hello , a difficult question about graphics processing

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my question is as follows:

I need a program to make order for the past 60 bars in the case that it analysis the resistance area and the support area, not the sell at highest price and buy at the lowest price .

And then, by the analysis, the program can make an order when the price make a valid breakthrough .

so the program must have the ability to analysis all the case .

I have been perplexed by the question for long time, so please someone give some advice

thanks in advance .

 

FulingQ

Change the problem!

Use an indicator to define the S&R bands, then enter outside the bands.

See this excellent work 'SHI Channel true'


IMHO

S&R will not always be defined by 60 bars, and... any breakout should be supported by confirmation of other indicators and/or 'speed of break', decent pip gap etc as otherwise, the market movers will mallet your trade turning it into a false breakout :(


PS - Some pairs band much better than others :)

My 2c worth

-BB-

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