NexusFi: Find Your Edge


Home Menu

 





Difference between support resistance levels VS Obsorbtion ?


Discussion in Emini and Emicro Index

Updated
    1. trending_up 420 views
    2. thumb_up 2 thanks given
    3. group 3 followers
    1. forum 2 posts
    2. attach_file 1 attachments




 
Search this Thread

Difference between support resistance levels VS Obsorbtion ?

  #1 (permalink)
octoman7
Newport Beach
 
Posts: 17 since Mar 2023
Thanks Given: 13
Thanks Received: 14

Hello Traders,

I'm new here and putting in the daily work in learning.
Can any experienced futures trader that understands
Orderflow, explain in simple terms, what's the Difference between
support resistance levels VS Obsorbtion levels used in orderflow?

Cheers

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
REcommedations for programming help
Sierra Chart
ZombieSqueeze
Platforms and Indicators
What broker to use for trading palladium futures
Commodities
Trend Direction Force Index (TDFI)
Platforms and Indicators
 
  #2 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183

The "standard" SR levels are calculated with a known formula back from the PIT trading days that look at high/low/close levels over a certain periods.

The order flow levels use actual volume at different levels to show where sell orders are being filled and "absorbed" and same with buy orders on the flip side, hence creating "volume adjusted support/ resistance levels"


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
Thanked by:
  #3 (permalink)
octoman7
Newport Beach
 
Posts: 17 since Mar 2023
Thanks Given: 13
Thanks Received: 14


Thank u for that simple explanation!

Reply With Quote




Last Updated on March 29, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts