I would like to have an automated line, updating 20 pips below the highest high, and if broken, 20 pips above lowest low.....
Very simple support resistance...
Would also like to color that green when calculating from highest high, and red whenever calculated from lowest low.
Idea is to give retraces, and buy or sell on them.
Maybe an ATR trailing modicfication will do the trick?
Anyone can get me on track?
Thanks anyway,
John Fonteyne
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