Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental tradingview.com/chart/WxpCE8mK/
What are the rules for this strategy? Should you wait until it touches the zone (upper or lower)?
guru484sn
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@CD_CD Thanks for gifting,
I wanted to know detailed calculation ,need to be created scanner, when touches High low ,pls its humble request,
hameed786a
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would you be able to assist with script for weekly and monthly???
EricYoung213
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It it possible to get this made for MT4?
msY
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Will it be modified in 12-hour increments? Thank you
Vishant_Meshram
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Please guide how to code adr breakout. Please guide.
gangadharkandle
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sir super but how we use and add other broker terminal like fyerd
stockspy
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@cristian.d I have to say, I've had this script on my chart now for the last 4+ weeks, and probably 75% (or even more) or the days, those highs/lows are perfect buy/sell points. I have been using on S&P 500 (SPX).
Question - If the index gaps up more than normal for example 5 points on S&P, does the script take that gap into account for the current day that I'm trading? Or would you recommend taking more caution with the ranges that the script gives, if the morning gap isn't your typical morning gap?
I haven't tracked whether it's more or less accurate on "gap days", but just wondering.
Now the only thing I need to know is which zone is it heading for first in the morning :-)
stockspy
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@cristian.d also for days when it breaks out above or below a range, very often it comes right back down to that range after it's done breaking out, to either test it again or even close at the range.