- Advanced Support Resistance And Trendlines Aflevering
- Cached
- Major Support Resistance Trend Line - Afl Code
Advanced Support Resistance And Trendlines Aflevering
The wedge pattern consists of two trend lines that are drawn to connect important data points (highs and lows) on a chart. These two trend lines converge to create a structure that resembles a wedge. Converging trend lines act as support and resistance lines. The narrower the space between these two, the higher the likelihood of a breakout. Support & Resistance with trend lines & horizontals. Support and resistance play an important role in successful trading. These levels indicate at what moment the price of a share or Forex pair is likely to move in the opposite direction. You can use these levels to find a good time to open a trade or investment. This AFL is semi-automatic in the sense because you have to set the support, resistance, and trend lines. After you learn how this AFL works, you can go to more advanced coding to automate your price action trading, but it is not easy. However, in this tutorial, I am showing only the basics. I suggest that you automate support and resistance levels in your AFL. Also, you have to have a good strategy.
Cached
Major Support Resistance Trend Line - Afl Code
Trend Lines are one of the most useful tool in identifying areas of Supports & Resistance. It takes time to learn in plotting Trend lines in a more professional way.
This AFL code helps a lot in marking important trend lines. New users can benefit a lot in learning the process of marking and plotting trend lines with the help of this AFL.
Copy the Code from the below Code Box. You may refer to the image below the code box to look how the Trend lines plotted by this AFL look on the price chart.
There is a substantial risk of loss associated with trading in Stock Markets. Losses can and
will occur. No responsibility for loss occurred to any person acting or refraining to act as a result
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