Level Trading - page 4

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Triple Bottoms

Triple Bottoms. Go LONG on the 3rd bottom.

 

Triple Tops

Triple Tops. SHORT on the 3rd top.

6 simple patterns and that's all folks.

 

Diagonal trading

Now if you trade diagonally, it's about the same. 6 simple patterns.

 

Support becomes Resistance

Good example of Support becomes Resistance.

 

Triple Tops & Bottoms

Triple Tops and Triple Bottoms.

 

Resistance becomes Support

Good example of Resistance becomes Support.

That's it folks. 6 simple patterns to trade diagonally. After a few months, you'll get used to these patterns and you can spot them easily.

1. Double Tops: SHORT on the 2nd top

2. Triple Tops: SHORT on the 3rd top

3. Double Bottoms: LONG on the 2nd bottom

4. Triple Bottoms: LONG on the 3rd bottom

5. Support becomes Resistance: SHORT

6. Resistance becomes Support: LONG

 

Indicator settings

Forgot to show you guys on how to set up the lines to display horizontally.

extern int IndicatorNumber=1;

extern color TrendUpColor=LightGray;

extern color TrendDownColor=LightGray;

extern color LevelColor=DarkGray;

extern int Width2LevelConfirmation=3;

extern int Width3LevelConfirmation=3;

extern int Width4LevelConfirmation=3;

extern int Width5LevelConfirmation=3;

extern bool SnapExtremumsToLevelOnChar=True;

extern int FractalBarsOnEachSide=1;

extern int ProceedMaxHistoryBars=2000;

extern int LevelActuality=200;

extern bool RestDefaultTimeframeValues=False;

extern int ExtremumToLevelMaxGap=5;

extern double PriceDeltaFor1Bar=0.0;

 

thanls for the info

thanks for the charts and explaination it is a good effort

but the blue and red dots

are very laged

they appear after quite some time and the moves will be ended

so may be in higher frame it can guide the direction

is there a way to nake it faster ?

i relay lost over 25,000 usd and tried many things and it sems nothing works

every thing is laged cause it is just followa the price

 

These zig zag always repaint.

 
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