synapticEx

Fractal Support Resistance (Fixed Volume) 2

Fractal Support Resistance (Fixed Volume ) 2

http://synapticex.com
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//@version=2
//synapticex.com
study("Fractal Support Resistance", shorttitle="FSR", overlay=true)
tf = input(title="Resolution", type=resolution, defval = "current")
vamp = input(title="VolumeMA", type=integer, defval=6)
vam = sma(volume, vamp)

up = high[3]>high[4] and high[4]>high[5] and high[2]<high[3] and high[1]<high[2] and volume[3]>vam[3]
down = low[3]<low[4] and low[4]<low[5] and low[2]>low[3] and low[1]>low[2] and volume[3]>vam[3]
fractalup =  up ? high[3] : fractalup[1] 
fractaldown = down ? low[3] : fractaldown[1]

fuptf = security(tickerid,tf == "current" ? period : tf, fractalup)
fdowntf = security(tickerid,tf == "current" ? period : tf, fractaldown)

plot(fuptf, "FractalUp", color=lime, linewidth=1, style=cross, transp=0, offset =-3, join=false)
plot(fdowntf, "FractalDown", color=red, linewidth=1, style=cross, transp=0, offset=-3, join=false)

Does anyone have this indicator for metaTrader 4 ?
Reply
Thankyou so much!! May i ask, what is the difference between Red line and Green Line?
+9 Reply
updated?
Reply
Thanks :)
Reply
Is this the latest version? Thanks.
Reply
synapticEx TonyCampbell
lol absolutely. If you find an error let me know. Thanks.
Reply
TonyCampbell synapticEx
OK......great, thanks. I googled this S/R for background info....articles etc, but didn't find much......do you know of anything?
Reply
synapticEx TonyCampbell
what do you want to know?
Reply
TonyCampbell synapticEx
Does it seem to work best for a particular TF.....intraday or swing trading over multi days or weeks? A great addition, thanks again !
+2 Reply
synapticEx TonyCampbell
You can use it with the trading style you prefer. It is not intended to be used alone, unless you already know price action behavior very well. It is possible to use it to tracks breaks in the price structure or just as SR zones. Tipically on the lower time frames you may want to focus on the last 3/4 levels.
+1 Reply
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