http://www.forexfactory.com/showthre...72#post9328872
Here is a good support and resistance indicator for longer term trading (4hr and over charts).
The horizontal levels are broken/stopped when the price cuts these levels. Illustration of how it is currently attached.
However, it could be made even better if the support and resistance levels were allowed to continue until they were broken by an OPEN price (rather than the current price) but if someone who knows about coding can adapt it, then the new version will be even better.
George
Here is a good support and resistance indicator for longer term trading (4hr and over charts).
The horizontal levels are broken/stopped when the price cuts these levels. Illustration of how it is currently attached.
However, it could be made even better if the support and resistance levels were allowed to continue until they were broken by an OPEN price (rather than the current price) but if someone who knows about coding can adapt it, then the new version will be even better.
George
Attached File(s)
IndicatorCrossCCI 8v2.mq4
17 KB
|
521 downloads