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Decisionbar ( trading system

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Posts: 1 since Dec 2010
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How to calculate Dynamic Support and Resistance?

Does anyone know where I can find an article about this indicator (Dynamic Support and Resistance) or the formula or procedure to calculate it?

That would be much appreciated.

Rayzor View Post
I believe I have found an indicator that is very similar less the bells and whistles (alerts). No disrespect to Big Mikes, home of the best free indicators, but I found the one I am using on Ninja support forum. It is called Dynamic support and resistance and I use the default settings. It's on this page about 2/3 of the way down Links and Downloads Manager - NinjaTrader Support Forum I have used DB's as well in the past, I had good luck, but it was primarily with the breakouts and the breakdowns. I currently use this indicator in conjunction w/ The Wizards Holy Grail II. BTW, like everything else, it will fail to give you anything in choppy, narrow range markets.

BTW, if anyone could add a breakout alert to this (NT7) I would be forever greatful. I would do it myself but I am still battling the Ninja Script/programming learning curve.

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