Closer 3 Historical Weely high and Low to entry price

CKW · 2017-02-06T12:32:49+00:00

Hi Nicholas & all, Is there a way to identify R1, R2, R3 from previous Weekly High (s) (e.g. A list of previous Weekly High, over the last 6 months) S1, S2, S3 from previous Weekly Low (s) (e.g. A list of previous Weekly Low, over the last 6 months) It forms resistance Zone and Support Zone in 3 levels. The R is not the Top 3 highest but closer 3 price levels which higher & closer to entry price. Same for S. R3, R2, R1, Entry Price, S1, S2, S3 The Idea is to use this data to estimate the SL & TP level Can you advice if we already have something like this in forum ? Br, CKW

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02/06/2017 at 1:32 PM #24096 quote

CKW
Participant

Veteran

Hi Nicholas & all,

Is there a way to identify R1, R2, R3 from previous Weekly High (s) (e.g. A list of previous Weekly High, over the last 6 months)

S1, S2, S3 from previous Weekly Low (s) (e.g. A list of previous Weekly Low, over the last 6 months)

It forms resistance Zone and Support Zone in 3 levels. The R is not the Top 3 highest but closer 3 price levels which higher & closer to entry price. Same for S.

R3, R2, R1, Entry Price, S1, S2, S3

The Idea is to use this data to estimate the SL & TP level

Can you advice if we already have something like this in forum ?

Br, CKW

02/06/2017 at 3:50 PM #24120 quote

Nicolas
Keymaster

Legend

I don’t remember have seen something like this in the forums before.

It would not be so tricky to make something like this as an indicator. Each Friday at close we store the actual week high / low in two of 6 variables (previous 3 weeks high/low) and display them all as lines on charts.
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Closer 3 Historical Weely high and Low to entry price

ProBuilder: Indicators & Custom Tools

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
9 years, 7 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	02/06/2017
Status:	Active
Attachments:	No files