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Need Best Support and Resistance Indicator

  • #201
  • Feb 18, 2017 6:32am Feb 18, 2017 6:32am
this is fibo and supres inidcaotr....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
Attached File(s)
File Type: ex4 SS_SupportResistance_v07.53 (filter alerts MA).ex4   90 KB | 2,870 downloads
File Type: mq4 SS_SupportResistance_v07.53 (filter alerts MA).mq4   49 KB | 3,592 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • #202
  • Feb 18, 2017 6:33am Feb 18, 2017 6:33am
this is fibo and supres indicaotr...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
Attached File(s)
File Type: ex4 Support_Resistance.ex4   20 KB | 2,364 downloads
File Type: mq4 Support_Resistance.mq4   9 KB | 3,148 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • #203
  • Feb 18, 2017 6:40am Feb 18, 2017 6:40am
this is fibo and significant pivot points by abokwaik.. can take indi from previous pages....

i posted many combo but fibo is constantly used...
so which one is perfect combo...
need suggestion from you all...
idea is where ever resistance comes and any fibo level matches is perfect sell or vice versa...
so important fibo levels are 0.236 and 0.618 and 0.786 both sides...
price below the pivot and fpoint... can take for sell and cover support plus fibo matching level....
please look all and we can create one idea... abokwaik will do rest for all
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
Success is a Journey Not a Destination....... kind regards ramzam
  • #204
  • Feb 18, 2017 7:16am Feb 18, 2017 7:16am
https://www.fxdayjob.com/best-suppor...ance-indicator ------------ here i found one indicator....
Success is a Journey Not a Destination....... kind regards ramzam
  • #205
  • Feb 18, 2017 8:04am Feb 18, 2017 8:04am
Quoting ramzam
this is fibo and significant pivot points by abokwaik.. can take indi from previous pages.... i posted many combo but fibo is constantly used... so which one is perfect combo... need suggestion from you all... idea is where ever resistance comes and any fibo level matches is perfect sell or vice versa... so important fibo levels are 0.236 and 0.618 and 0.786 both sides... price below the pivot and fpoint... can take for sell and cover support plus fibo matching level.... please look all and we can create one idea... abokwaik will do rest for all...
My suggestion would be that we should mix most of them together and focus on fibonacci , create zone around fibo lines and check how much confirmations you get from other indicators (it can work as weight),technically that would be the best combo.
Know thyself
  • #206
  • Feb 18, 2017 8:39am Feb 18, 2017 8:39am
Quoting fxanalysis
{quote} My suggestion would be that we should mix most of them together and focus on fibonacci , create zone around fibo lines and check how much confirmations you get from other indicators (it can work as weight),technically that would be the best combo.
yes good suggestion but i know only to make lines in mt4 and modify line style color width that much knowledged..... i can give idea only..... so abokwaik or yourself is best choice for this make ............
Success is a Journey Not a Destination....... kind regards ramzam
  • #207
  • Feb 18, 2017 12:37pm Feb 18, 2017 12:37pm
Thanks for the attachments ramzam!
  • #208
  • Feb 18, 2017 12:47pm Feb 18, 2017 12:47pm
Never seen any support and resistance to be really working consistently... That is why they invented S1 S2 S3 and R1 R2 R3. They fuck it up big time, usually, but offering SIX alternatives makes them look like more scientific... hiding the actual fact they just have no idea about anything, really.
Maadik Hugiis. IQ 69.
  • #209
  • Feb 18, 2017 1:06pm Feb 18, 2017 1:06pm
Quoting MoneyZilla
Never seen any support and resistance to be really working consistently... That is why they invented S1 S2 S3 and R1 R2 R3. They fuck it up big time, usually, but offering SIX alternatives makes them look like more scientific... hiding the actual fact they just have no idea about anything, really.
Is that a red diamond ?!!!

Technical Trading is not an exact science. It's a game of probabilities. So you want more odds on your side.
In my view, S/R need not be traded on the first touch, ( or if traded, be with low position size), until they prove respected or broken.
No guts, no glory
  • #210
  • Feb 18, 2017 1:10pm Feb 18, 2017 1:10pm
Quoting ramzam
{quote} yes good suggestion but i know only to make lines in mt4 and modify line style color width that much knowledged..... i can give idea only..... so abokwaik or yourself is best choice for this make ............
Thank you ramzam for your contributions to the thread.
I got stuck with few tasks, and hopefully will resume my research on S/R soon.
No guts, no glory
  • #211
  • Feb 18, 2017 1:41pm Feb 18, 2017 1:41pm
Uses of S/R Lines or Zones:

  1. Probable entry areas after evaluating price action around them
  2. Probable exit/scaling out areas as price approaches them
  3. Scale In zones in the direction of the primary trend
  4. Avoidable areas if distance from entry point is too close to these zones.

No guts, no glory
  • #212
  • Feb 18, 2017 8:38pm Feb 18, 2017 8:38pm
Quoting abokwaik
{quote} Is that a red diamond ?!!! Technical Trading is not an exact science. It's a game of probabilities. So you want more odds on your side. In my view, S/R need not be traded on the first touch, ( or if traded, be with low position size), until they prove respected or broken.
well said.. winning of probability is here the trades....
Success is a Journey Not a Destination....... kind regards ramzam
  • #213
  • Feb 19, 2017 1:22am Feb 19, 2017 1:22am
i have s/r too, this sr on weekly daily H12 H4 H1, i can't change line into rectangle, i like and following this thread, its great abowaik
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 511 KB

Attached File(s)
File Type: mq4 sr_KG_Support_and_Resistance.mq4   6 KB | 3,310 downloads

Attached File(s)
File Type: ex4 sr_KG_Support_and_Resistance.ex4   18 KB | 2,177 downloads
  • #214
  • Mar 12, 2017 4:22pm Mar 12, 2017 4:22pm
I wrote a support & resistance detector in python using extremals of a set of clusters. It gets tickdata automatically from dukascopy and calculates based on the last trading day. If there's anyone using python here, pm me and I'll send you the source.
Attached Image
less than
  • #215
  • Mar 13, 2017 5:23am Mar 13, 2017 5:23am
Hi Folks,

Please see attached. Does anyone know if there is an indy that will be like the Gann one below, but the line switches to above and below price based on the rule of 4 for a trend change?

I manually mark these but wondered if there was a indy that would do this for me? I trade the daily charts naked, and for my trend definition I just ensure that price is making lower lows and lower highs in a downtrend and higher highs and higher lows in an uptrend.

As long as above is in place on daily chart we have a trend. Trend changes (for me) come about when the last high of the downtrend has been violated to the upside or last low of the uptrend has been violated to the downside.

I have looked at ZigZag indy which is near to what I'm after, but in short, could the Gann one be adapted to fit the rules mentioned above?

So, as long as price swinging LL and LH, line stays above price and vice versa for longs (below price until last low swing of uptrend is violated).

Maber uses the 'Rule of 4' for a trend change, in that for a down trend to change there must be:

  1. A price low
  2. A price swing high
  3. a higher swing low
  4. a higher swing high
  5. Once above the HH we have a new trend in place or at least we should trade to the long side
  6. Vice Versa for Short trend change

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-13_1009.png Size: 53 KB
Attached File(s)
File Type: mq4 Gann_Hi-Lo_Activator_SSL (1).mq4   2 KB | 2,203 downloads
Trade less and become more profitable!
  • #216
  • Mar 15, 2017 9:31am Mar 15, 2017 9:31am
i want to ask my doubt ....
https://www.forexfactory.com/showthr...87#post9668687.... i post here ..

are those are same or different
Success is a Journey Not a Destination....... kind regards ramzam
  • #217
  • Mar 19, 2017 12:29pm Mar 19, 2017 12:29pm
Hi abokwaik,

just stumbled upon this thread. Very interesting ideas! Are you still researching on this topic or are you done with s/r?

Greetings
  • #218
  • Mar 28, 2017 12:10pm Mar 28, 2017 12:10pm
Quoting ramzam
this is fibo and supres inidcaotr.... {image} {file} {file}
Hi Ramzam, thank you for sharing this indi, can you please explain more on how to use it, why does some levels will be deleted after the price break it?
Can you point me to the right place on learning the bases of this indi, thanks a lot friend. Many green pips to you.
  • #219
  • Mar 28, 2017 8:16pm Mar 28, 2017 8:16pm
[quote=liquidice;9716796]{quote} Hi Ramzam, thank you for sharing this indi, can you please explain more on how to use it, why does some levels will be deleted after the price break it? Can you point me to the right place on learning the bases of this indi, thanks a lot friend. Many green pips to you.[/quotes

some levels deleted means that sup / res levels are broken. so no use...

as per that fibo.. i place pivot and above pivot do buy trades and below pivot sell trades.... as usual of fibo ratio.. 0.236 and 0.382 are key levels to reverse the trades and 0.618 levl is to accumulate... this much only i know... more to it .. once the price cross 0.618 it will touch /hit /cross 100 percent and 100 touch means 161.8 persent and 161.8 is lead to 261.8 percent .... this much i know i shared
Success is a Journey Not a Destination....... kind regards ramzam
  • #220
  • Mar 29, 2017 3:07am Mar 29, 2017 3:07am
Quoting ramzam
Quoting liquidice
{quote} Hi Ramzam, thank you for sharing this indi, can you please explain more on how to use it, why does some levels will be deleted after the price break it? Can you point me to the right place on learning the bases of this indi, thanks a lot friend. Many green pips to you.[/quotes some levels deleted means that sup / res levels are broken. so no use... as per that fibo.. i place pivot and above pivot do buy trades and below pivot sell trades.... as usual of fibo ratio.. 0.236 and 0.382 are key levels to reverse the trades
...
Thank you for your reply, I see now, so the deleted levels are some sort of weak/insignificant Support/Resistance correct? That;s the reason it's deleted. I agree with the fibo levels, .23, .38, .61, .78 is important for me too .. Thanks for the info friend ...
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