2 lines.
The top of the Resistance area needs to be called R1.
The bottom of the Resistance area need to be called R2
We recommend that you use different colors for the lines so you remember which one is which when you are updating them or placing them on other pairs.
The resistance area should look similar to this in your chart.
Now for the Support area we create 2 more lines.
The top of the Support area needs to be called S1.
The bottom of the Support area needs to be called S2
We recommend that you use different colors for the lines so you remember which one is which when you are updating them or placing them on other pairs.
Your chart should now look like this
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