Need Best Support and Resistance Indicator - Page 2
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Thread: Need Best Support and Resistance Indicator

  1. #11
    91057Lines comparative to multi and time time frame.

  2. #12
    The time is moving average. Because the moving average amount the normal price and l thinks is relative to induce.

  3. #13
    91057
    Quote Originally Posted by ;
    quote Personally, I don't like fixed amounts such as jelqing or fibos because many occasions S/R amounts are in different location and they take a single price point, not an area
    Quote Originally Posted by ;
    Support and resistance. Not vertical lines and horizontal lines! .
    Definitely, notice that I used the term zone not line.
    Zones I drew on the USDCHF daily chart are 20 - 30 pips broad.
    Plus it is OK for its price to penetrate these zones, and rebound.
    It is safer to exchange the bend not the touch.

  4. #14
    91057
    Quote Originally Posted by ;
    For the time likely is moving average. Because the moving average measure the price and l thinks is comparative to force.
    The issue with MAs, is that there are many (10, 20, 50, 100, 200, SMA, EMA, SMMA, LWMA... etc).
    What we need is something international, critical and so prevalent.

  5. #15
    91057
    Quote Originally Posted by ;
    quote quote Certainly, note that I used the expression zone not line. Zones I drew on the USDCHF daily chart are 20 - 30 pips wide. And it's OK for the price to penetrate these zones, and rebound. It's safer to trade the bend not just the touch.
    Your picture is apparent. No problem. I replied OAPDave about fibos or usage pivots. That strategy intermediate amounts haven't connection with S/R amounts or consolidation areas because are relative to 2 points. You'll have more one S/R inside a fibo or pivot size of Those

  6. #16
    91057The moving average may be critical. (I feel the moving average are located in force necessary about how to price goes ) I think I don't understand exactly what you attempt to imply by something global.

  7. #17
    910571 Structure (s)
    Quote Originally Posted by ;
    quote The problem with MAs, is that there are lots of (10, 20, 50, 100, 200, SMA, EMA, SMMA, LWMA... etc). What we need is something crucial, international and prevalent.
    288 and 1440. EMA.

    1440, number of moments in a day.
    1440x M5, number of M5 candles per week.
    288x M5, number of M5 candles in a day.


    Backtest for Shitz n Gigglez.
    Default - M1 - Triggering dynamic by price motion and time.
    (a work in progress)


    https://forexintuitive.com/attachmen...1650724771.ex4

  8. #18
    91057The multiple moving average likely is the way for measure the price. Try using multiple moving average.

  9. #19
    91057
    Quote Originally Posted by ;
    quote 288 and 1440. EMA. 1440. 1440x M5, amount of M5 candles per week. 288x M5, amount of M5 candles in a day. Backtest for Shitz n Gigglez. Default - M1 - Triggering dynamic by price movement and time. (a work in progress) file
    I believe l cannot fulfill your indior.

  10. #20
    91057
    Quote Originally Posted by ;
    quote I think l can't fulfill your indior.
    Because it's not an indior. It's an EA.


    Put in MQLgt;Pros Folder.

    Refresh.

    Run BACKTEST on M1 Time Period.

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