Kill Zone (Support and Resistance)
Explanation and Usage: The Kill Zone feature identifies critical support and resistance levels by marking previous highs and lows in the market. When the market revisits these zones and shows signs of rejection, the indicator generates a signal to buy or sell.
Customisation Options: While the Kill Zone feature automatically identifies these levels, you can try it on different timeframes to point out various other highs and lows.
Example Scenarios: Imagine the market is trending upwards and hits a previous high, which it then starts to reject. The Kill Zone indicator will signal a potential sell, providing you with a high-probability trading opportunity.
