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  1. #1
    Rainbow's Avatar
    Rainbow is offline Senior Member
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    2 Attachment(s) For succesful traders the support and resistance is very important. The best availbe indicator to determine support and resistance on charts is "support and resistance (barry)".
    the easy way to draw support and resistance. For best results use bigger time frames like H1 and H4.

  2. #2
    gekkedodo is offline Junior Member
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    Hello
    Is this indicator is for TradeStation? I'm using Multicharts (EasyLanguage compatible) and I don't recognize your MQ4 file.
    Have a good day
    Martin

  3. #3
    gekkedodo is offline Junior Member
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    Hello
    Is this indicator is for TradeStation? I'm using Multicharts (EasyLanguage compatible) and I don't recognize your MQ4 file.
    Have a good day
    Martin

  4. #4
    Rainbow's Avatar
    Rainbow is offline Senior Member
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    this is mt4 indicator ..

  5. #5
    ronniehit's Avatar
    ronniehit is offline Senior Member
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    There are many ideas about support and resistance indicators... depending on the platforms you trade on...
    The ones I like best and use are: APA Zones (dynamic supply and demand zones) on NT, TS, and MT4
    anaPivotZones (support resistance lines) on NT platform

  6. #6
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    Wrong thread, sorry.

  7. #7
    ivianadelacr's Avatar
    ivianadelacr is offline Senior Member
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    1 Attachment(s) Hi Rainbow
    IMO choosing highs & lows are fragile & risky support/resistance Bcoz they are out of range, or in an Xtrm volatility zone (like spikes) ;
    they are tests 2 find a compromise accepted by all... or a possible break out !!!
    Who knows ?
    Who will take care of irrationnality and base their decision on it ?
    ***********************
    But the moment when big hands Xchange there contracts in a range, identified by volumes, is a very interesting zone of support/resistance lines.
    Bcoz When Prices moves with a (good ;=)) signal, contrarian traders + scalpers moves back price to these lines, and they Bcome very secure points of entry in the identified trend.
    Then, last support/resistance lines starts 2 B a secure take profit zone or, if it is a BreakOut, leaving time 2 the trend 2 develop itself until new support/resistance lines appears 2 sold the position.
    aaa http://www./for...1&d=1360406203

  8. #8
    francis10 is offline Junior Member
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    1 Attachment(s) Nice indicator but it's done by TRO too! Only a hundred years ago! TRO coded it to MQ4,TS, Esignal,Multi Charts and so on. http://www./for...umpledone.html

  9. #9
    francis10 is offline Junior Member
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    Seems there is but yet another version here also; http://www./for...uto-plots.html

  10. #10
    ivianadelacr's Avatar
    ivianadelacr is offline Senior Member
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    Hi Johnny
    ThanX 4 the interesting TRO links.
    Why and when a price become 2 B a Support or a Resistance, is that the question ?
    My graph is not based on High & Low Elliott Fibo retracements, even tho it looks like this. Learn How to Apply Fibonacci Retracements to Your Trading | Elliott Wave International
    but rather a full strategy based on identified zones of price/Volume/Time ( POC) Support/Resistance. Volume by Price - ChartSchool - StockCharts.com

  11. #11
    patriciahop's Avatar
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    Thanks for the links aaaaa!

  12. #12
    francis10 is offline Junior Member
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    Thank you ivianadelacr for the links! Good trading to you.

  13. #13
    ivianadelacr's Avatar
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    .................:=)

  14. #14
    sameerd's Avatar
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    Thank you very much for this code

  15. #15
    ivianadelacr's Avatar
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    1 Attachment(s) nota bene Quote: Volume by Price bars prices should be watched as potential support/resistance during a pullback. it is important to understand how Volume by Price works. Current Volume by Price bars should not be used to validate past support or resistance levels because the indicator is based on all the price-volume data shown on the chart. This means six months of data for a chart that extends from January to June. It may appear as Volume by Price identified support in March, but keep in mind that the indicator data extends well beyond March, which is essentially the future. To effectively identify support or resistance in March, the chart needs to end at or before March, not after March !!! For this reason we need to draw FIXED lines at EACH identified POC.
    Then, we will use these identified estimated different sup/res lines in the near future time axis to open a position in an eventual pullback.
    ( secure entries and Take Profit Zone ( reversals ?) on the graph below).
    Watching a moving POC (Point Of Control) in a "Market Profile" in a data playback mode will illustrate well this moving concept.
    aaa http://www./for...1&d=1364638427

  16. #16
    Rainbow's Avatar
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    SR.. There's that newer volatility based S/R. I like swings and Fib clusters.. The best/most reliable is a special case - a lot of you have seen it - where price is moving in a channel (i notice it particularly in bear channels) and price will come up to the resistance BR.. often couples with candles, momentum signals, even cycles. That's probably the best trade, just not terribly frequent.
    Generally... s/r for me is BR s/r. INDICATOR. Ah, right. In the indicator case... i hear market profile is worth looking at?? Maybe getting some order book numbers archived and correlated to prices over time?


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