Application rules
1. Calculate the pressure and support of the current stock price by the cumulative number of transactions of the stock price traded every day, which is displayed with purple bars. The longer the purple line is, the greater the volume accumulated in this price range, and the greater the pressure or support.
2. In the process of rising, if you encounter a long purple line (large trading level), sell it first and make up when the support level is reached.
3. In the process of falling, if you encounter a long purple line (big trading level), there will be support and you can intervene on dips.
4. The rise broke through the long purple line (high pressure price area), but the decline did not fall below it, suggesting that the stock changed from empty initiative to multi-initiative, and the pressure turned to support, so you can add positions to buy.
Matters needing attention
1, before using SSL indicators, it is necessary to re-evaluate individual stocks (19+EN? TER), so that the historical actual stock price cost reflects correctly.
2. You can combine the "Stack Chip Distribution" function on the K line (12+EN? Ter, there will be a gray horizontal line distribution similar to SSL on the K line). When the signals of the two are consistent, the result is more accurate.
At present, people generally agree that the market at 1750 is a dense trading area, but the actual stocks are very different. Some stocks have actually broken through the original pressure level corresponding to 1750 before the market, and started to rise, while others were under pressure in dense trading areas, rather than rising. Investors can use SSL indicators to select stocks that have broken through the purple long-term pressure and gained an upward trend ahead of the broader market.