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https://www.forexfactory.com/showthread.php?t=261327
Sep 25, 2014 · i was developt an EA based on support n resistance... if there is an open buy or sell... 1. make a support n resistance area 50pips above n below the open price... 2. open 2 pending order ont the support n resistance... 3. if one of the pending order done, it make a new support n resistance …
https://www.forex.com/en-us/education/education-themes/technical-analysis/support-and-resistance/
Support and Resistance Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change direction, and begin to fall.
https://www.tradingsystemforex.com/ideas-for-expert-advisors/10412-support-and-resistance-ea.html
Jun 04, 2014 · I too am using this indicator with a few others and it does quite well however, I have no idea what these scissors mean. I have seen in the one minute chart where a support or resistance line is beginning to form but then turns into the scissors with a new bar as if the indicator changed its mind.
https://forexmt4ea.com/support-resistance-indicator-mt4/
Nov 16, 2013 · Support Resistance Indicator for Meta Trader 4 / MT4 will help you draw lines which are rally critical in Forex. They are called Support and Resistance. With support and resistance lines Price can stop, reverse, consolidate or continue.
https://www.babypips.com/learn/forex/candlestick_with_support_and_resistance
Because support and resistance levels determine areas where buyers and sellers have set up their defenses, looking at how candlesticks react to them will help you greatly in predicting where price will head next. Here’s a real forex world example: In this scenario, you can see that there is resistance around the 1.4900 level.
https://quivofx.com/expert-advisor/big-breakout-ea/
The Big Breakout EA trades the support and resistance of many different indicators like ZigZag or Fractals or the high/low of a certain range of candles. The EA only uses pending orders. Trade logic of this Expert Advisor This Breakout EA trades all the strategies listed below.3.9/5(314)
https://www.babypips.com/learn/forex/support-and-resistance
Other interesting tidbits about forex support and resistance: When the price passes through resistance, that resistance could potentially become support. The more often price tests a level of resistance or support without breaking it, the stronger the area of resistance or support is.
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