TRO_DYNAMIC_FIBSSR - TS 8.1 Indicator
Since you can't use 8.0 anymore, I decided to start using some of the 8.1 features such as more than 4 plots.
I combined the dynamic support/resistance and dynamic fibs show me indicators into ONE indicator... TRO_DYNAMIC_FIBSSR.
TRO_DYNAMIC_FIBSSR plots fibs dots between the dynamic support/resistance dots.
In the example, notice what happens the next day when AAPL makes an new dynamic support level ( on 12/7 and again on 12/12 ) - it does a fib retrace ( on 12/8 and again on 12/13). No big news, just profitable entries ( dynamic support ) and exits ( dynamic fib ) for you swing traders..
ELD attached.
TRO_DYNAMIC_FIBSSR - for TS 8.1!!
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- TheRumpledOne
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TRO_DYNAMIC_FIBSSR - for TS 8.1!!
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- TRO_DYNAMIC_FIBSSR.ELD
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- TheRumpledOne
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I added alerts.
ELD attached.
ELD attached.
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- TRO_DYNAMICFIBSSR.ELD
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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Does anybody use dynamic S/R andor dynamic fibs for stops?
Hi all,
I just wondered if anybody uses dynamic S/R to calculate chartstops. I.e. if entering long, place S/L shortly beneath actual Support Level, calculate Position Size due to Risk and Moneymanagement? If done what about trade management? Profit Target due to moneymanagement chart? Dynamic Adjustment of Stop due to trailing or Parabolic? Profit Target / Trailing due to dynamic S/R as well and if that, considering to a) new Resistance level or b) "a trailing of S/R" that is, adjust S/L if Support Level rises or c) according to the Fibs, and if so in what way?
If somebody has made any experience with that or thinks that he´s got to put my thinking of stops / targets into another way, then I´m very interested to know so.
thank you from spain,
peter
I just wondered if anybody uses dynamic S/R to calculate chartstops. I.e. if entering long, place S/L shortly beneath actual Support Level, calculate Position Size due to Risk and Moneymanagement? If done what about trade management? Profit Target due to moneymanagement chart? Dynamic Adjustment of Stop due to trailing or Parabolic? Profit Target / Trailing due to dynamic S/R as well and if that, considering to a) new Resistance level or b) "a trailing of S/R" that is, adjust S/L if Support Level rises or c) according to the Fibs, and if so in what way?
If somebody has made any experience with that or thinks that he´s got to put my thinking of stops / targets into another way, then I´m very interested to know so.
thank you from spain,
peter
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15544
- Joined: Sun May 14, 2006 9:31 pm
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- TheRumpledOne
- rank: 10000+ posts
- Posts: 15544
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
ENHANCEMENT
I added the inputs iHigh and iLow so you can use something other than High/Low to calculate support/resistance.
ELD attached.
I added the inputs iHigh and iLow so you can use something other than High/Low to calculate support/resistance.
ELD attached.
- Attachments
-
- TRO_DYNSR.ELD
- (8.69 KiB) Downloaded 235 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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Thank you for your support.
Thank you for your support.