1. Use the indicator on any market or time frame you like.
2. The indicator displays support levels in green and resistance levels in red. If the market is holding onto a green support level, it usually means there is will be potential rise in the market, indicating a good time to consider a buy. Conversely, if the market is holding onto a red resistance level, it hints at a possible market drop, signaling an opportune moment to sell. Also, if the market breaks a support level, it usually means the market will go down even more, whereas if the market breaks a resistance level, it usually means the market will continue to go upwards.
3. When the indicators moving average is green, this means the market is "BULLISH" and it is only best to take buying trades. When the indicators moving average is red, this means the market is "BEARISH" and it is only best to take selling trades.
4. In the top right corner, you can see that the support & resistance indicator features the current market trend. If it shows "BULLISH," it's best to focus on buy trades, aligning with upward market momentum. If it shows "BEARISH," consider sell trades, in line with downward market trends. For example, if you take a buying order, you can simply place your take profit at the next resistance level and your stop loss at the last support level. If you take a selling order, you can simply place your take profit at the next support level and your stop loss above the last resistance level.
5. Exit the trade when the trade hits your take profit target.
The time frame that we find the most profitable for this indicator are from between the 15 min time frame up to the hour 4 time frame.