four wicks for support and resistance

tonb · 2021-02-28T07:55:08+00:00

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

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02/28/2021 at 8:55 AM #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-2.png

02/28/2021 at 9:15 AM #162746 quote

Vonasi
Moderator

Master

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

Tested Levels Indicator

02/28/2021 at 9:48 AM #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

02/28/2021 at 11:53 AM #162757 quote
Vonasi
Moderator

Master
Change the indicator settings to:
```
p = 8
tests = 4
```
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