10.3 SCALPER/RANGE TRADE SYSTEM

[babalu4u]

My be somebody with a lot of money love this numbers....

[Mortiiy]

DC,

due to the limitation of Empty4 the maximum amount of buffers to draw is 8 (index 0 - 7), so no extensions beyond S3/R3 plus DP is possible within the same indicator...

I did a quick hack of babalu4u's work:
1. Split the indicator into two - one for R, one for S
2. Calculation of R4/S4 and R5/S5 are user definable line 44/45 (not an extern!), presently set to 1.618 and 2,618 respectively
3. removed the PFactor routine as it does not seem to be referenced in the calculation - should I have mis-read the code, my apologies

Thanks to NB for his great ideas, dancingphil for his insights and the original coder!

Cheers & have a great weekend

Mop

PS: for a quick read-up on standard vs fibonacci calculations a nice summary from hanover over at FF:
http://www.forexfactory.com/showthread. ... ost1506991

Nice thinking there Mop. I am applying it immediately..

[Mortiiy]

Babalu4u, on those historical S/R's, combined with 10.3, you are now tinkering at the heart of the forex market. We may soon find ourselves with nothing more to discover but how to spend our fx riches....

Mortiiy

[babalu4u]

I find this Levels Finder indicator here:
http://articles.mql4.com/ru/237
And here is indicator....

[babalu4u]

max limit 3000, maxcrosses level 5

[fxarun]

Hi Babalu4u,

skeptics suggest that if we plot enough lines on a chart, prices will reverse at some simply by way of coincidence.

With regards,

Arun

[hilavoku]

Hi babalu,

can your pivot indy adjust the calculation based on the close of the NY session?

thx in advance
Guido

@fxarun: i thought the same

[babalu4u]

Yes new Pivot indy you can set....

[hilavoku]

Than i will eagerly waiting

[babalu4u]

skeptics suggest that if we plot enough lines on a chart, prices will reverse at some simply by way of coincidence.

With regards,

Arun

The level of support and resistance - this value price, the intersection of which interfere with some force. This may be the forces caused by psychological mark, the impact of any major players or a lot of stop-loss near this level. It is quite clear that the quotes will cross this line much less than all the other lines that are not support levels. Confirmation of this fact can be found in a lot of literature.