hello,
what i have observed in a chart using the support and resistance (barry) is pretty amazing actually. first of all here is my concept of the whole system, and please point out all the wrongs from it that you think are wrong.
1) the barry indicator draws support and resistance of three thicknesses. lets call the thickest level 1, and the lightest level 3. (i dont know what these various thicknesses stand for, if you know it, kindly share)
2) my understanding is that it is fractal based and the dots appear only after three bars.
any how look at the image below, where ever the price touches the level 1 boundary the first time, it bounces off 100% surely. Now i think the problem with this system is that the level line appears only after the third bar closes ? is it so ? is there any solution to this ?
Secondly you can close the trade where the level 2 appears.(off coarse here is the problem, level two will appear after closing of three candles)
is there any way to perfect this finding ? or did i just found out something that is already been a trashed idea ?
what i have observed in a chart using the support and resistance (barry) is pretty amazing actually. first of all here is my concept of the whole system, and please point out all the wrongs from it that you think are wrong.
1) the barry indicator draws support and resistance of three thicknesses. lets call the thickest level 1, and the lightest level 3. (i dont know what these various thicknesses stand for, if you know it, kindly share)
2) my understanding is that it is fractal based and the dots appear only after three bars.
any how look at the image below, where ever the price touches the level 1 boundary the first time, it bounces off 100% surely. Now i think the problem with this system is that the level line appears only after the third bar closes ? is it so ? is there any solution to this ?
Secondly you can close the trade where the level 2 appears.(off coarse here is the problem, level two will appear after closing of three candles)
is there any way to perfect this finding ? or did i just found out something that is already been a trashed idea ?