TRO Dynamic Fibs SR - ENHANCEMENT



I added enhancements to TRO_DYNAMIC_FIBSSR.

The iPlotTrade input, when = TRUE, will place a white dot behind the dynamic support/resistance dots. This is your TRADE ENTRY TRIGGER!

Notice how many winners and the amount you could have made per share. Lots of "MILK" in that RIMM cow!!

I added stop and entry "+" plots.

Yellow "+" are the stops.

Cyan "+" long entry.

Magenta "+" short entry.

There are inputs to turn on/off the fib dots and the trade dots.

Remember this indicator is DYNAMIC meaning, you'll see "+"s display and then disappear.

Example, if you see a cyan "+" for a long entry and then the price hits dynamic resistance then the cyan "+" will disappear because it's now time to consider a long exit and wait for a short entry.

I noticed a pattern on the 5 minute charts of AAPL and RIMM. Usually a green candle is followed a green candle after hitting dynamic support and usually a red candle is followed by a red candle of hitting dynamic resistance.

If you notice RIMM, you can sometimes take $1 or more per share!

DON'T BE GREEDY!


ELD attached.

[shrike]

thanks for sharing your indicator