HPFZ indicator description: image

Need Best Support and Resistance Indicator

For coders, buffer values as they appear in the data window. image The values are calculated based on D1 time frame and available on every candle on lower time frames. EDIT : fixed labels for E and E1 levels.

Need Best Support and Resistance Indicator

OK then, here is the HPFZ (High Probability Fibonacci Zones) Indicator. Credit to www-fibonaccitrader-com. image EDIT : re-uploaded the indicator after fixing labels for E and E1 levels.

Need Best Support and Resistance Indicator

I'll try to watch the video later, thanks. Buy bottom and top, do you mean Close price , or Low and High ?

Need Best Support and Resistance Indicator

We are in the "Platform Tech" section, trying to emulate the hand-drawing via an indicator that can be used in automated trading.

Need Best Support and Resistance Indicator

my goal here is to develop an indicator based on experience using "fuzzy logic" just like how a human brain works.

Need Best Support and Resistance Indicator

Although I am interested -for the current project- in price memory more than price prediction, I will develop the "HPFZ" indicator.

Need Best Support and Resistance Indicator

I have tested all S/R indicators shared on this thread. The best so far is Andrew Sumner's SupportResistance indicator, but still far from what I am looking for.

Need Best Support and Resistance Indicator

The problem with MAs, is that there are many (10, 20, 50, 100, 200, SMA, EMA, SMMA, LWMA ... etc). What we need is something global, critical and so common.

Need Best Support and Resistance Indicator

Definitely, note that I used the term "zone" not line. Zones I drew on the USDCHF daily chart are 20 - 30 pips wide. And it is OK for the price to penetrate these zones, and rebound. It is safer to trade the "bend" not the "touch".

Need Best Support and Resistance Indicator

Yes. The number of times price "bends" at these zones is an important factor. But I am not interested in repetitive bends in a short time frame. Price should "travel" a considerable distance after the bend. Yes. Price has memory and will continue to ...

Need Best Support and Resistance Indicator

Recent Example : USDCHF Daily image

Need Best Support and Resistance Indicator

Very good and valid point. Ranges are good places to find S/R zones. But not small tiny ranges with low volume. A valid range should contain trendy moves enclosed between it upper and lower edges. These edged after true breakout act as S/R zone most ...

Need Best Support and Resistance Indicator

Great! Nice and colorful chart. But do you think market follows a fixed percentage ? How many other traders see what you see ?

Need Best Support and Resistance Indicator

Exactly ! We know how the indicator does it. What we need to know is how you do it, in simple words.

Need Best Support and Resistance Indicator

I noticed that FF Admin changed the thread title by adding the "Need" prefix. No problem, I can live with that.

Need Best Support and Resistance Indicator

I agree. This is in fact the purpose of this thread. To re-invent a new S/R zones indicator using some fuzzy logic like the human brain does.

Need Best Support and Resistance Indicator

OK, what about this exercise: 1. Open any chart (preferably H4 or higher time frame) , change to Line, max zoom out. 2. manually Draw your S/R zones using rectangle tool (one color). 3. save it as a picture 3. apply your favorite S/R indicator 4. ...

Need Best Support and Resistance Indicator

Thanks for the contributions, I will test the shared indicators. Valid zones as I see them, should: visible using line chart (close price) acted at least 2 times as resistance or support or at least 1 time as resistance and 1 time as support the ...

Need Best Support and Resistance Indicator

For example, I am not looking for this one: image

Need Best Support and Resistance Indicator