Automated Support/Resistance Detection

Discussion in 'Automated Trading' started by fatrat, Dec 11, 2005.

  1. fatrat


    I had a magazine a while ago that talked about how to do this, but I misplaced it. It may have been Active Trader magazine, but I'm wondering if someone knows what I'm talking about -- article wise. I can't seem to find it in any of my back issues.

    I'd like to write a little algorithm to give me a general support/resistance information automatically, and I'd rather not re-invent the wheel.

  2. I'd be interested in this as well.

  3. i think kwikpop does something like that with one of their studies??? like a continuous plotting of the support and resistance channels for the timeframe you have running {based off recent price action pivots}.
  4. Lucrum


    Ensign has something along those lines as well.
  5. fatrat


  6. jdollarr

    jdollarr Guest

    fatrat, thats a nice article, thank you.
  7. This study doesn't show you important support/resistant
    level touched multiple times, it identifies support/resistant
    pivot price (swing high/lows intraday) only which is used
    intraday for frequent trading.

    Lets say if we are in trading range, it doesn't average last
    three to four swing/high lows for the significant price levels