Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

slableak

Support & Resistence Indicator

Recommended Posts

David

 

I think you'll need to be a bit more specific in your requirements, for example........ blue line above price, which price? ................ What platform?.....................

 

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

Slab, This is usually a swinghighbar, swinglowbar level plots. You can find more answers by searching this (eg. "swing high low") and the TS forum for the indicator you seek.

 

For example, the following was contributed by John Mc. on the TS forum.

plot a line (or a series of points) at the swing high price and the swing low price until the next swing high and swing low happens and then start plotting from that price at where it happened

 

attachment.php?attachmentid=6917&stc=1&d=1212630323

20080602231659SWINGHILO.ELD

20080602231725Swing.gif.1fdbd515d93076ca1b7930b985a35c57.gif

Share this post


Link to post
Share on other sites

Hi,

 

is there a Support & Resistance Indicator around for TS that allows to draw the major S/R lines to be taken out from different timeframes on a specify chart, lets says show the S/R lines of 5min, 15min, 60min and 240min all together on a 1min chart?

 

Any code for this available?

 

Many thanks,

 

Goody

Share this post


Link to post
Share on other sites
Hi,

 

is there a Support & Resistance Indicator around for TS that allows to draw the major S/R lines to be taken out from different timeframes on a specify chart, lets says show the S/R lines of 5min, 15min, 60min and 240min all together on a 1min chart?

 

Any code for this available?

 

Many thanks,

 

Goody

 

You could apply the indicator several times with a different swing length parameter. So for example to get hourly swings on a 1 min try a parameter of say 180 for swing length.

Share this post


Link to post
Share on other sites

Hi Blowfish,

 

thank you for the recommendation.

Not sure if that will work and what length to be taken to get the corresponding timeframes. Why 180 for 60 min on 1min chart?

 

I am looking for a way to plot horizontal lines like for floor pivots to show the different highs and lows. Here you only get a couple of plots and then they are lost when chart moves on to the left, but the levels still exists and may have a relevance in the near future as they are not taken out so far.

 

Thx,

 

Goody

Share this post


Link to post
Share on other sites

I think you mean market structure pivots? Floor pivots are something different. This thread is about the former from what I can tell.

 

a 180 bar highest high on a 1 minute chart is similar (but not the same) as a 3 bar high on an hourly chart. Depending on how the code is done you can get a good approximation like this. Some would argue a 'sliding window' of 180 minutes on a 1 minute chart would give better results than arbitrary hour bars. It's all about how you sample what is actually continuous data. There is another thread somewhere that talks about swing high swing low detection that might be of interest.

Share this post


Link to post
Share on other sites

Thx you Blowfish,

 

will see what I get with it using that ratio.

I am looking for market structure pivots, yes, the floor trader pivot was just mentioned as a kind of examples for ongoing horizontal lines instead of the few points plotted like with this indicator.

 

So thx again for your feedaback and help.

 

Good luck,

 

Goody

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
    • There are many resources related to forex trading available on forums like babypips and forexfactory etc.
    • Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money.
    • Nothing wrong with being a ‘progressive’. Nothing wrong with being a ‘conservative’.  Very generally, ‘conservatives’ have preponderance of the here and now neurotransmitters, prefer empirical references, the rule of law, and value individual agency (It has been said that conservatives love humans and progressives love humanity) . Very generally, ‘progressives’ are dopaginaric - driven by passion for a better possible future, prefer references to others  (Example Karmela won’t answer questions with facts.  She cites the opinion of 18 ‘experts’), have a penchant for rule by man/mobs not by law , and value ‘societal' agency.  However, excesses of either tendency indicates mental illness, collective malaise, and has consequences.  When either camp is systematically captured by control seekers and/or, situationally by mobs, the whole is lessened. A key sign that is occurring is when one side no longer allows disagreement.  Progressives have  currently gone crazy in those excesses and are no longer allowing anything but unithought... examples - You can still be a vocal pro choice republican.  Try being a vocal pro life democrat. For snicks just try it.  You’ll get cancelled.  Bust a myth about blacks in America, true up the real  history of Republicans ending slavery and what has happened since, how the democrats are the party of the KKK, how Obama did not a fkn thang for blacks in general, be a black republican, etc.    You will get canceled in a heartbeat. Step up and question the social agendas of federally subsidized schools at a board meeting... get treated like shit and also get an immediate case number with the FBI ... Question the requirements to watch and lickkiss the 'rainbows' and also make sure your kids show up for it, not to mention fund transitions out of your pocket and see what you get ‘labeled’ Question mainstream media bias - even just to mention that biased, agenda driven narrative is different from truth in reporting - and see what happens to your voice... Excesses have consequences... imbalances have consequences... just sayin’
    • SBUX Starbucks stock, watch for a top of range breakout above 99.81 at https://stockconsultant.com/?SBUX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.