Hi,
I'd like to code an indicator/ea which can find current important support and resistance area's, like in the added picture. I'm getting stuck with the logics however. Does someone know an algoritm or method to mechanically find these area's?
Untill now i only tried to put all fractals in an array and form clusters of price area's out of that array. The main problem here however is that fractals also appear at not-so-important area's, confusing the logics.
Hope anybody can help me out here?
Thanks in advance!
Simon
I'd like to code an indicator/ea which can find current important support and resistance area's, like in the added picture. I'm getting stuck with the logics however. Does someone know an algoritm or method to mechanically find these area's?
Untill now i only tried to put all fractals in an array and form clusters of price area's out of that array. The main problem here however is that fractals also appear at not-so-important area's, confusing the logics.
Hope anybody can help me out here?
Thanks in advance!
Simon