MB SR Levels is a simple, albeit strong tools for technical analysis. It depicts Support and Resistance levels and gets them updated candle by candle. By default, there are four (adjustable) levels. You can set their period in the settings.  Each level represents the Support or Resistance lasted for n  ( Adjustable P1 to P4 periods) previous candle.  Breakout of the Support or Resistance levels can be considered as entry signals. Considere the importance of those levels and possibility of price bounce in your strategy. Have a safe trade then :)