Anchor Support Resistance

Developed at Definedge.

The Definedge software automatically generates Anchor support and resistance levels.

Bullish lines represent support lines drawn from bullish anchor columns, and bearish lines represent resistance lines drawn from bearish anchor columns.

The anchor column shows strong momentum. The appearance of anchor columns on past data from a particular level increases the importance of the price point at that level. Therefore, they are logical and objectively defined support and resistance lines.

This concept was developed by Prashant Shah and explained in the video here.