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Detect Support and Resistance

Nebula makin n explainin stuffs answered on June 10, 2023 Popularity 3/10 Helpfulness 1/10

answer Detect Support and Resistance

Detect Support and Resistance

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// Define input parameters
extern int timeframe = PERIOD_H1;  // Variable time scale (default: H1)

// Define support and resistance detection function
void DetectSupportResistance()
{
    int bars = iBars(Symbol(), timeframe);
    double priceBuffer[bars];

    // Retrieve High and Low prices
    for (int i = 0; i < bars; i++)
    {
        priceBuffer[i] = High[i];
        priceBuffer[i + bars] = Low[i];
    }

    // Detect support and resistance levels
    int levels = 5;  // Number of levels to detect (default: 5)
    double supportLevels[levels], resistanceLevels[levels];

    ArraySetAsSeries(priceBuffer, true);
    ArraySetAsSeries(supportLevels, true);
    ArraySetAsSeries(resistanceLevels, true);

    int countedBars = IndicatorCounted();
    int limit = bars - countedBars - 1;

    for (int i = limit; i >= 0; i--)
    {
        int start = i + 1;
        double highestHigh = High[i], lowestLow = Low[i];

        for (int j = start; j < bars; j++)
        {
            if (priceBuffer[j] > highestHigh)
                highestHigh = priceBuffer[j];

            if (priceBuffer[j + bars] < lowestLow)
                lowestLow = priceBuffer[j + bars];
        }

        supportLevels[i] = lowestLow;
        resistanceLevels[i] = highestHigh;
    }

    // Output the detected support and resistance levels
    for (int i = 0; i < levels; i++)
    {
        printf("Support Level %d: %.5f", i + 1, supportLevels[i]);
        printf("Resistance Level %d: %.5f", i + 1, resistanceLevels[i]);
    }
}

// Define the OnTick event handler
void OnTick()
{
    DetectSupportResistance();
}

Popularity 3/10 Helpfulness 1/10 Language javascript

Source: chat.openai.com

Tags: detect java

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Contributed on Jun 10 2023

Nebula makin n explainin stuffs

0 Answers Avg Quality 2/10

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