Candle Keylevels

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Candle Keylevels

Postby arfs9090 » Mon Jul 22, 2019 2:26 am

Hi Apprentice,

The idea of self-updating candle Key level would be something that you would able to code as an indicator. Would work using the up and down swings from zigzag, would have 6 lines 3 for support and 3 for resistance (with colour options and price tags & alerts and labelled Current, TP 1 and TP2 and use different line options. This would self-update on the close of the candle need labels as the (current key level could show 1st signs of take profit or reversal)

As Support & Resistance key levels are calculated differently the resistance is from a ASK price so if price is below and touches would alert on an ASK price and if above on a BID price. The support is on a ASK price so if price is above and touches would alert on a BID price and if below on an ASK price. This would depend on the close of the current key level if a take profit or entry, The Alerts would pop up immediately and show buy or sell and the timeframe the key level was on

In a downtrend the key levels taken from previous outer highs uptrend using the BID price so if price closed below then this key level then this would be current and would have 2 more key levels below this current key level potential Take profits
In an uptrend, the key levels taken from previous outer lows downtrend using ASK price so if price closed above then this key level then this would be current and would have 2 more key levels above this current key level potential Take profits
Thanks Arf


Keylevels.png

In the screen shot above says would auto delete, now changed to having x3 levels each for the support x3 levels for resistance and self-update on close of candle through a key level auto deleting as moves to new level
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Re: Candle Keylevels

Postby Apprentice » Tue Jul 23, 2019 5:06 am

I don't understand how these support/resistance levels should be calculated?
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Re: Candle Keylevels

Postby arfs9090 » Tue Jul 23, 2019 6:05 am

Apprentice wrote:I don't understand how these support/resistance levels should be calculated?


The Key levels to be taken from the incoming zigzag swing, so for instance if price was going down and a new zigzag was created going up key levels would be the outer low on the down zigzag swing and vice versa so if price closed above an outer low that would be the current key level and x2 more outer low above would be drawn hope this explanation helps
Arf


key level 23.7.19.png
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Re: Candle Keylevels

Postby arfs9090 » Tue Jul 23, 2019 8:43 am

Hi sorry never understood your response, not really sure how the key levels are to be calculated was hopping that you and the team would have some ideas? Is it possible to show the last candle closed through on a higher timeframe and use a lower timeframe if price reversed on the lower timeframe could this work?
Arf
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Re: Candle Keylevels

Postby Apprentice » Fri Aug 23, 2019 5:30 am

I still have no idea how to calculate them as well.
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Re: Candle Keylevels

Postby arfs9090 » Sun Sep 01, 2019 11:09 am

Hi Apprentice & Team,
Is it possible to calculate the 1st reversal candle on a zigzag to print a horizontal line,
Short reversal 1st buyers candle (bid price) new up ZigZag to be drawn before horizontal can be drawn.
Long reversal 1st sellers candle (ask price) new down ZigZag to drawn before horizontal can be drawn.
Line to be drawn from the candle that data was taken from, with option to extend to end, and option to have historical data possible up to x3/5 up and down swings with line colour options, the indicator would self-update
thanks Arfs

Candle Keylevels.png
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Re: Candle Keylevels

Postby Apprentice » Tue Sep 03, 2019 8:09 am

Your request is added to the development list.
Development reference 36.
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Re: Candle Keylevels

Postby arfs9090 » Tue Sep 10, 2019 8:45 am

Hi Apprentice & Team,
Is there update with this topic
thanks in advance
a
Arfs
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Re: Candle Keylevels

Postby arfs9090 » Fri Sep 20, 2019 2:34 am

Hi Apprentice,
The topic has been given a development reference No 36 I have posted any updates got no response is this topic still on the list? As have seen other topics with higher numbers being completed. Before I posted I did email you and ask if this was able to calculate the candle, if you were able to do this topic .Please can this topic be finished
Arf
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Re: Candle Keylevels

Postby Apprentice » Mon Sep 23, 2019 6:10 am

We have not forgotten this task.
Unfortunately, we didn't have time to finish it.
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