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Supports and Resistances

5

Supports & Resistances is an indicator that draws and reads automatically support and resistance levels like trendlines and fibonacci retracements to identify the most likely areas where the market will bounce. It mainly generates several horizontal and diagonal lines based on past highs and lows.

The strenght: Reading on the code the supports and resistances areas permits to use the indicator in the Expert Advisor.

The risk: Too many drawn lines on chart could confuse the manual trader but it is possible to choose what lines to draw and what not..

The performance: The multiple types of supports and resistances, calculated on the current timeframe on higher ones, let traders know with high probabilities which are the best price support and resistances areas.

If you want more information, pls visit: BacktestMarket








Reviews 1
Molfie
622
Molfie 2019.06.27 16:02 
 

By far the best product I’ve ever used.

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Andrea Ferrari
Indicators
Ross Hook is a price pattern indicator that help traders to forecast market inversions. The activation of the pattern could identify turning points by finding the breakout SR levels or technical analysis figures like triangles, rectangles or head and shoulder. The Indicator runs in  all Brokers  using  Metatrader 4  platform and can be used in an Expert Advisor or as a support of manual trading. This indicator is composed by the OnChart and OnWindow parts: OnChart : Draws the points 1, 2 and 3 t
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Molfie
622
Molfie 2019.06.27 16:02 
 

By far the best product I’ve ever used.

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