zapisy

You need to have a data feed in order to get 1 min change - probably... Often, extremes in Average True Range are associated with a change in character of a market, from trending to trading range and vice versa. ATR may be used for money management, breakouts etc.

You are very welcome

Let me know if this is what you are looking for. Lukas ATR R.ELD

To find SR you can use something like this: vars: Support (0), Resistance (0); Resistance = highest(H,Length)[1]; Support = lowest(l,Length)[1]; if Resistance<>Resistance[1] then Resistance = highest(h,Length)[1]; if Resistance=Resistance[1] then Resistance = Resistance[1]; If Support<>Support[1] then Support = lowest(l,Length)[1]; if Support=Support[1] then Support = Support[1];

Tto find support and resistance, you can use someting like that: vars: Support (0), Resistance (0); Resistance = highest(H,Length)[1]; Support = lowest(l,Length)[1]; if Resistance<>Resistance[1] then Resistance = highest(h,Length)[1]; if Resistance=Resistance[1] then Resistance = Resistance[1]; If Support<>Support[1] then Support = lowest(l,Length)[1]; if Support=Support[1] then Support = Support[1];

You can use the support and resistance as first exit. Second exit you can make by taking w. average range for 100 days and multiple it by 1.5 or something like that if the stop is too small, and profit target multiply by 5. This way, the stop and profit will adopt to the changing market.

Any optimization is a curve fitting, if is done without forward testing. Never base your profit target on fixed amount, because the bars range change every day, every month and every year - they are different in size. By optimizing, you are trying to find best values, but those values may be on the edge of the bars, so simply speaking, is better to be out, than miss big profits, when last bar range were big enough to take $1500 instead of $500. You can add a condition, that if the possible profit factor is less than your stop * 2, then do not take the trade. Luk