Beyond The Markets

← All guides
Beyond The Markets logoBeyond The Markets
INDICATOR · BEGINNER GUIDE

S/R STRENGTH

Draws support and resistance lines at swing lows and highs, and grades each one by how often price respected it.

◆Weak, Moderate, Strong, Elite◆Broken levels flip role ↺◆Engulfing candles at levels◆Closed candles, no repainting
S/R Strength on a live chart WHAT YOU SEE · GOLD 1H 123456
1Blue line: support, drawn at a swing low. Price has turned up from here.
2Red line: resistance, drawn at a swing high. Price has turned down from here.
3Strength tag: WEAK (1 touch), MODERATE (2+), STRONG (3+), ELITE (5+). The number is the touch count.
4Dashed line with ↺: a broken level that flipped role: old resistance is now support, or the other way round.
5Grey dotted line: a retired level: it broke a second time and is kept only as history.
6Engulfing frame: a strong candle that swallows the one before, at a Strong or Elite line. Green at support, red at resistance.

Use it in 5 steps

  1. Switch it onOpen Charts → Basic Indicators → tick S/R Strength Levels. Blue lines are support, red lines resistance. The dashboard sits top right.
  2. Find the nearest levelsRead Resistance above and Support below in the dashboard: price, grade and distance in ATR (average candle size).
  3. Favour the strong onesSTRONG lines have 3+ touches, ELITE 5+. A WEAK line has been touched only once, so trust it less.
  4. Watch for an engulfingAt a Strong or Elite line, a framed BULLISH ENGULFING (support) or BEARISH ENGULFING (resistance) shows the level being defended.
  5. Use breaks and retestsA close beyond a line breaks it and it flips (↺). A pullback to the flipped line is the classic retest. Keep your stop on the other side.

A level being defended

A level being defended

Gold 1H, 20–21 Oct. Twice price dipped to a STRONG support line and a bullish engulfing candle formed there: the level was being defended.

The dashboard

The dashboard

  • Status pill: Between levels most of the time, or Support / Resistance broken, or Engulfing at support / resistance.
  • Resistance above / Support below: the nearest line each side, with price, grade, touches and distance in ATR.
  • Strongest level: the line with the most touches. ↺ means it has flipped role.
  • Last break and Engulfing at a level: what happened, at which price and how many candles ago.
  • What this means: a plain-English reading of the latest event. Click the title to hide the card.

Golden rules

  • A line is a level, not a signal. Wait for a closed candle to show you which way.
  • Never skip the stop loss. Put it beyond the line and risk 1% of your account or less.
  • Lines appear late. A new line shows 10 candles after its swing, once the swing is confirmed.
  • Practise first with the Replay button: play old candles forward and trade them for free.
🔔 Get told when it happens: click Alerts (the bell), choose S/R Strength Levels and tick “Bullish engulfing at support” and “Bearish engulfing at resistance”.
BEYOND THE MARKETS
beyondthemarketstrading.com · Indicator guide 17: S/R Strength
For education only, not financial advice. Strength grades count past touches and do not guarantee a level will hold. Trading carries risk.

For educational purposes only. The results in this guide come from testing on past prices. Past performance does not guarantee future results, and real spreads, slippage and delays can make results worse. Nothing here is financial advice, and trading carries a high risk of losing money. Read the risk warning.