Learning Support and resistance with touches 5.0
Learning Support and resistance with touches 5.0The difference is quite insignificant and the algorithm realizes that it is better to draw a more relevant level than to leave the current one on the chart. This phenomenon is so incredibly rare with the right settings that I had to look through 20 different charts before I found it. You can either leave or erase these levels. I want to make it clear that this is not a redraw, because the new level is still in the area of the previous one, because we have the setting enabled to allow the level to be broken by the shadow. If we had turned off the setting for shadow piercing, the level in this place would simply end, not become faded, and a new one would be drawn after it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.