Support and resistance indicators for day trading forex
There are two approaches to support and resistance for day trading forex. One is based on price and the other based on volume. On the NinjaTrader platform, we have the accumulation and distribution which is price-based and on MT4/MT5 we have the dynamic support and resistance indicator, whilst on both, we have the volume point of control which delivers our volume based support and resistance areas. These are defined by the high volume and low volume nodes on the chart.
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