Using Gaps as S&R | Forex Factory

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Using Gaps as S&R

  • #1
  • First Post: Edited Jun 22, 2016 1:13am May 30, 2016 11:14am | Edited Jun 22, 2016 1:13am
Hi guys this was my first indicator experiment 5 years ago,

t is based on my study's on Gaps, and how to use them to setup Support - Resistance levels.

more info in trading system
  • #2
  • May 31, 2016 9:22am May 31, 2016 9:22am
But are u looking to use it as an indicator or EA?
in second case u need different coding.
  • #3
  • May 31, 2016 11:24am May 31, 2016 11:24am
Quoting hanzov
But are u looking to use it as an indicator or EA? in second case u need different coding.
hi thanks for reply, i want indicator, so i can add to my eas
  • #4
  • May 31, 2016 11:38am May 31, 2016 11:38am
Some setups i would consider to analyse

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  • #5
  • May 31, 2016 11:43am May 31, 2016 11:43am
Gbpchf looks like can do h&s
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  • #6
  • Edited 12:09pm May 31, 2016 11:44am | Edited 12:09pm
What i like of using GAPS as S&R is clean fast and easy , and i think im the only one who uses them like that
  • #7
  • May 31, 2016 11:58am May 31, 2016 11:58am
how to use them
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  • #8
  • May 31, 2016 12:06pm May 31, 2016 12:06pm
Another trade idea for today

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  • #9
  • May 31, 2016 12:32pm May 31, 2016 12:32pm
The higher the timeframe verifiyng supp or resistance the stronger. This on m30

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  • #10
  • May 31, 2016 12:47pm May 31, 2016 12:47pm
why?? well i think the biggest orders are the gaps... gap down is a big order down set into the market. then they make what we call resistance or support. then the candles are the traders, and whe a wick comes into play, it confirms the traders orders into that direction. If the trader orders is bigger well then breaks supp or res.
  • #11
  • May 31, 2016 1:19pm May 31, 2016 1:19pm
We need make indi better by using only confirmed support resistance gaps. thats good start, and i think we can usee on many strategys of our own..
  • #12
  • May 31, 2016 1:25pm May 31, 2016 1:25pm
gbpusd confirming buy
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  • #13
  • May 31, 2016 1:58pm May 31, 2016 1:58pm
To make it show just the solid line is easy.
I tried to implement your request, but wanst able to do it ( the strong and weak ).
  • #14
  • May 31, 2016 2:05pm May 31, 2016 2:05pm
Quoting guilherme
To make it show just the solid line is easy. I tried to implement your request, but wanst able to do it ( the strong and weak ).
yes, is difficult what i as for i could not do either
  • #15
  • May 31, 2016 2:06pm May 31, 2016 2:06pm
Quoting Danielant
{quote} yes, is difficult what i as for i could not do either
we need someone really good coding haha
  • #16
  • May 31, 2016 2:24pm May 31, 2016 2:24pm
dotted lines are important also, we need make it show only when 2 gap closed by one wick this the important ones
  • #17
  • May 31, 2016 7:37pm May 31, 2016 7:37pm
Microsoft will buy tomorrow
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  • #18
  • Jun 2, 2016 2:51am Jun 2, 2016 2:51am
Quoting HighFivve
Nice Indian thankx. For sharing If you want more feedback ? open a thread in trading systems .GL
hi what is that haha

this my ea usng current indi that i shared, im willing to reduce DD by adapting that Stronger Res or Support, this in my own case, but i think anybody can adapt to theyr own..

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  • #19
  • Jun 2, 2016 3:37am Jun 2, 2016 3:37am
So in red lines we SELL and in green lines we BUY ?
  • #20
  • Jun 2, 2016 3:43am Jun 2, 2016 3:43am
Its repainting every couple of minutes....
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