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Is there a simple support/resistance indicator that draws the lines only on newly
created support/resistance?
All of the indicators i ran into until now are drawing too many lines including
on recent days etc.
I need this indicator for a simple strategy that has a dynamic/smart trailing stop
that goes under each newly created support as the stock moves higher
so an indicator that draws lines all over the chart wouldn't work for me.
Any ideas?
Can you help answer these questions from other members on NexusFi?
Exported using NT Version 7.0.1000.11
This is a new implementation of the TradeStation SuperTrend indicator for NinjaTrader 7. The SuperTrend indicator is an application of the concept of MAE (maximum adverse excursion), which was introduced by John …
Exported using NT Version 7.0.1000.12
This is a new implementation of the chandelier stop developed by Charles LeBeau. For a long trade the chandelier stop is calculated by subtracting a multiple of the average true range over the last N bars from …
Thanks, I checked the links but it looks much more complex for my needs
Is there a way for simplifying these strategy to just stick the line to each newly
created support line?
