still works like a Swiss Watch. ;-)
TradingView Blog: http://www.forktrading.com/tradingview-blog
They catch frequency and the markets center very nice Dusan.
And they are different in the "function" then the red ones we discuss.
The red lines i drew project A/R in time.
And they also catch support & resistance, as a sub function of timing.
Your lines catch frequency as a sub function and as a main function they show where potential S&R could be, as theyr nature is to
mesure the extremes and the center.
Now we can combine them and think about how to use it in our trading.
- to find S&R
- to catch freq.
- to "confirm" timing
- to use as filters
Great that you are interested in this Philosophy Dusan! :)