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Support/Resistance at 5's Trading System


To Import this Trading System, open the Configure Modules Window and right click on the window.  Then choose Import and select Fives.mod

This trading system alerts to Symbols that are trading at prices that are multiples of 5, for example 25,30,35, etc.  These round numbers often act as major support or resistance.

Possible Variations:

  •  Change the module function to 2.5 for more support/resistance levels, or to 10 for fewer levels, but stronger alerts

  • Vary the tolerance(maximum distance from a multiple of 5) by changing the parameter from 0.1 to 0.25


Configuring the Fives Trading System with Stormtracker V4.0

 

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