tonbParticipant
Junior
i am looking for a code to trace four wicks as support and resistance
For the support signal I search in a range of maximum 8 candels where I want a signal if a connection can be made by a horizontal line with 4 candels that have a upper wick as in the picture
For the resistance signal I search in a range of maximum 8 candels where I want a signal if a connection can be made by a horizontal line with 4 candels that have a tail wick as in the picture
I think this indicator that I coded a while back might do what you want:
Tested Levels Indicator
tonbParticipant
Junior
I am really looking for a candel range of 8 candels, where a signal is given to 4 times support or resistance as this stratagy is intended for a 100 ticks time frame reversal trading
Change the indicator settings to:
p = 8
tests = 4