DislikedGreat work, Hugh, Though it does not work for me, since I'm using 5 min Tf's, I think your analysis is good. There is one almost perfect way to determine s/r levels. You can simply use volume. Put volume indicator on 1 hour chart and look for highest volume readings in a day. Then simply put horizontal line on the close of the candle which had highest volume reading. It is almost prefect to a pip. I will try to upload some pictures later.Ignored
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,486 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,486 Posts
MT4/MT5 EAs/Indicators/Alerts coder