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Indicadores

Automatic Parabolic Support and Resistance Levels Indicator - indicador para MetaTrader 4

Visualizaciones:
51546
Ranking:
(8)
Publicado:
2010.12.13 08:58
Actualizado:
2014.04.21 14:55
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This indi will draw the levels and then delete if older than your selected bars. The turn is calculated on above/below opens not closes as that seems to get most of the turns and this makes it slightly different than just the dots from a programing point of view.

I prepared a video to show it in use with Bollinger bands as this seemed to illustrate how the indi worked quite well. You can have a look if you like here>>. Parabolic S&R Levels Video.

Very basically the more previous crosses in bars past that are close together show the strength of the resistance/support level. I have noticed that price tends to want to break

into clear ground which is easy to see as clear chart area.


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A support and resistance indicator to assist in setting stop losses and take profits with any strategy.

AggM AggM

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