Indicators: Bearish Resistance

Bearish Resistance Indicator

Display Bearish Resistance !

A Bearish Oblique Resistance (BOR) is a bearish trendline. When the price repeatedly bumps into resistance, a breakout may occur.

In trading, the break out of a bearish oblique resistance is a potential buy signal.

Description

The Bearish Oblique Resistance indicator shows resistance on the chart for stocks that are close to or in the process of making a break out of the bearish resistance.

All parameters can be adjusted to display according to your criteria. All these settings are available without modifying the code, in a very simple way in the "configuration" menu.

To detect stocks under a Bearish Resistance, scan the market with our Screener.

Adjustable validation criteria :

• Number of scanned candles to find the bearish resistance,
• Minimum distance to the last contact with the resistance,
• Maximum percentage under the resistance.

Available filters :

• Third contact to validate the oblique resistance,
• The short term trend is toward the bearish resistance,
• Actual candle is breaking out the bearish resistance.

Display options :

• Display the bearish resistance as a segment or as a line,
• Display keypoints

Video user guide (english subtitles available) :

Details of available settings :

Download guide

Characteristics

• Works on all TimeFrames
• ProRealTime V11 and later versions compatible,
• Free ProRealTime (daily closings) compatible,
• Automatic and free updates for life.

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Disclaimer

Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.