PowerStrike is the latest offering by John Slauson, the creator of ICE™. It is a completely unique MetaStock add-on in that it determines support and resistance based on three phenomena of the market:

  1. Stock prices are heavily influenced by trading near option strike price levels. These levels greatly influence where important buying and selling occur.
  2. Support and resistance is based on the concentrated buying and selling of influential traders.
  3. The human mind gravitates towards memorable, easy-to-remember numbers. These values are typical of option strike prices. Hence many traders’ attention is drawn to these numbers providing the potential for even more “concentrated” buying and selling.