Support & Resistance are fairly straight forward visually, yet I have difficulty trying to quantify the levels on a given time frame for an EA.
Just wondering if anyone has had success in coming up with a formula to use in the EA wizard that might work.
Support & Resistance are actually very difficult to determine and program. Many things that are visible by the eye are not easily to be defined programmatically.
I don’t know any S &R indicator or coce that is able to compute S & R levels automatically.
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