Our Logical Trade Levels (Targets and Stall Points) indicator is a simple but powerful version of support and resistance. We do a fair bit a behind the scenes algorithmic magic but essentially these levels act as very strong support and resistance for entries and also targets. Many of our previously published ideas use these levels to determine likely stall points for our entries as well as best targets up and down. You can see from those published levels how easily you know where price will likely stall out or needs to move through.
While these levels work great for simple support and resistance style break out trading, they work even better when used in combination with our other systems. When using Logical Trade Levels with our other indicators you have a complete solution for not only entering trades correctly (using our Volume Analysis Trading System) but also exiting and avoiding trades at what are the best and worst areas based on the Logical Trade Levels.
To gain access to the Logical Volume Trading System, please visit our website.
If you have any questions, please contact us through the Contact link on our website - https://signaltosignal.com/
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Placeholder for the release version of Smart Volume Analysis System 1.0
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Release 1.0.1 - Fixed bug with shorter time frames not displaying correctly. - Converted to Pine 4.0 (James)
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1.0.2 - Fixed color change bug with non-comparative volume version