The best last three possible support and resistance levels on a chart
1. Determine the primary trend using Simple Moving Average (SMA):
a. Calculate a 50-day SMA for the price data.
b. Calculate a 200-day SMA for the price data.
c. If the 50-day SMA is above the 200-day SMA, set the primary trend as bullish.
d. If the 50-day SMA is below the 200-day SMA, set the primary trend as bearish.
2. Identify swing highs and lows using the ZigZag indicator:
a. Apply the ZigZag indicator to the price data with a deviation setting of 5%.
b. Store the swing high and low points identified by the ZigZag indicator as potential support and resistance levels.
3. Apply Fibonacci retracement levels:
a. Calculate Fibonacci retracement levels (38.2%, 50%, and 61.8%) between the most recent significant high and low points identified by the ZigZag indicator.
b. Add these levels to the list of potential support and resistance levels.
4. Analyze horizontal price levels using a Support/Resistance indicator:
a. Apply a Support/Resistance indicator to the price data (e.g., Pivot Points or Horizontal Lines).
b. Identify significant horizontal price levels that have acted as support or resistance in the past.
c. Add these levels to the list of potential support and resistance levels.
5. Apply the Relative Strength Index (RSI) indicator:
a. Calculate the 14-day RSI for the price data.
b. Use the RSI levels of 30 (oversold) and 70 (overbought) as additional confluence factors for support and resistance levels.
6. Check for confluence:
a. For each potential support and resistance level, determine if it has multiple technical indicators and price action analysis converging at that level.
b. Assign a score to each level based on the number of confluence factors present (e.g., Fibonacci levels, horizontal price levels, and RSI levels).
7. Rank the levels:
a. Sort the list of potential support and resistance levels based on their assigned scores, with the highest scores representing the most significant levels.
8. Select the best three levels:
a. Extract the top three support levels and the top three resistance levels from the ranked list.
b. Return these levels as the best last three possible support and resistance levels on the chart.
Similar orders
Dear developers. We seek experienced developer in PHP, MySQL, JavaScript. we want to publish custom chart and CSV to our website Homepage. Our MQL5 Script contains custom layout we seek to publish on the website. we are looking for experienced developer in the field of website engineer. we want to broadcast our custom pairs in our website, as outlined in our MQL5 Script. we need React developers
I need a bot that can trade weltrade synthetic indices that can be consistently making profits if you have one for deriv its also fine a bot that executes and closes trades automat Will be ideal
MT5 Expert Advisor Specification: Asian Liquidity Sweep & M5 FVG Entry Project Overview Automated Expert Advisor for EUR/USD on MT5. The strategy maps structural liquidity (Fractal Swings) for entry triggers but targets absolute session extremes for Take Profit. It enters on the first opposite M5 Fair Value Gap (FVG) and features a dynamic, user-controlled risk engine. 1. Timezone & News Filter Requirements The
I am looking for an experienced MQL4/MQL5 developer to build a custom MT4 indicator from scratch or cracking my ex4 file that i provide to you. I already have an existing indicator (EX4) which produces highly accurate buy/sell signals. I want a similar indicator developed based on its observable behavior and signal structure. my existing indicator is pc id protected so you have to do PC ID security bypass and source
Intraday Trade Ninja EA — Complete Logic Structure This document maps the full architecture, execution logic, signal flow, trade management, and safety structure of the Intraday Trade Ninja MT4 Expert Advisor. 1. Core Indicators · ©Price Border (TMA bands) · MA-X Arrows · MA-Y Arrows · LeManSignal · EMA 49 & 89 - Per Candle Color Switching 2. EA Entry Architecture ·
📌 Project Overview: I need a full Smart Trade Management System for MetaTrader 4/5. This is a complete trading ecosystem, not a simple EA. 📌 Core Features: Smart Money Management (risk-based lot calculation) Advanced Trading Toolbox (TradingView-style drawing tools) Central Master Dashboard (risk, filters, account control) Multi-account monitoring (MT4/MT5 synchronization) Real-time monitoring (spread, equity
Hello, i would like to have a ninjatrader indicator. I wanna to have a footprint indicator with delta, imbalances and big trades identifiable. Also I wanna sell it on whop. And it should be fully customisable in NT8
I need a professional MQL5 developer. BEFORE I SHARE ANY DETAILS: 1. You must sign a PERPETUAL NDA with no expiration date 2. NDA includes €100,000 penalty for any breach 3. I require full .mq5 source code ownership 4. Developer must have 500+ completed jobs, 4.9+ rating Budget: €1500 EUR Duration: 14 days Start your application with "RULER" to prove you read this
Mam kody EA Bot. Chciałbym je dokończyć, dopracować i ukończyć projekty. Chciałbym otrzymać pliki SET po ukończeniu EA. Jeśli jesteś zainteresowany, skontaktuj się ze mną. Szukam doświadczonego programisty do stworzenia dedykowanego doradcy eksperckiego (EA) do tradingu. Programista powinien posiadać solidną wiedzę z zakresu MT5, logiki strategii, wskaźników, zarządzania ryzykiem i backtestingu. Doświadczenie w
I am looking for an experienced MQL5 developer to create a custom technical indicator for MetaTrader 5. The indicator should combine Supertrend logic with Support/Resistance pullback levels to generate high-probability entry signals. 1. Core Logic The indicator must follow a two-step confirmation process: Trend Identification: Use the Supertrend indicator to determine the primary trend. Entry Signal (The
All orders
Rules