Hani angle support and resistance

2023년 5월 10일

By examining the intersections of the average price in the past, this indicator identifies points as support and resistance, according to which it determines a diagonal line to the last average price in the future.
As you can see in the picture, these points are more important than floors and ceilings, and they can be cited more
According to the 360-period cycles of the market, it has the best performance
In this indicator, there are two lines that show the average price in different periods.
Ingulf candles and the pattern of three return candles are used for the signal
In the scalp model, the pattern of three consecutive candles and one engulfing candle is used
In the model of circles, Engulfing candle is also used according to algo
By default, this stop loss calculation is twice the size of the signal candle, which you can change according to the type of transaction.
Enter the amount of your balance and change the amount of contract size according to the currency
For example, the contract size is Bitcoin (1) and the contract size is EURUSD (100,000) and XAUUSD (100) and enter the amount of risk in each transaction.
At the time of the signal, you will see the exact size required to enter the transaction (not including the commission, because each exchange has a different commission and a different spread).
For a better view of the market, you can pay special attention to the distance and angle of the two lines.
Support and resistance lines are continuously displayed for 500 candles to be considered in the future of the market
This indicator requires basic knowledge of candlestick and it is better for the trader to make the final decision according to the market situation. However, an alarm has also been set that sends the stop loss amount for use in the web hook.
The price at the moment of the signal is also alarmed for comparison so that the signal can be compared at the time of the alarm.
The size of the ATR band is used to measure the wave if the waves are large enough to send cleaner signals.
The green label: distance between the last intersection and the average price.
The yellow label: distance between two periods of the average price
White label: lot size to enter the market
pink label: ATR size

2023년 5월 11일

릴리즈 노트

Fixed the bug related to rewriting the size of the transaction entry
Actually, after each candle is closed, the size of entering the position should be changed and the size should be relative to the last closed candle, which fixed the bug.

2023년 5월 13일

릴리즈 노트

"Added entry size to trade in alert. This version is completely ready for a negotiation robot, and you can easily use its alerts with the entry point and the volume of SL through WebHook. At the time of the alert, all the necessary information will be sent to you so that you can take exactly the amount of risk you have determined. If you are interested in using the calculation model and alarms on all kinds of currencies, leave a comment here, and I will prepare a separate indicator for you, just for the lots and stop-loss. If the number of requests reaches more than twenty people, I will prepare this code for you so that you can automatically enter the size of the transaction, risk, and stop loss on most markets.

Small update for timely alert: Added a standby alert. After changing the downward trend to uptrend or uptrend to downtrend, in the lines, wait for a small opening of the angle between the lines and then the first encounter with the lines will be a very good entry point. Note that consider the first collision with the top line and the second collision with the second line. The reason for this is small SL and large TP because in this case your distance from the possibility of change is very small, and even if the market does not move towards you, you can quickly enter a new position.

I added this alarm so that when the change of direction happens you can be behind of the chart at that time. Of course, this is for low time frame. I have tried this method in 15 to 30 seconds in EURUSD and I recommend it. Also, you should make other confirmation off to not be confused.

This is just a friendly suggestion and not an encouragement or obligation and you should enter the trade according to your knowledge of the chart. Also basic knowledge of candlestick is very important.

This indicator will actually make your work a little easier to say goodbye to old moving average and get to know linear peaks that are a little more realistic."

2023년 5월 16일

릴리즈 노트

Added an option to calculate the stop loss and the minimum value to calculate the minimum size of the stop loss (this number should be the distance of the entry point to the stop loss)

2023년 5월 23일

릴리즈 노트

Removing some plots that caused confusion

2023년 5월 30일

릴리즈 노트

update to binary

5월 25일

릴리즈 노트

update to can use webhook

8월 24일

릴리즈 노트

Indicator Update Announcement

I am excited to announce several updates to enhance your experience with this indicator:

Two Input Modes: I’ve introduced two input models—one for the old and one for the new.
Streamlined Plots: Removed unnecessary plots for a cleaner and more focused display.
Elimination of Redundant Prints: Repeated outputs have been eliminated for improved efficiency.
Enhanced Calculation Accuracy: Precision in calculations has been significantly increased.
Repainting Issue Resolved: Fixed the repainting issue to ensure more reliable signals.
Recommendations:

For best results, we suggest using this indicator on higher timeframes to account for commission and spread.