faust Posted November 16, 2010 Report Posted November 16, 2010 I m looking for an indicator that can put levels on the chart above and bellow Daily Open Line. In my opinion, Price go in one direction with the goal to take a level. I think if I can see the levels on the chart will be more easy to back-test the idea. I think Daily open it s important like other levels that can show the direction. Daily MA 8 13 21 89 233 , Pivot points with R1 R2 S1 S2 and round numbers. I think the price go from Daily Open on Fibo levels in Pips. 13 21 34 55 89 pips from daily open. Now It s not hard to put lines manually but for back testing it s not efficient. The type of levels can be many, that why if the indy has the option to change the levels from his properties 8 targets and open hour) will be great.
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