The Auto-Support/Resistance uses Artificial Intelligence to automatically plot the support/resistance levels on visiting a chart and rate them based on the strength of different levels analysis just as an expert Technical Analyst.
This feature also empowers a trader to do a lot many things in a very easy manner:
Identify targets on any stock (nearest resistance or support based on Auto-SR).
Decide to take a trade based on a favorable Risk/Reward ratio.
Scan for resistance breakouts (used to identify volume breakouts) or support breakdowns.
Scan for stocks with High Risk/Reward ratio.
Following features will be exclusively available to the Auto-SR addon:
Auto-Support/Resistance Levels drawn automatically on chart (powered by AI)
Auto-Support/Resistance-based Scans (Auto Support/Resistance Breakouts, Near Support/Resistance etc)- supported in all timeframes down to 1-min
High Risk/Reward ratio scans
Risk/Reward Ratio and Stop Loss on Chart
Using Auto-Support/Resistance (Viewed best in IE 6.0+):