Price Support/Resistance indicator

Can anyone help me with this? Im looking for a indicator that will plot a horizontal line at a price level that has been hit the most times the previous day. For ex price hit a 1.3053 lets say 14 times but it hit 1.2899 40 times.. Then the horizontal line would be drown at 1.2899. the counts would be best on the one min chart.

Thanks to anyone that could help. I would love to have this coded

will anyone help me here please

If I understand you correctly, you're describing something like 'Market Profile'. Hence you might be able to find something in this thread.

I also tried searching FF for threads with the word 'profile'.
Here and here are two such threads with more than 100 posts each. Scan the attachments in the threads (click the 'paper clip' icon) for market profile indys.

Even if you don't find anything that meets your requirement, it should give you a starting point.

Drago,

I found a Market Profile indy and modified it slightly.

Now you can turn the colored Histograms (Asia session = olive, European = blue, American = red) on/off with the DrawHistograms parameter.

You can extend the white 'median line' (which AFAIK is the most frequently crossed price of the day) to the right by setting ExtendMedianLine = TRUE.

Hope that I understood you correctly.

David

Thank you for this. But im not sure what a market profile is. I will read the thread you posted. Thank you once again.

Try the indy that I posted first. If it does what you want, it'll save you the bother of reading thru those threads.

ok

isnt what i was wanting but its a cool indi

Glad you think it's cool.

I did the best that I could, with the info that you gave me ("Im looking for a indicator that will plot a horizontal line at a price level that has been hit the most times the previous day.").

Perhaps another programmer would like to give it a try?