Dislikedthis is also one taken from ff. but it is error... if it is useful please have a glance {file}Ignored
No guts, no glory
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Dislikedthis is also one taken from ff. but it is error... if it is useful please have a glance {file}Ignored
Disliked{quote} Thanks for your input ... The method you described looks more robotic than human ... it would be too difficult (for my brain) to count/add/subtract the touches at each price point ... Are you sure you are a human Well, one "human" way I know about is to scan the time frames from top to down ... So if we are trading H1, we start with the Monthly and plot S/R lines where price reverses ,,, then we do the same on the Weekly, Daily, H4, and we flag each level by its time frame code.Ignored
Disliked{quote} If you code an algo to do what a human does when they draw SR, that's when you would get the most significant result. So how do humans draw SR? Well, when looking at a chart we basically look for: for each price point{ for each bar on the chart{ if the candle shadow touches the price point then we add weighting to the price point if the price reverses at the price point we add more weighting if there is generally a lot of candle bodies at the price point we subtract weighting You don't need fuzzy logic you just need the right algoIgnored
Disliked{quote} But why a shadow? a shadow indicates a strong movement so IF and only if that movement happens without any significant retrace then it = untouched support/resistance once it comes back to that area and touches up then it is ready to decide its next move i was taught that s/r can be done that same way on a line chart also.... post 100 http://www.forexfactory.com/showthre...19#post8398819 links to the indicator by Clara that utilizes line chart s/r Khalil post 82 ihttp://www.forexfactory.com/showthread.php?p=8396717#post8396717...Ignored
Disliked{quote} Because most of these SR lines are pivot points of some sort - be it a major Fib from a large TF, a Monthly/Weekly pivot point, or even a various confluence of factors. The neat thing is that these areas can persist for years. I studied the way I would manually draw SR without any other method than a line and a chart and with many various models of abstraction this was the most effective method. I think of manually finding SR (or pivots) like an MRI. You scan from the top down, pip by pip - layer by layer, and test each price point against...Ignored
Disliked{quote} I didn't get your meaning I'm pretty sure Khalil, being a coder wishes to code something. Please if you wouldn't mind to clarify.Ignored
Disliked{quote} Because most of these SR lines are pivot points of some sort - be it a major Fib from a large TF, a Monthly/Weekly pivot point, or even a various confluence of factors. The neat thing is that these areas can persist for years. I studied the way I would manually draw SR without any other method than a line and a chart and with many various models of abstraction this was the most effective method. I think of manually finding SR (or pivots) like an MRI. You scan from the top down, pip by pip - layer by layer, and test each price point against...Ignored
Disliked{quote} I posted one mod TRo indi that I got here, free on FF I don't pay for indicators, I make my money trading, not selling mod inids and since you are not TRO, its non of your business....Ignored
DislikedIt is about anticipating the future expected support and resistance, not past.Ignored
DislikedDo these make any sense ? H1 TF EURUSDH1.png;2130128 USDJPYH1.png;2130130 GBPUSDH1.png;2130133 USDCHFH1.png;2130136 AUDUSDH1.png;2130139 {image} {image} {image} {image} {image}Ignored
DislikedLukeb helped me this too... Like this pic if calculated zone is comes for next day it will be good .. To decide after half of market time over {file} {file} {image}Ignored
DislikedDo these make any sense ? H1 TF EURUSDH1.png;2130128 USDJPYH1.png;2130130 GBPUSDH1.png;2130133 USDCHFH1.png;2130136 AUDUSDH1.png;2130139 {image} {image} {image} {image} {image}Ignored
DislikedI personally use the following method which I have devised myself, reading the theory about random walks. And it is fairly accurate. It is about anticipating the future expected support and resistance, not past. There are 2 time frames involved, daily expected SR and weekly expected SR. Daily: We use ATR(1440) of 5 minute time frame. For daily we find = sqrt(1440/5) *ATR(1440) and multiply it with z-scores of 1, 1.28, 1.645, 1.96, 2.58 and add and subtract from daily open price. For weekly we find = sqrt(7200/5) * ATR(1440) and multiply it with...Ignored