Discuss Support and Resistance indicator (visual support and resistance levels on chart) in this thread. You can ask any questions about this indicator here.
Last edited:
Support and Resistance
- Thread starter Enivid
- Start date
- Watchers 3
Is this indicator repainting himself
Hello,
I have seen this indicator,it seems to be profitable with the past historical data,but how does it work on the future. Does this indicator repaints itself or,when a red or blue dot is formed,it s value never changed .
On the net there are many indicators that repaints themselves,and then when we scroll back the charts,we see whauwww,what a great indicator,but when live trading,evrything goes wrong.
What s up with this indicator?
Thanks
Fxtrader2345
Hello,
I have seen this indicator,it seems to be profitable with the past historical data,but how does it work on the future. Does this indicator repaints itself or,when a red or blue dot is formed,it s value never changed .
On the net there are many indicators that repaints themselves,and then when we scroll back the charts,we see whauwww,what a great indicator,but when live trading,evrything goes wrong.
What s up with this indicator?
Thanks
Fxtrader2345
Yes, it repaints itself. But this indicator is not for direct trading, it's just for detection of the support and resistance levels.
In addition to the alerts, would it be possible to add an arrow on the chart when a candle crosses and closes above or below S/R.
I don't trade solely on the cross but rather use it as confluence with other developing ideas. I prefer to visually scroll through my charts on candle closing to see what might be developing, rather than rely on alerts. Thank you.