I have developed this indicator to help identify buy/sell channels. Basically, you can see here I extended the last two buy-sell lines to show support and resistance, in this case, Apple. Which I’ve stayed out of for a while. It’s in a good place to buy is at support and this allows me to see the price. You will see the development of trends and breakouts from trends.
You can add this indicator FREE to your charts on TradingView! Enjoy! — Please note the Pivots will be delayed so you need to enter based on your judgment of the trend.
Please study different devices and stocks with it to get an understanding of what you are looking at.