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PermaCode Support and Resistance Lines, v003

This shows support and resistance lines including:

- swing highs and swing lows based on a swing defined as a bar with two bars to the left and two bars to the right which are all lower for a swing high (and vice-versa for a swing low)

- round numbers, e.g. 1.3500 in the EUR/USD. User-defined

- 2 sub-sessions/mini-sessions intra-day highs and lows, user-defined start & end times.

The lines are actually rectangles and I intend to add a function which will cause two close adjacent S/R lines to become just one zone.

I try to make the user-defined parameters self-explanatory from the description in the NT7 indicator set-up dialog underneath the parameter settings listing.

To discuss this indie and to offer advice or suggestions or ask what's what, please use this thread

Changelog:
2013-03-13: I just updated version 003 with some bug fixes
2013-04-24: another bug fix - version 003 r2 (because I have a version 4 already)

Last, a word of warning: I occasionally get mail from people asking what's gone wrong with the indicator because x, y or z is (or isn't) happening. This indicator has got pretty complicated and like I just said to someone just now, I'd need a full scale support operation to be able to help. All I can advise in this situation is to ditch the indicator off your chart and try reloading it. Sounds a bit like Microsoft Support, I know

Category The Elite Circle

Details: PermaCode Support and Resistance Lines, v003
Category: The Elite Circle

March 13th, 2013
Size: 8.68 KB

Comments/ratings

Abde February 15th, 2013 10:51 AM

Thanks for this. Will try it out with a higher TF applied.

bnichols March 6th, 2013 12:22 PM

No Comment

1973Hog March 8th, 2013 09:21 AM

Thanks. Looking forward to putting it thru its paces.

Cloudy March 11th, 2013 06:46 AM

Thanks Adamus! Looking forward to trying it out.

Rachel April 6th, 2013 10:44 AM

Thank you for this indicator. I have been wanting something that would draw major support and resistance lines. Set it to 240m and it is Great. Thank you.

westsider November 30th, 2013 11:58 AM

Really Nice Work!

Magiklair March 9th, 2015 01:25 AM

Looks like a nice indicator. We'll put it to the test.. Thanks mate