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Need Best Support and Resistance Indicator

  • #41
  • Dec 21, 2016 11:18am Dec 21, 2016 11:18am
Quoting OAPDave
Be carefull guys you could be heading down the Murrey Maths route {image}

Should look more like Auction Market than Murray.

Link

Ambiguous lines are meaningless.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #42
  • Dec 21, 2016 11:38am Dec 21, 2016 11:38am
Quoting Magix
288 and 1440. EMA.

A visual representation from the EA.

288 below 1440 - Trend definition as Short, waiting for opportunities.
Exits below 1440 on short trades below
Exits on 1440 on short trades when above.

Indicators for visual - MACD - 288/1440 -> quick reference
CCI Histogram ->defined ranges for triggering.
Attached Image (click to enlarge)
Click to Enlarge Name: visual representation.png Size: 51 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #43
  • Dec 21, 2016 12:08pm Dec 21, 2016 12:08pm
I have tested all S/R indicators shared on this thread.
The best so far is Andrew Sumner's SupportResistance indicator, but still far from what I am looking for.
No guts, no glory
  • #44
  • Dec 21, 2016 12:32pm Dec 21, 2016 12:32pm
Hi, try these attached here.
I recommend II_SupDem_v2 and SS_SupportResistance_v06.

Regards
Attached File(s)
File Type: mq4 dyn_s_r.mq4   24 KB | 3,592 downloads
File Type: mq4 Fractal Support and Resistance.mq4   2 KB | 3,504 downloads
File Type: mq4 II_SupDem v2.mq4   29 KB | 5,707 downloads
File Type: mq4 SS_SupportResistance_v06.mq4   33 KB | 6,411 downloads
File Type: mq4 SuperSR 6.mq4   2 KB | 4,341 downloads
File Type: mq4 Support_and_Resistance_(Barry).mq4   2 KB | 3,535 downloads
  • #45
  • Dec 21, 2016 2:43pm Dec 21, 2016 2:43pm
Hello, I saw somewhere SR indicator like these:

Attached Image (click to enlarge)
Click to Enlarge Name: SR indicator.png Size: 23 KB


When price break ressistance it changes color from red to blue..

Anyone know where i can find it ? oR the name ?
  • #46
  • Dec 21, 2016 5:06pm Dec 21, 2016 5:06pm
Have you seen fibonancci traders, zone and zone analysis & probabilities,

I once made it for ninja trader. and it worked well with index futures
look the journal #14 link from here

http://www.fibonaccitrader.com/HELP4...e_analysis.htm
  • #47
  • Dec 21, 2016 5:36pm Dec 21, 2016 5:36pm
Quoting kk100
Have you seen fibonancci traders, zone and zone analysis & probabilities, I once made it for ninja trader. and it worked well with index futures look the journal #14 link from here http://www.fibonaccitrader.com/HELP4...e_analysis.htm
Wow that's taken be back a fair few years, dug out my print off of it, hope Abokwaik has a look just might make a good indicator to test
  • #48
  • Dec 21, 2016 5:44pm Dec 21, 2016 5:44pm
Don't be lazy.. draw it by hand... (will also keep you from blaming the indicator)
The only system that will work is one designed by and for yourself.
  • #49
  • Dec 21, 2016 9:16pm Dec 21, 2016 9:16pm
determined Support and Resistance should be based on experience not indicatorr
  • #50
  • Dec 21, 2016 9:20pm Dec 21, 2016 9:20pm
Quoting Magix
{quote} A visual representation from the EA. 288 below 1440 - Trend definition as Short, waiting for opportunities. Exits below 1440 on short trades below Exits on 1440 on short trades when above. Indicators for visual - MACD - 288/1440 -> quick reference CCI Histogram ->defined ranges for triggering. {image}
Probably excellent!.
  • #51
  • Dec 21, 2016 9:49pm Dec 21, 2016 9:49pm
Quoting OAPDave
Not for a minute saying the market moves in 10% but all I am saying is it as to move, now if I can capture 10,20,30, % moves with a good sensible MM must have a chance to make a few quid, Braintheboss makes good sensible suggestions were to start my (grid) from cannot argue the point, but I am just as I say trying to play with Monthly, Weekly and Daily ranges {image}
Have you tried dividing the day into eighth's instead of tenths?
Good Trading
  • #52
  • Dec 21, 2016 11:30pm Dec 21, 2016 11:30pm
Quoting kk100
Have you seen fibonancci traders, zone and zone analysis & probabilities, I once made it for ninja trader. and it worked well with index futures look the journal #14 link from here http://www.fibonaccitrader.com/HELP4...e_analysis.htm
yes it is very good . if abokwaik create one indicator based on this means i am very much happy to use this .. it looks promising
Success is a Journey Not a Destination....... kind regards ramzam
  • #53
  • Dec 21, 2016 11:59pm Dec 21, 2016 11:59pm
abokwaik.

if you want to know what the banks use as S&R and I am trading this for a while now, you need to know about Bullish and Bearish order blocks.

A 45 minute video can be found here:
Inserted Video


In a nutshell it is the bottom of the last candle before a downtrend and the top of the candle before an uptrend on a 15 m and 4H chart.

The knowledge of that change my trading in a big way. This is were banks and institutions have their algorithm placing orders and where order blocks are located (the big money).

I am doing this by hand now placing those lines, would be great to have an indicator for that.

Cheers.
  • #54
  • Dec 22, 2016 1:10am Dec 22, 2016 1:10am
Quoting kk100
Have you seen fibonancci traders, zone and zone analysis & probabilities, I once made it for ninja trader. and it worked well with index futures look the journal #14 link from here http://www.fibonaccitrader.com/HELP4...e_analysis.htm
Quoting OAPDave
{quote} Wow that's taken be back a fair few years, dug out my print off of it, hope Abokwaik has a look just might make a good indicator to test
Quoting ramzam
{quote} yes it is very good . if abokwaik create one indicator based on this means i am very much happy to use this .. it looks promising
Although I am interested -for the current project- in price memory more than price prediction, I will develop the "HPFZ" indicator.
No guts, no glory
  • #55
  • Dec 22, 2016 1:13am Dec 22, 2016 1:13am
Quoting letuan
determined Support and Resistance should be based on experience not indicatorr
my goal here is to develop an indicator based on experience using "fuzzy logic" just like how a human brain works.
No guts, no glory
  • #56
  • Dec 22, 2016 1:23am Dec 22, 2016 1:23am
Quoting bloodpoodle
Don't be lazy.. draw it by hand... (will also keep you from blaming the indicator)
We are in the "Platform Tech" section, trying to emulate the hand-drawing via an indicator that can be used in automated trading.
No guts, no glory
  • #57
  • Dec 22, 2016 1:26am Dec 22, 2016 1:26am
Quoting Silicus
abokwaik. if you want to know what the banks use as S&R and I am trading this for a while now, you need to know about Bullish and Bearish order blocks. A 45 minute video can be found here: https://www.youtube.com/watch?v=oOTZzVfxPcg In a nutshell it is the bottom of the last candle before a downtrend and the top of the candle before an uptrend on a 15 m and 4H chart. The knowledge of that change my trading in a big way. This is were banks and institutions have their algorithm placing orders and where order blocks are located (the big...
I'll try to watch the video later, thanks.
Buy bottom and top, do you mean Close price , or Low and High ?
No guts, no glory
  • #58
  • Dec 22, 2016 1:35am Dec 22, 2016 1:35am
Quoting abokwaik
{quote} I'll try to watch the video later, thanks. Buy bottom and top, do you mean Close price , or Low and High ?
Low and High of the candle.
Now, the difficult part will be to figure out in programming terms how to define the last candle of and up- and downtrend.
Visually it is easy...

Cheers.

P.S. I highly recommend the above video it tells you all you need to know about S&R and all other indicators don't come close.
  • #59
  • Edited 2:45am Dec 22, 2016 2:34am | Edited 2:45am
Quoting abokwaik
{quote} {quote} {quote} Although I am interested -for the current project- in price memory more than price prediction, I will develop the "HPFZ" indicator.
OK then, here is the HPFZ (High Probability Fibonacci Zones) Indicator. Credit to www-fibonaccitrader-com.

Attached Image (click to enlarge)
Click to Enlarge Name: HPFZ.PNG Size: 48 KB


EDIT : re-uploaded the indicator after fixing labels for E and E1 levels.
Attached File(s)
File Type: ex4 HPFZ.ex4   11 KB | 2,711 downloads
No guts, no glory
  • #60
  • Dec 22, 2016 2:35am Dec 22, 2016 2:35am
Quoting aud
{quote} Have you tried dividing the day into eighth's instead of tenths?
Yes to be fair I do use 12.5%, but did not want to mimic Murrey Maths on this thread, I have studied and indeed met Mr Murrey and have all his manuals etc
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