ATR Based Support and Resistance Lines image @GoldTheHun : Kindly Check is this is true. I noticed that 5Min ATR value (7 in your example) is missed from the formula, so I added it in my calculations. formula used for daily support 1 is =DailyOpen ...

Need Best Support and Resistance Indicator

Significant Price Points with Multiple Time Frame Support (also fixed bugs of previous version) image

Need Best Support and Resistance Indicator

Quickly translated version

Trending is one way to trade... Consolidation is another

Thanks.

Need Best Support and Resistance Indicator

... default settings ... image image image

Need Best Support and Resistance Indicator

Let's put this method into an indicator and see how it goes.

Need Best Support and Resistance Indicator

This is my first try using Nicholishen's idea ... Significant Price Points image image image

Need Best Support and Resistance Indicator

OK Nicholishen, you got my attention. I will try to code your idea.

Need Best Support and Resistance Indicator

Do these make any sense ? H1 TF image image image image image

Need Best Support and Resistance Indicator

It\s useless, it only draws rectangles at "input" prices.

Need Best Support and Resistance Indicator

No I don't. I am checking it now, looks interesting. Thanks for the heads up.

SketchBook - Sharing ideas on trading systems

Thanks for your input ... The method you described looks more robotic than human ... it would be too difficult (for my brain) to count/add/subtract the touches at each price point ... Are you sure you are a human Well, one "human" way I ...

Need Best Support and Resistance Indicator

OK here is my wish list: Zones not Lines : Trading is an Art more than a Science. Some fuzzy logic would be useful. Zone size <= ATR of traded time frame Not too many visible zones on the chart: Number of zones will depend on the chart zoom level. ...

Need Best Support and Resistance Indicator

It's a sketch book ... You can share whatever you want ... It could be useful to someone ... Coding is not guaranteed ....

SketchBook - Sharing ideas on trading systems

I don't think so : It only shows recent zones zones are too wide

Need Best Support and Resistance Indicator

Dear zalimfx, The EA you posted was illegally "Decompiled". Scalping is very risky, think higher time frames with low risk and wide stops.

Robot Lab Project

True. I am still working on an indicator ... The one I coded was based on a request from multiple members ... and this was my comment to them :

Need Best Support and Resistance Indicator

Done . image

Need Best Support and Resistance Indicator

Try this code : for(i=limit; i>=0; i--) { int x=iBarShift(FXPair2, 0, iTime(FXPair1,0,i),true); if(x>=0) SDCDBuffer[i] = iClose(FXPair1,0, x); else SDCDBuffer[i]=0;//or EMPTY_VALUE }

SketchBook - Sharing ideas on trading systems

OK, I think you should replace the Time[i] function to iTime(FXPair2,0,i) SDCDBuffer[i] = iClose(FXPair1, NULL, iBarShift(FXPair2, 0, iTime(FXPair2,0,i), false));

SketchBook - Sharing ideas on trading systems