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    Thread: Supports and resistance in mql4

    1. #1
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      Default Supports and resistance in mql4

      hi, i am trying to create an EA based on candlestick and supports and resistance, i am able to code candle stick pattern logic like engulfing, Shooting star,hummer, dojis and other reversal; patterns, but i need to get the levels of supports and resistance to place stops in my positions, can anybody help me, via indicator or code...? which is best.

      thanks in adance


    2. The Following User Says Thank You to abuzar333 For This Useful Post:

      Bao Long (05-05-2015)

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      Default

      Quote Originally Posted by abuzar333     
      hi, i am trying to create an EA based on candlestick and supports and resistance, i am able to code candle stick pattern logic like engulfing, Shooting star,hummer, dojis and other reversal; patterns, but i need to get the levels of supports and resistance to place stops in my positions, can anybody help me, via indicator or code...? which is best.

      thanks in adance
      Hello mate,

      I've made that kind of EA recently.

      But its quite complex and confusing.

      It requires 1000 lines of code just to detect some support and resistance.

      I'll give you the ex4 file if you want but there are some confusing parameters and input there.


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      Default

      Quote Originally Posted by abuzar333     
      hi, i am trying to create an EA based on candlestick and supports and resistance, i am able to code candle stick pattern logic like engulfing, Shooting star,hummer, dojis and other reversal; patterns, but i need to get the levels of supports and resistance to place stops in my positions, can anybody help me, via indicator or code...? which is best.

      thanks in adance
      hm, talked use pattern, shape candle.
      This will allow you to get a lot of confirmation signal ...
      using High Low with a record time frame, you also get something similar ...
      talk about the support and resistance are important for the identification of valid and invalid ..
      I think still better by using MA, as the basis of calculating the average movement High Low, Brother ....


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      Hello
      You can make s code that tell you the resistance and support for each time frame you want using hight and low of candlestick.
      Good luck


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      Default convert from mt4 to mt5

      Quote Originally Posted by abuzar333     
      hi, i am trying to create an EA based on candlestick and supports and resistance, i am able to code candle stick pattern logic like engulfing, Shooting star,hummer, dojis and other reversal; patterns, but i need to get the levels of supports and resistance to place stops in my positions, can anybody help me, via indicator or code...? which is best.

      thanks in adance
      Anybody who can convert this indicators from Swing_ZZ.mql4 to Swing_ZZ.mql5, please?Swing_ZZ.mq4PZ_SupportResistance.ex4


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      For identifying support and resistance zone you can download support and resistance zones indicator there are too many indicator of support and resistance but all are useless i am sending you one ex4 file of support and resistance indicator use it very excellent indicator for identifying s/r zones properly becsuse indicator show only important s/r zones and neglect other zones that is very useful thing of indicator


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