DislikedIs there a reliable Support and Resistance Indicator ? What is your best one ? What I am searching for is something that can recognize support and resistance zones that are very close to the ones made by expert traders. I am ready to develop such an indicator if it is not available, or improve an existing one if any. This is an R&D work, and all findings will be shared here.Ignored
I hope you do not mind me joining this debate. I was wondering in your mind whether you felt that your R&D has yet taken you close to fulfilling your original quest description reproduced above.
I use the S&R indi below for now and it seems to be one of the better ones, i don't believe it fully meets the "resistance zones that are very close to the ones made by expert traders" though.
Support and Resistance OC v02.ex4 41 KB | 2,668 downloads