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Support and resistance indicator
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Created: by Adamus Attachments:15

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Support and resistance indicator

  #31 (permalink)
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trendisyourfriend View Post
What about fading the level on paper. If you lose then just consider it broken.

Seriously, as a rule of thumb if price breaks a level and retest it and make a higher high then it is considered broken.

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OK TIYF, but what constitutes a break? Do you mean a bar with a low above the R is a break, and the retest is a lower low than the low just mentioned? Or a touch or break again of R?

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  #32 (permalink)
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Need a time-zone parameter to define which time-zone the sub-session are defined for. Daylight Savings Time change-overs at different dates can really throw the sub-sessions out of whack.

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  #33 (permalink)
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Adamus, unfortunately I've noticed the new version seems to stop showing some lines when on a tick, range, or other exotic type charts. They show up on the minute charts.

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  #34 (permalink)
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Cloudy View Post
Adamus, unfortunately I've noticed the new version seems to stop showing some lines when on a tick, range, or other exotic type charts. They show up on the minute charts.

Rats. I'll have to do some work then. Did you drop back to the previous version or have you lost it?

I just realized I also messed up the version number - wasted time looking at the wrong version.

Can you be any more specific about which lines disappear? Could it be that the lines just get too thin and so they don't show, or do you think they just don't get plotted? When you next see that a line is missing, could you expand the Y-axis right up to see if it appears? I mean, so you can see tick resolution.

Thanks.

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  #35 (permalink)
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I just remembered I had the first version saved somewhere now that you mentioned it. Ok, I've renamed the new version "PermaCodeSR003b" then I re-imported the old one (it's still named ..SR003 in NT) and the lines are back. (i turned off the 15 and 60 minute ones) and the rest of the settings on default when loaded. I've attached screenshots and the original. The round number lines still plot in the new version but not the others it seems. I also tried stretching the y-axis, but just the round number lines show up. Thanks Adamus.

Attached Thumbnails
Support and resistance indicator-6e_perma4_1.jpg   Support and resistance indicator-6e_perma4_2.jpg  
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Register to download File Type: zip PermaCodeSR001.zip (7.8 KB, 62 views)
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  #36 (permalink)
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Just trying out the stuff with tick charts now.

Have to swap over to IQFeed for tick charts, because IB only gives me minute historical data. I'll post more when I work out the issue.

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Last edited by Adamus; April 24th, 2013 at 06:16 PM.
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  #37 (permalink)
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@Cloudy - a schoolboy error. I fixed it and uploaded the new export - it's now PermaCodeSR003r2 so that it doesn't overwrite the previous version - just in case the fix brings another bug out of the woodwork

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  #38 (permalink)
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Thanks Adamus! Very appreciate of your fine work and generous sharing.

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  #39 (permalink)
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Hi Adamus,

Have you considered this idea of using multiple Donchain channels to identify significant zones on the chart:

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  #40 (permalink)
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trendisyourfriend View Post
Hi Adamus,

Have you considered this idea of using multiple Donchain channels to identify significant zones on the chart:

No to be honest I hadn't but I'm always open to suggestions. Did you paint the zones on the chart based on the lines or is it part of the indicator?

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