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In Episode 183 of the series, I will be showing you The Support and Resistance Classification indicator by Lux Algo. This is a powerful tool designed to automate the process of identifying and classifying support and resistance levels in trading charts. It operates by using higher timeframe data to display support and resistance (SR) levels within the visible range of any given chart. These levels are classified from 1 to 10 based on their strength, with lower values indicating stronger support/resistance levels and higher values indicating weaker ones1.
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