four wicks for support and resistance

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  • #162742 quote
    tonb
    Participant
    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

    Wicks.png Wicks.png wicks-2.png wicks-2.png
    #162746 quote
    Vonasi
    Moderator
    Master

    I think this indicator that I coded a while back might do what you want:

    Tested Levels Indicator

    #162750 quote
    tonb
    Participant
    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

    #162757 quote
    Vonasi
    Moderator
    Master

    Change the indicator settings to:

    p = 8
    tests = 4
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four wicks for support and resistance


ProBuilder: Indicators & Custom Tools

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tonb @tonbijl Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by Vonasi
4 years, 11 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 02/28/2021
Status: Active
Attachments: 2 files
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