The Elite Circle - irSessionSupportAndResistance
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irSessionSupportAndResistance 5 *
Exported using Ninja Trader 64-bit 7.0.1000.31
This indicator was developed after reading a request on the NinjaTrader Support Forum. [ here]
One of the members was looking for an indicator to show bars that made the high of the session and the low of the session.

I used to mark these by hand [drawing a rectange or lines] usually on a longer term chart, [a 15 minute for eg.]
The indicator plots the open of the "up-close" bar that makes the high of the session, it also plots the open of the "down-close" bar that makes the low of the session.

I find it helpful for delineating Supply and Demand and for a clue as to when I should change my bias from "leaning long" to "leaning short" and vice versa.

***Note*** Here is a link to a more detailed description of how I use this indicator.

Thanks to a friend for his help getting this to work.

Trade well, TGN

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Details: irSessionSupportAndResistance
Category: The Elite Circle 

April 19th, 2016
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Keywords: supply/demand support/resistance


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