oblique support and resistance

• 03/13/2020 at 10:22 AM #122034
  jebus89

  Hello, so i was wondering if this has been done before, and i need some help coding it.

  I made a picture showing what im thinking about.

   

  The idea is to find support and resistance using the highest high and lowest low, calculate the angle and draw a support/resistance line.

  To find the angle i was thinking you first need 2 data points for higher high and lower low, then calculate the angle of the support/resistance line between those two points and just extend that “into the future”. Edit:  Maybe you dont need to calculate the angle, easier to maybe just draw a line between them and extend that line?

  The lookback period i think would be interesting to experiment with. For this spesific picture, if i was to curvefit for it, i think it would look like this: highest[2000](high[1400]) and highest[900](high[300]) and obviously should be possible to change the lookback periods.

  The goal is to make money from either reverting the trend or buying a breakout.

  

  jebus89

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  03/13/2020 at 1:20 PM #122061
  Nicolas

  Been there in this topic: https://www.prorealcode.com/topic/trendline-une-approche-du-trading/

  Challenge is to find the best relevant top and bottom with a code, that’s easier with your own eyes 🙂

  

  Nicolas

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  03/14/2020 at 5:27 PM #122130
  jebus89

  Thats really interesting Nicolas. How can i call the lines in my buy/sell code?

  

  jebus89

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  03/14/2020 at 5:54 PM #122131
  Nicolas

  You can’t, these lines are graphical. You can calculate the affine function between the 2 fractals points (y=ax+b) and check if the line is crossed, et voilà !

   

  

  Nicolas

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  03/14/2020 at 6:00 PM #122132
  Nicolas

  Some valuable codes in this topic: https://www.prorealcode.com/topic/pseudo-triangle-trading-system-5-min-using-volume-and-volatity/

  I remember have coded somewhere a snippet to check for oblique breakout, must be somewhere … but I can’t find it for now.

  EDIT: another example here: https://www.prorealcode.com/topic/how-can-i-code-a-line-x1y1x2y2/#post-87360

  

  Nicolas

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  03/14/2020 at 6:08 PM #122133
  GraHal

  Nicolas wrote:

  I remember have coded somewhere a snippet to check for oblique breakout,

  Is it in this Topic Nicolas?

  https://www.prorealcode.com/topic/calculating-diagonal-trend-lines-using-fractals-and-trigonometry/page/2/?PageSpeed=noscript%3FPageSpeed%3Dnoscript

   

  

  GraHal

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