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Indicators: SR_Cloud

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Automated-Trading
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Automated-Trading 2014.07.08 12:39 

SR_Cloud:

The indicator utilizes the idea of adding to a bar open time the value equal to the average minimum swing from the open price for a few days or weeks, and the standard deviation from the average swing multiplied by a coefficient to determine the possible resistance level.

Figure 1. The SR_Cloud indicator

Author: Nikolay Kositsin

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