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Need Best Support and Resistance Indicator

  • #241
  • Nov 18, 2017 11:49am Nov 18, 2017 11:49am
*****Correction******
Actually the correct way of the last part should be like this:

For the high levels:

Level1[i]=Close[0] *MathExp((MathSqrt(BarsRemaining) * LeastSquareVolatility) * 1);
Level2[i]= Close[0] * MathExp((MathSqrt(BarsRemaining) * LeastSquareVolatility) * 1.645);
Level3[i]=Close[0] * MathExp((MathSqrt(BarsRemaining) * LeastSquareVolatility) * 1.96);
Level4[i]=Close[0] * MathExp ((MathSqrt(BarsRemaining) * LeastSquareVolatility) * 2.576);

For the low levels:

Level1[i]=Close[0] *(2- MathExp((MathSqrt(BarsRemaining) * LeastSquareVolatility) * 1));
Level2[i]= Close[0] * (2-MathExp((MathSqrt(BarsRemaining) * LeastSquareVolatility) * 1.645));
Level3[i]=Close[0] * (2-MathExp((MathSqrt(BarsRemaining) * LeastSquareVolatility) * 1.96));
Level4[i]=Close[0] * (2-MathExp ((MathSqrt(BarsRemaining) * LeastSquareVolatility) * 2.576));

Good Luck....
  • #242
  • Nov 27, 2017 9:40am Nov 27, 2017 9:40am
Thanks GTH!

I hope you had a great Thanksgiving . . . I just returned and will now put some coding to work. Will be very interesting to see how this indicator works/performs in a variety of situations. My 'version' will be 'tune-able' such that I can change the lookback period for smoothing, etc..

Be back to you guys with some graphs in a couple days . . .

Sling
  • #243
  • Nov 27, 2017 6:13pm Nov 27, 2017 6:13pm
Quoting SlingTrade
Thanks GTH! I hope you had a great Thanksgiving . . . I just returned and will now put some coding to work. Will be very interesting to see how this indicator works/performs in a variety of situations. My 'version' will be 'tune-able' such that I can change the lookback period for smoothing, etc.. Be back to you guys with some graphs in a couple days . . . Sling
Welcome Sling.
Please let me know what you think about it after you finish coding....

Good Luck......
  • #244
  • Nov 30, 2017 10:51am Nov 30, 2017 10:51am
Quoting ramzam
this is fibo and supres inidcaotr.... {image} {file} {file}
alerts are not coming?
  • #245
  • Dec 9, 2017 6:19am Dec 9, 2017 6:19am
Quoting abokwaik
{quote} OK then, here is the HPFZ (High Probability Fibonacci Zones) Indicator. Credit to www-fibonaccitrader-com. {image} EDIT : re-uploaded the indicator after fixing labels for E and E1 levels. {file}
Hi abokwaik,

First of all thanks for this indicator, it's great. I've only a little problem, if i go back to the chart this indicator disapper (seems that calculate only a fixed number of bars) can you put it as external variable?

Thanks,
Andrea182
  • #246
  • Dec 9, 2017 6:29am Dec 9, 2017 6:29am
Quoting andrea182
{quote} Hi abokwaik, First of all thanks for this indicator, it's great. I've only a little problem, if i go back to the chart this indicator disapper (seems that calculate only a fixed number of bars) can you put it as external variable? Thanks, Andrea182
There is no limit. Load more history data and it will show.
No guts, no glory
  • #247
  • Dec 9, 2017 7:29am Dec 9, 2017 7:29am
Work in progress .... Dynamic Direction Switch Lines

Attached Image (click to enlarge)
Click to Enlarge Name: AK_SWL.png Size: 47 KB
Attached File(s)
File Type: ex4 AK_SwitchLines.ex4   26 KB | 2,546 downloads
No guts, no glory
  • #248
  • Dec 9, 2017 11:13am Dec 9, 2017 11:13am
Quoting abokwaik
{quote} There is no limit. Load more history data and it will show.
I've tried to load more data (almost 10 years) and at some point it shows as in the attached picture
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 134 KB
  • #249
  • Dec 9, 2017 11:41am Dec 9, 2017 11:41am
Quoting andrea182
{quote} I've tried to load more data (almost 10 years) and at some point it shows as in the attached picture {image}
Load that data (10 years) on D1 time frame, because D1 is used for calculations.
No guts, no glory
  • #250
  • Dec 9, 2017 1:01pm Dec 9, 2017 1:01pm
Quoting abokwaik
{quote} Load that data (10 years) on D1 time frame, because D1 is used for calculations.
The data have been loaded but the results are the same...
  • #251
  • Dec 9, 2017 1:32pm Dec 9, 2017 1:32pm
Quoting andrea182
{quote} The data have been loaded but the results are the same...
Its working fine.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 33 KB


Here is the version I have , in case you have a different one.
Attached File(s)
File Type: ex4 HPFZ.ex4   12 KB | 1,426 downloads
No guts, no glory
  • #252
  • Edited 5:50am Dec 13, 2017 5:30am | Edited 5:50am
Hi guys,
great work you have done together.
I don't want to interrupt the thread, but just give one thought here:
S&R levels lose or gain their impact with time/ repetition, for ex. after some time it is not more important....
maybe such a division and subdivision is favorable.

Attached Image (click to enlarge)
Click to Enlarge Name: S&R all.JPG Size: 42 KB
Check page 1 for all infos...
  • #253
  • Dec 13, 2017 7:54am Dec 13, 2017 7:54am
Quoting AndrewBa-
Hi guys, great work you have done together. I don't want to interrupt the thread, but just give one thought here: S&R levels lose or gain their impact with time/ repetition, for ex. after some time it is not more important.... maybe such a division and subdivision is favorable. {image}
I'm not sure what the intention of your screenshot is... perhaps you're looking for a market profile indicator?
  • #254
  • Dec 15, 2017 12:21am Dec 15, 2017 12:21am
Quoting abokwaik
For example, I am not looking for this one: {image}
If you have this indicator mq4 file, please share.

Thanks
  • #255
  • Dec 15, 2017 5:09am Dec 15, 2017 5:09am
Quoting jomonarikkat
{quote} If you have this indicator mq4 file, please share. Thanks
Here
Attached File(s)
File Type: mq4 SS_SupportResistance_v07.53 (filter alerts MA).mq4   49 KB | 2,648 downloads
No guts, no glory
  • #256
  • Dec 15, 2017 8:44am Dec 15, 2017 8:44am
Quoting koneru423
{quote} alerts are not coming?
i dint know to do for alerts... any one help means welcome
Success is a Journey Not a Destination....... kind regards ramzam
  • #257
  • Dec 15, 2017 9:00am Dec 15, 2017 9:00am
Quoting Nicholishen
{quote} I'm not sure what the intention of your screenshot is... perhaps you're looking for a market profile indicator?
maybe you are right... Market Profile Indicator is what you call this?! ok. Just wanted to know what you think about such a division/subdivision, where you can see that older s&r lines are getting weaker, recent ones more important
Check page 1 for all infos...
  • #258
  • Dec 28, 2017 4:30am Dec 28, 2017 4:30am
Here's a S&R indicator i'm currently working on.

- it can show S&R levels from multiple timeframes
- older S&R levels get wider lines
- S&R levels with more touches get darker lines
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-12-28 at 11.28.48.png Size: 147 KB
Attached File(s)
File Type: ex4 SupportResistance.ex4   30 KB | 2,615 downloads
  • #259
  • Dec 28, 2017 8:07am Dec 28, 2017 8:07am
nice thread .thanks abokwik and all contributer.with all respect i want to share my view/experience .i think any good indicators spot accurate/perfect support Resistance but our main motto is spot momentum where price move nicely/smoothly so we can grab pip and it is only possible if we can spot big money/smart money/operators /big boy's footstep ahah so if you are interested than try to create one that type of indicator which i spot manually everyday/week .

you can check attached link for better idea .if you have any question than don't hesitate to ask..looking forward..thanks

live/current

https://www.forexfactory.com/showthr...0#post10624600
Say something meaningful or Silence!!
  • #260
  • Edited 8:06am Dec 30, 2017 7:30am | Edited 8:06am
I think what ebeckers has coded is really interesting, because it shows MTF.
However, I also found this one; a little older:

Attached Image (click to enlarge)
Click to Enlarge Name: fxghani.JPG Size: 115 KB


Attached File(s)
File Type: zip Holy Grail Support and Resistance.zip   34 KB | 3,016 downloads
Check page 1 for all infos...
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