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Support and Resistance
Please find some indicators which are forecasting something.
First is i-DRProjections_v.0.1. This indicator shows the support and resistance of current day forecasting on the base of previous day. All the calculation is based on Thomas R. DeMark book "New Science of Technical Analysis". forecasting indicators Last edited by newdigital : 11-14-2005 at 05:40 PM. |
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Some description you may find in the code of this indicator (in english).
For example: Blue line is Static level of balance; DodgerBlue - Dynamic level of balance; Yellow - Static steps of balance; An other yellow line - Dynamic steps of balance; Black - Static level of support; White - Dynamic level of support; Black - Static level of resistance; White - Dynamic level of resistance. All the color of the lines may be changed in the settings of the indicator. |
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WSOWROTrend indicator is based on Widners Oscilator.
It is indicator for the calculation of the support and resistance levels. It means not one level. Many S/R levels. This indicator is using some filter system to receive the S/R level with more higher probability. nPeriod is number of the bars for the calculation of the minimums and maximums. The value of nPeriod may be from 3 or above. 9 is by defauld value. ![]() |
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The Murrey Math Trading System
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