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One of the best support/resistance indi i ever found


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Another potential good S/R,Pivot. Fib SMA Close/Open/High/Low Indi - TigertronPivotsV

 

Here's a MT4 indicator (TigertronPivotsV1.5.ex4) that i think is more robust. In addition to all the S/R, it has weekly/monthly fibs, yesterdays highs & lows clearly marked, open and closes, along with 20/50 day SMA. Turn on/off all the options in the indi settings. Change the time zone to suit your broker's time, ie., if your broker is GMT, the CalcInTimeZone should be -5. Validate you're getting the right settings by checking via Actionforex.com pivots.

 

Has some quirks like sometimes giving off values on a Sunday because it's it's not a full trading day. Increase the font size by +1 to make the letters more readable on most MT4 screens. Will draw the NY 5pm close bar on your M1/M5/M15/etc - might take it a chart interval to draw it properly in realtime, or you can just go into the indi and toggle/dont change a setting and it will display it properly. Also needs 600 data points from a M1 chart to full function. Search forexfactory.com for more details and the author. (Thread here: http://www.forexfactory.com/showthread.php?t=189541)

 

http://www.megaupload.com/?d=E3J53U9Q

Edited by osijek1289
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