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automated support and resistance

C

christiaan

hello guys

I have always struggled with drawing the correct support and resistance.Pretty dumb ha?However at long last i found a real indicator to do this for me attached to the chart.

I've read the manual posted under decision bar and i must say it really opened my eyes.Suddenly the market were not as random anymore.This support and resistance indicator is pretty awesome and like the other recommends a draw horizontal lines and previos support and resistance.it something you should look out for.On this chart a drew a pink line at prevois resistance and that's where the market stalled.

Will it break resistance i don't know but this indicator is making my life a hell of lot easier and i've been searching for something like this for months.Always for intresed sake is also have my ranging trending indicator that is posted under corona indicators.

My advice read if you are slightly new like me read the decision bar manual and see attached indicator.

thanks
 

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  • logical.jpg
    logical.jpg
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C

christiaan

it is posted under decision bar but here it is again.
 

Attachments

  • DynamicRS.mq4
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H

hermes

I also find S/R tricky! The Pivots S/R are not that accurate. Best to draw lines and trend lines on your own but sometimes traffic jam! Fibs are not accurate either because many use it and specialists pray on Fibs chasers!
I will try yours, thanks
Hermes
 
C

christiaan

hello hermes.I might suggest that you download this manaul.I don't know how much experience you have but i think you will find great benefit in it as did i.For me it was utterly fasinating.It's only 77 pages and i think it is a must read.

I will get the rest of decision bar indicators in a couple of weeks.You should know that this manaul is really old if you want to see how the real modern system looks like go to decisionbar.com.Make time to read this.
 

Attachments

  • Decision Bar Trading31.pdf
    730.3 KB · Views: 7

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