The best last three possible support and resistance levels on a chart
1. Determine the primary trend using Simple Moving Average (SMA):
a. Calculate a 50-day SMA for the price data.
b. Calculate a 200-day SMA for the price data.
c. If the 50-day SMA is above the 200-day SMA, set the primary trend as bullish.
d. If the 50-day SMA is below the 200-day SMA, set the primary trend as bearish.
2. Identify swing highs and lows using the ZigZag indicator:
a. Apply the ZigZag indicator to the price data with a deviation setting of 5%.
b. Store the swing high and low points identified by the ZigZag indicator as potential support and resistance levels.
3. Apply Fibonacci retracement levels:
a. Calculate Fibonacci retracement levels (38.2%, 50%, and 61.8%) between the most recent significant high and low points identified by the ZigZag indicator.
b. Add these levels to the list of potential support and resistance levels.
4. Analyze horizontal price levels using a Support/Resistance indicator:
a. Apply a Support/Resistance indicator to the price data (e.g., Pivot Points or Horizontal Lines).
b. Identify significant horizontal price levels that have acted as support or resistance in the past.
c. Add these levels to the list of potential support and resistance levels.
5. Apply the Relative Strength Index (RSI) indicator:
a. Calculate the 14-day RSI for the price data.
b. Use the RSI levels of 30 (oversold) and 70 (overbought) as additional confluence factors for support and resistance levels.
6. Check for confluence:
a. For each potential support and resistance level, determine if it has multiple technical indicators and price action analysis converging at that level.
b. Assign a score to each level based on the number of confluence factors present (e.g., Fibonacci levels, horizontal price levels, and RSI levels).
7. Rank the levels:
a. Sort the list of potential support and resistance levels based on their assigned scores, with the highest scores representing the most significant levels.
8. Select the best three levels:
a. Extract the top three support levels and the top three resistance levels from the ranked list.
b. Return these levels as the best last three possible support and resistance levels on the chart.
Solicitudes similares
take your time better make it for days and have good bot than never benefits both of us. Make the bot have zero errors and backtest it for a 2 year period
I buy EA for USDEUR or XAUUSD for FTMO with proven backtest. Send me images with backtest reports where daily max dd is 1% on 200k account. I can buy several eas if you have them with proofs. Need images of backtesting for 5 years
I am looking for a professional and market-savvy MQL developer to build a disciplined, stable Scalping Expert Advisor (EA). The ideal developer must have a solid understanding of Trend Identification, Fibonacci Levels, and Technical Indicators , alongside strict risk management implementation. Key Focus Areas & Developer Requirements: Market & Analysis Expertise: ⚬ Deep understanding of Trend direction (Market
I need an expert Ninjatrader8 developer that can build this indicator. Can you build indicator like this? Ather https://share.google/HaxK5snnOWFR08ghd If you know you can do this send me message or bid to my proposal
i need someone that can make me an EA really easy with the martingala system?, I am looking for something that doesn't exceed 5 trades for the martingale, I think I did it, but it only works for propfirms, So i need to develop it on ninja trader I have identified a very very simple strategy but it only works on propfirms, with only two propfirm accounts, i absolutely need account A and account, And they have to open
Access and confidentiality restrictions: You will receive only a separately named copy of the Commander . Existing trading EAs, presets, account credentials, Telegram credentials and proprietary entry/exit code will not be shared. The Commander intelligence must be developed using: Defined signal/input interfaces Anonymized historical logs and replay data Mock EA signals and test harnesses Documented authority and
We are looking for an expert algorithmic trading developer to build a high-performance, fully automated Custom Expert Advisor (EA) or trading bot. The bot must integrate advanced Smart Money Concepts (SMC) , Inner Circle Trader (ICT) methodologies, and Volume Spread Analysis (VSA) with a high-frequency trading (HFT) style execution and scaling model. The core objective is to program a bot that identifies
Automatic buy and sell entries. stoploss (sl) take profit (tp) risk management and adjustable lot size. Adjustable risk percentage per trade. Trailing stop maximum number of open trades. Trading hours filter. Ability to backtest and optimize the strategy. Easy to use settings. The EA should work reliably on mt5 and provide the source code. I want the developer to test the EA and provide backtest results before
Develop an Expert Advisor for MetaTrader 5 that manages existing positions. Features Automatically detect all open positions. Apply Break-Even after price reaches a configurable profit. Partial Close: Close X% of volume at the first target. Move Stop Loss to Break-Even. ATR Trailing Stop (optional). Magic Number filter. Comment filter. Symbol filter. Trading session filter. Retry mechanism for trade operations
I have a fast execution ea that need a little touch, it trade on gold and my problem is about the risk ratio the tp is 3pip and stop loss 20 but i cannot get it right to make the average win larger and average loss lower. I would like to know if i can get help to get it right without touching the tragedy and the trade frequency. Those two pictures I attached is the example of what my bot actually do like i explained
Todos los encargos
Reglas