Support and Resistance - page 2

[Rafael Grecco]

Support and Resistance can be very different for many people.

1. Traditional manually placed horizontal lines using several different timeframes.

2. Moving Average using period 100 or 200 are used by a lot of people. These indicator can act as support and resistance

3. Bolling Bands can also be used, as Pedro Pacheco said.

4. Also, there are many indicators that draw support and resistance.

I have tried all methods for a long time, I even coded several EAs to draw and use S/R.

In the end, my best results have always been using manual support and resistance horizontal lines, where I put my pending orders.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Resistance and Support Verification

Sergey Golubev, 2018.03.06 07:01

The Articles

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1. Automatic construction of support and resistance lines 
   
   
2. Identifying Trade Setups by Support, Resistance and Price Action 
   
   
3. A Method of Drawing the Support/Resistance Levels 
   
   
4. An example of an indicator drawing Support and Resistance lines 
   
   
5. Displaying of Support/Resistance Levels 
   
   
6. Drawing Resistance and Support Levels Using MQL5 
   
   
7. Indicator for Constructing a Three Line Break Chart

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Correlation system

Sergey Golubev, 2018.05.30 15:57

One chart explaining positive correlation between EUR/USD, AUD/USD and XAU/USD (I am using the following indicator from CodeBase: MFCS Currency Correlation Chart) -