Support and Resistance Trading Indicator

Learn how to use a custom Support and Resistance indicator for Forex, EUR/USD, and Gold. Identify key price levels on Daily and H1 charts with this Price Action

Published · Updated · Methodology: Price Action

Part of: Support & Resistance

  • Methodology: Price Action
  • Content type: indicator
  • Timeframes: Daily (for S&R levels), H1 (for candle analysis)
  • Markets: Forex, EU (EUR/USD), Gold

Indicators used

  • Support and Resistance Indicator

Source video

Decoded from: I'm Done - I Just Created the Best Support and Resistance Trading Indicator by Ryan Brown (ResponsibleForexTrading) — watch the original

Key timestamps:

  • 0:00 - Introduction to projects
  • 1:10 - Introduction to the new S&R indicator
  • 2:00 - Indicator features and settings explained
  • 2:50 - How to interpret indicator lines (thickness, hit count)
  • 3:50 - Example of indicator use with news events
  • 4:50 - Manual vs. automated S&R drawing

Strategy overview

Support and resistance is the practice of marking price levels where past reactions clustered and treating them as reference points for future ones — a concept old enough that the interesting question is rarely what it is, but who draws the lines. This entry decodes a video that answers the second question with software: Ryan Brown's "I'm Done - I Just Created the Best Support and Resistance Trading Indicator", published on the ResponsibleForexTrading channel, is a release note for a tool the channel built rather than a lesson in trading the levels.

The chapter map behaves accordingly. It opens on the creator's projects, moves to the new indicator, then to its features, then to how its output should be read, then to a worked example, and closes on manual versus automated drawing — a final beat that names the actual subject. There is no entry chapter, no exit chapter and no risk chapter anywhere in the record. The one substantial teaching segment is given over to reading the lines the tool produces, their thickness and how often price has touched them, which is a way of ranking levels rather than of trading them. The two decoded timeframes are split by role instead of offered as alternatives: the daily supplies the levels, the hourly supplies the candles read against them.

What the record leaves open is worth stating plainly. "Best" is the channel's own description of its own build, and nothing in the record measures it. No instrument and no session appear anywhere, despite a channel name that points at forex. The only application demonstrated is a level meeting a news event rather than a completed trade. And no rules were extracted from this video, so what is available here is the tool's approach to deciding which level deserves attention — not a system for acting on one.

Topics

support and resistance · trading indicator · price action · forex strategy · eur/usd strategy · gold trading strategy · daily timeframe strategy · h1 strategy · tradingview strategy · trading strategy

Frequently asked questions

What does a support and resistance indicator do that drawing levels manually does not?

It automates the identification of reaction levels and applies a consistent rule to every one of them, so the levels are selected the same way each session. The source video closes on exactly this comparison — automated drawing versus doing it by hand — which is the trade-off it is really arguing about.

Which timeframes does this video work on?

Two, and they do different jobs: the daily chart is where the support and resistance levels are pulled from, and the hourly chart is where the candles are read against those levels. It is a higher-timeframe-levels, lower-timeframe-execution split rather than a choice between two settings.

Does the video give entry and exit rules for trading these levels?

The chapter map covers introducing the indicator, its features, how to interpret its output, an example around a news event, and manual versus automated drawing. No entry, exit or risk-management chapter appears in the record, and no trading rules were extracted from this video.

How should I evaluate a support and resistance indicator before relying on it?

Check whether its level-selection logic is one you can state and defend, then test it on historical data across the timeframes you actually trade before it influences a position. Strategy Decoder extracts the structure of strategies from video sources so you can evaluate what is actually being proposed.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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