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KFX Support and Resistance modified

The indicator will help you find support and resistance levels, increase the number of confirmations for stronger levels.

This is not a multi-timeframe indicator that refers to the information from other timeframes.

But it allows to show strong levels of support and resistance where the price respects a mark two or more times.

How to trade:

  • For smaller timeframes up to M30 I recommend at least 3 confirmations. This filters stronger levels with subsequent strong movements.
  • For larger timeframes of H1 I recommend 2 confirmations. In these timeframes, subsequent strong movements are often seen after 2 confirmations.


Parameters

  • range - range is a lookback window, number of bars. within those 10 bars must be at least 3 with low below the level, high above the level and close below the level.
  • confirmations - number of confirmations
  • res line color - adjustable color for the resistance line
  • sup line color - adjustable colcor for the support line
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Indicators
This is a simple indicator to show if global and local trend directions are the same. It uses two timeframes, a "local" timeframe and a higher order "global" timeframe. The indicator shows price action only and has no lag. It generates a square wave (green line), the output signal is above zero if the price tendency is bullish upward, and below zero for bearish downward tendency. The red line shows the tendency of a higher order timeframe (the global tendency). The idea is to trade long when pri
KFX HTF pattern
Marcel Kirchhof
Indicators
The KFX High and Tight Flag pattern Indicator is part of the KFX Pattern manual Expert Advisor. The indicator shows the entry level (breakout) with the profit target and the stop loss. The strategy is based on Thomas Bulkowski's book, Encyclopedia of Chart Patterns second edition. High and tight Flags are the best performing Chart Pattern in both Bull and Bear markets. They are perfect pattern for trend following. Suitable for every Currency pair, Options, Commodities, Stocks, Indicies and Timef
KFX Bulls and Bears
Marcel Kirchhof
5 (1)
Indicators
The KFX Bulls and Bears indicator consolidates the Bulls and Bears Power sample indicators in one indicator. This indicator is a modification of a known Bulls/Bears power indicator by Elder. It measures distance between extreme price and moving averages. Parameters Source - choose between Close, Open, High, Low, Median, Typical or Weighted Price. Periods - period for calculating the moving averages. MA Type - Select between Simple, Exponential, Smoothed or Linear Weighted. Verbose - Allows the
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