Super Support & Resistance

[Bill R]

Doesn't anybody want to learn enough programming to do their own work? Jeez, Scorp, you're a nice guy, but at what point do you feel used and abused? It's almost like they're putting in orders sometimes.

[Seehund]

Hi dear,

sorry but my english is not got and i have Unforgatable to read.A posting is very complicated for me.

i hope this is ok for you.

ciao Seehund

[mhd50000]

Originally Posted by fdrago2

I have a some indicators in a picture with template.
If dou you want it please, write me.

I would like to have this indicators please

princeofalex%hotmail#com

regards

[ryujin]

Hi scorpion,

Can you attach the relavant MACD or RSI indicator to further enhance the winning probability of your this indicator.

And can you give me an example of how to check the MACD or RSI indicator against your indicator??

What P/L or S/L should I use for this indicator?? Which currency paris are this best used on?

Originally Posted by scorpion

Hi, as the name implies, you instantly get the support and resistance lines automatically drawn for you. Traditionally, you would grab a line tool and draw by yourself, which is time consuming.

I suggest you play around the indicator with different settings; human learns faster that way. My intraday setup is on 30M chart with Step = 15, Precision = 5, Shift = 1. Bars is just the number of bars you want the indicator to cover.

Normally we use this in two ways. First, if the price breaks below support (blue), we go short. If price breaks above resistance (red), we go long. Second way, if price touches the support and bounces back up, we go long. If price touches the resistance and bounces back down, we go short. Of course, it's best used with divergence signal from RSI or MACD.

See attached screen shots.

Happy trading!

[imrich4life]

my question is kinda naive,so please pardon me n help me out.which programme do i use to open the download?help me scorpion

[scorpion]

Not naive at all. You'll need metatrader 4 from metaquotes.net.

[imrich4life]

im on the crown forex platform,kindly me directions on how to install expert advisors and indicators to the platform,e.g the SHI channel.thanks

[ultimaforex.com]

Originally Posted by imrich4life

im on the crown forex platform,kindly me directions on how to install expert advisors and indicators to the platform,e.g the SHI channel.thanks

1) Download and compile the MQ4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder
2) Close your MetaTrader application (assuming it’s currently open … Ignore this if the application hasn’t been launched)
3) Launch your MetaTrader application
4) On the left hand side, look for the “Navigator” window
5) Under the “Common” tab, look into the “Custom Indicators” directory
6) Locate the indicator which you have just downloaded into the folder stated in Step 1
7) Drag (Click and drag) the indicator onto the chart

by fx addict

[ken]

I just wanted to say thanks to scorpion and everyone else who contributed to this indicator. After having it installed for only two days I can see that it will likely be one of the most profitable "tools" in my "box".

[mohdhakim75]

hello...