Super Support & Resistance

[fxmalay]

Hello!!
How to use the superSR7 indicator?

[Bill R]

Go back one page -

[lalaji]

hi.I am just tetsting

[topdog38uk]

Wow, That Pic sure looks busy.
That would come under the term "info overload"
for me.

[radulescu23]

hy ., i realy need help to make an idicator , it will be a graet indicator for all af you, and is very simple to make i belive.
This indicator will use curencies corelation .
I wil tell you more if some one can ofer to make this.

My enaglish is bad , sorry for that.

i want that indiactor show in data windows , verical line of power beetwen usd/jpy an gbp/usd , and we will use for trade gbp/jpy.

for exampl usd/jpy go up on 15 min timeframe , 10 pips that means week jpy, and gbp/usd go up on the same time frame 15 pips that means strog gbp, and that means to go long on gbp/jpy.

the formula is to plot on the indicator vertical line that show the nomber of pips from gbp/usd + usd jpy(last 10 candelstik) /10 if you understend me.

ok , thx guys

[saikoo55]

Thank you for the wonderful indicator

[hussain4x]

thanks for ever

[oilfxpro]

Hi Folks

Is there an E A for this

OILFXPRO

[jeffzie]

Hello am a new member in here and i need ur help to continue my trading ,i need EA that have stoploss and takeprofit,who can trade on GBP/JPY.plz help me out and what is all about oildaytrader?? i will be expecting reply as aoon as possible.

Jeff

[atisnado]

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!

hi scorpion! Whats the time frame you think is better to use witn this indicator? 15, 30 min or 1 hour? thank you!