Hi fiox, mackaozy,mackaozy » Thu Nov 19, 2015 11:47 am wrote:I see, S&R however is created by fractals which are just swing high or swing low points on the chart, so its the same.
How this EA operates is as follows:
First. The EA searches for fractals in different timeframes (15,30,60,240,1440, etc.).
Second. If found the fractal, it checks the trend.
Third. If is ok with the trend it checks the short cycle.
Finally, when these filters are passed, it verify the S/R zones for not taking trades in these zones.
Regards
José Luis