- June 17, 2013
- Posted by: Forex Wiki Team
- Category: FX Ind
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| Author: | brooky29 (2010.12.13 09:58) | ||
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| This indi will draw the levels and then delete if older than your selected bars. The turn is calculated on above/below opens not closes as that seems to get most of the turns and this makes it slightly different than just the dots from a programing point of view.
I prepared a video to show it in use with Bollinger bands as this seemed to illustrate how the indi worked quite well. You can have a look if you like here>>. Parabolic S&R Levels Video. Very basically the more previous crosses in bars past that are close together show the strength of the resistance/support level. I have noticed that price tends to want to break into clear ground which is easy to see as clear chart area.
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