Horizontal Support and Resistance
I sincerely Ask your help,
Is "Horizontal_Support_Resistance.mq4" Existing ?
An Indicator draws horizontal line base on Two or Three Bar Highs
with the same price level (1 to 2 pips difference is Considered).
It is not necessary the two bars to be sequence, perhaps a
BackBars of 50 more or less is good. Vise versa for 2 to 3 Bar Lows.
I am more convinced that such described indicator is not exixsting,
Therefore, I am seriosly asking your Good Office to help this Indicator
to come true on the Forex world.
Sorry for the English, it's not even my third language.
Hadji Amin Moh. Mira-ato
I don't remember any indicator with exact same name, sorry.
Namy EAs are using Support and Resistance (Barry).mq4 but I don't know remember "Horizontal_Support_Resistance.mq4". We are having so many indicators (threads) drawing horizontal lines in any condition so I may confuse with it as I am not using it. Try to seach "horizontal" here https://www.mql5.com/go?link=https://www.forex-tsd.src/search
Or go to this thread https://www.mql5.com/en/forum/177934 as I collected many links there.
Just a suggestion: when you are writing your email address so use [at] instead of this one @ otherwise you email address will be scanned by spam software very easy and you will get a lot of spam on your email (and probable will need to change your email address soon).
Just use this one [at] instead of this one @.
I see NICE day! Nothing By Chance!
I use sometime this...multitimeframe and plot support and resistance exatly on high and low where you want 4h 1h daily how you set!
Hope is what you search......
Let’s take a look at the methods of different “classical” authors to understand the support/resistance levels.
First, what kinds of supports and resistances are used in technical analysis?
1. A. Elder tells about “HORIZONTAL or almost horizontal line”, passing through several highs (lows).
Here is an illustration from his book, the quality is not too good, but the idea is clear anyway.
2. There are also INCLINED support/resistance levels, i.e. trendlines
A nice little Bubble short trade
70 pips +
Trendline Support Resistance
Thanks Spynamax for your quick reply.
Due to my lack of english understang I find my self hard to explain what I'm really looking for a Support and Resistance.
I find your attached indicator semilar to the one I look for but for some criteria they are not.
Ex:The Support Resistance you attached draws Trendlines from a certain bar peak high or bottom low to unknown point, not to a certain matching peak high or bottom low.
I also noticed on the indicator's code the minimum BackBars is 55.
The one I look is also semilar to Tom Demark Trenline Indicator that draws Lines Slopping UP or Slopping Down. But I look for the one that will draw a Flat Trendline from High-Peak Level to another High-Peak Level (The same price level).
Also semilar or maybe it is the one poste by Derex.
I'll try to attached a chart edited by me...
Thanks to you ND.
I always believe you are the right man who can help everyone here.
Please check my last post and share us your thoughts.
How to calculate a angle of a Trend Line?
I need to calculate a angle ( Sen() ) of a Trend Line!
somebody now how to code this in MT4?
compare the current bar close to a bar in the past. Then divide the two to get a increase or decrease.