How to use Support and Resistance Effectively - page 42

[traktor]

[sjerar]

[turbs]

[renefx]

Double bar High or Low on the same price level

Hay to All,

Anyone has an Indicator that will draw a Horizontal Lines whenever a

Double bar High or Low is formed? or

Any Coder Kind enough to program a Support/Resistance that draws

line on a sequence of double bar. Attaced with an Indicator maybe

semilar to what I am looking for.

This will greatly help a Newbie.

Thank You in Advance,

Rene

[FXMan77]

Hi all,

ND, do we have EA based on Support and Resistance?

Thanks

B.

[Sergey Golubev]

Bongo:
Hi all,

ND, do we have EA based on Support and Resistance?

Thanks

B.

There are few EA based on pivot or fibo pivot for high timeframes but EAs should be improved so ... There is one scalper based on pivot by Igorad but EA should be improved so it was not posted anywhere.

That's all.

Basicly not, we do not have EA based on support/resistance.

[fxitfx]

[Nicholas2001]

sjerar:
try using fibonnaci clusters

Please explain what is this or give please link where to read this. In Trading systems i was tought, there is very seriously used Fibo levels, so I am intrested in what about you are talking to

[renefx]

[sjerar]

Nicholas 2001:
Please explain what is this or give please link where to read this. In Trading systems i was tought, there is very seriously used Fibo levels, so I am intrested in what about you are talking to

A Fibonacci cluster is the level where several retracements from several timeframes come together.