NexusFi: Find Your Edge


Home Menu

 





Support and resistance indicator


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Adamus with 33 posts (32 thanks)
    2. looks_two bgeorge with 9 posts (1 thanks)
    3. looks_3 Cloudy with 6 posts (3 thanks)
    4. looks_4 Abde with 5 posts (2 thanks)
      Best Posters
    1. looks_one trendisyourfriend with 1.7 thanks per post
    2. looks_two Adamus with 1 thanks per post
    3. looks_3 Cloudy with 0.5 thanks per post
    4. looks_4 Abde with 0.4 thanks per post
    1. trending_up 31,206 views
    2. thumb_up 47 thanks given
    3. group 17 followers
    1. forum 63 posts
    2. attach_file 15 attachments




 
Search this Thread

Support and resistance indicator

  #31 (permalink)
 
Adamus's Avatar
 Adamus 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789


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.


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?

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Are there any eval firms that allow you to sink to your …
Traders Hideout
Futures True Range Report
The Elite Circle
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #32 (permalink)
 
Adamus's Avatar
 Adamus 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789

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.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #33 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,124 since Jul 2011
Thanks Given: 2,396
Thanks Received: 1,748


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.

Visit my NexusFi Trade Journal Reply With Quote
  #34 (permalink)
 
Adamus's Avatar
 Adamus 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789


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.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #35 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,124 since Jul 2011
Thanks Given: 2,396
Thanks Received: 1,748

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
Click image for larger version

Name:	6e_perma4_1.JPG
Views:	442
Size:	163.9 KB
ID:	109965   Click image for larger version

Name:	6e_perma4_2.JPG
Views:	359
Size:	223.9 KB
ID:	109966  
Attached Files
Elite Membership required to download: PermaCodeSR001.zip
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #36 (permalink)
 
Adamus's Avatar
 Adamus 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789

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.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #37 (permalink)
 
Adamus's Avatar
 Adamus 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789

@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

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #38 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,124 since Jul 2011
Thanks Given: 2,396
Thanks Received: 1,748

Thanks Adamus! Very appreciate of your fine work and generous sharing.

Visit my NexusFi Trade Journal Reply With Quote
  #39 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018

Hi Adamus,

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


Reply With Quote
Thanked by:
  #40 (permalink)
 
Adamus's Avatar
 Adamus 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789



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?

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on May 3, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts