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@  Purse : (21 July 2018 - 08:07 AM) r you sure its just beer and rum you drink here and then lol?
@  traderpusa : (21 July 2018 - 05:06 AM) I think I saw Elon Musk the other day, selling second hand rescue cave mini subs lol
@  traderpusa : (21 July 2018 - 05:03 AM) lucky i took delivery of beer and cigarettes earlier today.
@  traderpusa : (21 July 2018 - 05:01 AM) lol. in submarines these days
@  Purse : (21 July 2018 - 04:53 AM) Lol they do deliver pizza in tanks over there?
@  traderpusa : (21 July 2018 - 04:50 AM) gonna order pizza. Too much rain to go outside tonight.
@  traderpusa : (21 July 2018 - 04:50 AM) nah, it's average lol
@  Purse : (21 July 2018 - 04:42 AM) 3 times in a row, thats new record tho?
@  traderpusa : (21 July 2018 - 03:41 AM) dyslexia is a weird thing. One box is called shout, the other one search. No idea why I post this cause you can't read the difference lol
@  darman67 : (21 July 2018 - 03:39 AM) binary comodo
@  darman67 : (21 July 2018 - 03:39 AM) binary comodo
@  darman67 : (21 July 2018 - 03:14 AM) comodo
@  Purse : (21 July 2018 - 02:38 AM) Thats how its supposed to be, isnt it? You paid the shoes, you got the right
@  traderpusa : (20 July 2018 - 09:43 PM) yes, i have some tree growing empty beer bottles uncontrollably.
@  traderpusa : (20 July 2018 - 09:43 PM) Purse picking his fruits : https://gyazo.com/4e...599aca8ca65922e
@  Purse : (20 July 2018 - 09:40 PM) smth different*
@  Purse : (20 July 2018 - 09:40 PM) Does your concrete also grow something than just bbq grills and a private bar? :D
@  Purse : (20 July 2018 - 09:40 PM) lol ye, now i need a hovercraft to reach all my good fruits
@  traderpusa : (20 July 2018 - 09:36 PM) my concrete looks pretty clean :P
@  Purse : (20 July 2018 - 09:13 PM) Oh yea, over here we also got some heavy rainy days. My garden looks like a mud hole lol

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Surprisingly Good Support & Resistance Indicator

indicator support and resistance s&r

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207 replies to this topic

#1 David

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Posted 06 August 2014 - 07:36 AM

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I'm not sure if anyone else has given this support and resistance indicator a try, but this has been looking very nice.  A lot of these lines have been dead on from my testing. Downloads are below for those of you who want to try it.

 

y6uN3yY.png

 

MQ4 File - Attached File  Support and Resistance # TLB OC v02.mq4   18.21KB   8636 downloads

 

EX4 File - Attached File  Support and Resistance # TLB OC v02.ex4   40.58KB   5928 downloads


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#2 rommark

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Posted 06 August 2014 - 04:33 PM

Thanks man!


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#3 swede

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Posted 06 August 2014 - 05:31 PM

Finally, a support/resistance indicator that uses closing prices......with all the significant time frames on one chart....thanks for posting that David...very useful indeed...


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#4 David

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Posted 06 August 2014 - 09:17 PM

No problem!  Couldn't pass up posting this for everyone as I've not seen any other S&R indicators like it that were this good.


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#5 swede

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Posted 07 August 2014 - 10:55 AM

See post 204 from this late NY session in the "introduction to Ichimoku" thread.....


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#6 BryanMac

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Posted 07 August 2014 - 02:32 PM

I threw it on my ichi charts also I like it a lot.



#7 Rustyh6281

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Posted 07 August 2014 - 02:46 PM

Three big players supporting this ... must be worth its salt!



#8 atcsd

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Posted 09 August 2014 - 08:31 AM

thank u 



#9 johnjacob

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Posted 09 August 2014 - 11:49 AM

i think almost every strategy or all here at BOE will work if apply the s&r david provide..thats what every strategy was missing a good s&r indi..thanks david


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#10 hmrukltd

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Posted 10 August 2014 - 03:54 AM

@David I tried this indicator on friday and I must say for those that find it hard spotting and drawing your s/r levels manually this right here saves you all the hardwork, it's simply brilliant. People do not ignore this is a GREAT share David.


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#11 vulcan

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Posted 10 August 2014 - 06:38 AM

@David…what website did you find indicator from , please



#12 alan

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Posted 10 August 2014 - 07:34 PM

how to use this indicator?

 

what are the different line types and time frames on them means?

 

which ones are stronger signals?

 

David: but now that you shared this indicator, this will quickly gets saturated and become ineffective. 



#13 oakman

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Posted 10 August 2014 - 10:22 PM

In reference to the last part of your post Allen. Don't worry.That would be basically impossible.



#14 marklee

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Posted 10 August 2014 - 10:43 PM

I know the TLB stand for three line break.. not sure what the OC stand for im guessing open close..lol.. I guess price suppose to break 3 support line on a downtrend and then take a call on the bounce off of the 3rd support line..vice versa if its an uptrend..not sure though.

#15 johnjacob

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Posted 11 August 2014 - 10:37 AM

here's a horizontal line with alert to help you guys who have multiple charts open ... just place it on top of the s&r indicator. if you want to have two or more H Line on your chart just change the number on the myline1 to myline2 and so on ..

 

 

 

 

Attached File  HLine Alert.ex4   5.43KB   972 downloads

 

Attached File  HLine Alert.mq4   1.72KB   1041 downloads

 

 

 


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#16 alan

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Posted 12 August 2014 - 08:15 AM

david: help us. we know that you are a wealthy person. $1000 or $10000 is like a pocket money for you. please help us to earn a few dollars a day at least.

 

dont ignore us like this. 



#17 BryanMac

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Posted 12 August 2014 - 08:30 AM

david: help us. we know that you are a wealthy person. $1000 or $10000 is like a pocket money for you. please help us to earn a few dollars a day at least.

 

dont ignore us like this. 

As support and resist is a fundamental skill when trading i would suggest starting with the below info, there is no secret to it it is just understanding the concept.

 

And I dont think you were being ignored, its just that S/R is such a basic concept and one of the 1st you should learn as it compliments every part of trading.   

 

http://www.babypips....resistance.html

 

 


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#18 acuter

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Posted 12 August 2014 - 01:59 PM

 Go  to  urbanforex.com ,  and  click  on  Pip  Milking  , ( AKA " Milky" ) , for  the  basic  pattern  strategy .

 

It  is  ALL   you   will  need  to  determine  objective   Support / Resistance  . Switch  to  a  LINE  chart ,  and  watch  for ascending   

 

letter  M  shapes  , and  descending   letter  W  shapes . It  takes  a  bit  of  patience  , and  practice  to  discern  some  of  the

 

 irregular  letter  shaped  patterns  , but  it  is  time  well  spent  . " Milky "   does  not  require  any  indicators  ;  and ,  it  works

 

 like a  charm .


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#19 Rustyh6281

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Posted 12 August 2014 - 05:06 PM

Ha ha ... Acuter banging his Milky drum! :)

 

It does work though ... so keep banging!


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#20 swede

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Posted 12 August 2014 - 08:38 PM

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all i want is just a reliable system with indicators that tells me when i buy and sell. thats it.

 

is there any such system that is profitable?

 

so far i cant find any profitable system.

That my friend is all anyone wants....but I suspect you want it handed to you on a platter, without any research, without any study, without any education, without any effort on your part...you want to have a message or alert to tell you when to buy and sell.......

 

..I sure hope you are not investing any real money in trading at this point.  Why not take one month, read everything there is to read on trading, then come back and ask some intelligent questions....and they should not include "what is support/resistance?"  There are many profitable traders in these rooms....but it took some of them years to get profitable and there are no easy solutions.....


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