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Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

sal, Mon Apr 26, 2021 10:43 pm

Ogee wrote: Tue Apr 13, 2021 8:26 pm Hi, I think, if memory serves, it stands for Trend Line Break On Close. So uses the candle close not the high/low on a break of S/R for which ever time frame it's referring to.
this indicator what name called its S/R line . This line i try as pull back position and its effective.
i did M1 chart and use M1 s/r LINES
steps as here

1. Bar breakout S/R line
2. pull back bar and hits S/R line and not cross the close price
3. use BB 20/2 at OB/OS
4. use Stoch 14/3/3 and cross at OB/OS
note:_ safe to check the between PULL BACK POSITION dont have any price bar cross S/R line
see snap
1min to 5 min expiry limit for BINARY OPTION
test in DEMO :) enjoy
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