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Date/Time: Sat, 21 Apr 2018 09:14:14 +0000



Post From: Code request

[2017-12-05 17:41:39]
EuropeanTrader - Posts: 235
Hello,

can anyone please write me an indicator that would mark up a simple horizontal support / resistance level.

It is very simple using Sierra's swing high low indicator and would have a lookback period for only 90 bars.

For example - resistance:

two swing highs (with at least one swing low drawn in between them) as shown on attached pic.

Also, to make sure it is "horizontal" only those swings are connected with a line that are max. 0.5 ATR(14) apart at the time of second swing. The line would be drawn at highest swing high of the two.

For example - support (just the opposite):

two swing lows (with at least one swing high drawn in between them).

Also, to make sure it is "horizontal" only those swings are connected with a line that are max. 0.5 ATR(14) apart at the time of second swing. The line would be drawn at lowest swing low of the two.

Can someone do that for SC charting please? I think it could also be used as a simple and new support resistance SC indicator.

Thank you!!!
imageauto SR sc.jpg / V - Attached On 2017-12-05 17:41:27 UTC - Size: 122.06 KB - 80 views