Help coding S/R on Sinewave Crossing! Please...

Quoting Scottstone

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Can anyone help add support and resistance lines to this sinewave indicator. What I would like is to have a resistance line drawn on the high of the bar when the two lines cross at the top of the window(overbought area), and a support line drawn on the low of the bar when the two lines cross at the bottom (oversold area). I've had some good success trading off these S/R levels. Any help would be appreciated!

Here's a pic so you can see what I mean.

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Quoting biker883

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Hi Scottstone,

When I read your message few days ago I was myself looking at a way to modify the sinewave indicator that I found on the mqlsoft.com web page to display the S/R levels like the the one on the e-mini site.

I was partly successful except for one small problem that now is resolved with the assistance of Igorad from an other forex forum.

Looking myself at the Elhers indicators I would be interested in exchange to found out how you use the sinewave S/R.

May be you could explain it here or start a new thread in the Trading system...

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Quoting Scottstone

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Hey biker883, thanks for the contribution and your interest.

I have only been experimenting with this indicator for awhile, so I will try to post some charts and explain how I sometimes use it. Like you said, it might be a good idea to start a thread using this indicator and getting other people's take on how they use it.
Price always seem to be reacting and sometimes stalling around the crossing of the indicator, a lot off times using the lines drawn as support or resistance, just like any other S/R level.

Anyway I will try to put some charts...

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Quoting sweetmoya

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biker883, could you share your other indicators such as the
schaff trend cycle seems interesting

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Quoting Scottstone

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Here are some charts that show what I mean or more of the idea I have. Basically trying to get something similar to the Better Sinewave indicator you can see in the video in the post above. I would just be happy getting the S/R lines drawn when the Sinewave crosses at the top and bottom. There are other lines that you can see in the video, like the lines he labels as PB(pullbacks) and the lines that say END(end of trend). Not sure how is getting these lines unless he is getting support and resistance lines drawn on there from a smaller time frame...

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Quoting quibowibbler

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Hi everyone,

I've just found this thread whilst trying to code something similar to the better sinewave in Matlab.

I've drawn support and resistances at the crosovers of the two sinewave lines, although I have noticed on the emini-watch website examples that the S/R line is sometimes delayed from the crossover.

I have also plotted the "breakouts" when an S/R level is exceeded.

My understanding of the "pullbacks" is that a new S/R is considered a pullback until its level is broken in the opposite dircetion to a trend, in which case it...

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Quoting quibowibbler

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Hi everyone,

I've just found this thread whilst trying to code something similar to the better sinewave in Matlab.

I've drawn support and resistances at the crosovers of the two sinewave lines, although I have noticed on the emini-watch website examples that the S/R line is sometimes delayed from the crossover.

I have also plotted the "breakouts" when an S/R level is exceeded.

My understanding of the "pullbacks" is that a new S/R is considered a pullback until its level is broken in the opposite dircetion to a trend, in which case it...

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Quoting Scottstone

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Found the Tradestation Sinewave code to compare.


Scotty - well done. It works.

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Quoting Scottstone

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Can anyone help add support and resistance lines to this sinewave indicator. What I would like is to have a resistance line drawn on the high of the bar when the two lines cross at the top of the window(overbought area), and a support line drawn on the low of the bar when the two lines cross at the bottom (oversold area). I've had some good success trading off these S/R levels. Any help would be appreciated!

Here's a pic so you can see what I mean.

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Quoting castletrader

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Here is a comparison of Better Sinewave (top) and the Sinewave Tradestation code (bottom) posted on last page. They are not really the same, but I noticed it depends on the interval. On 1500 tick bar Better Sinewave turns faster, but on weekly data it is opposite. {image}

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