Support & Resistance: Natural & Implied

Discussion in 'Systems and Methods' started by Boomerang, Feb 22, 2017.

  1. Boomerang

    Boomerang Member

    Joined:
    Jan 26, 2017
    Messages:
    6
    I am now studying ICT's WENT Tutorial series. The WENT_4 tutorial video deals with Support & Resistance.
    Here is some important information about the 2 classificatons of S/R levels:

    (1) NATURAL S&R LEVELS (Fixed & Rolling):

    * 12 month Highs & Lows
    * Semi-annual highs & lows
    * Quarterly highs & lows
    * Monthly highs & lows

    * Weekly highs & lows
    * Daily highs & lows
    * Session highs & lows (Asian, London, NY)
    * Intraday Fractals (Short Term S&R Intraday)
    * Trendline Analysis

    (2) IMPLIED S&R LEVELS:

    * Pivot Points (Monthly, Weekly, Daily)
    * Fibonacci Levels (Retracements & Extensions)


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    After I read (and studied) this material, the first idea that crossed my mind was how to create 1 or 2 indicators (or templates) to quickly generate all the above NATURAL S&R LEVELS. Here are some questions that this group might want to consider:

    * Is it a good idea to create a single indicator/template to automatically generate the NATURAL S&R LEVELS ?
    * Is there such an indicator/template already out there ... maybe, 1 for FIXED and another for ROLLING ?
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  2. manfloy

    manfloy Member

    Joined:
    Mar 23, 2017
    Messages:
    10
    ;D ;D ;D support&resistance

    laughing every time when people talking about support resistance, when traders are trading around the world from Tokyo with one GTM time to the London from another GTM time close to NY with totally different GTM time, :thumbsup:
     
  3. rod178

    rod178 Well-Known Member

    Joined:
    Jul 16, 2013
    Messages:
    3,101
    Suspect that you are confused
     

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