NexusFi: Find Your Edge


Home Menu

 





evaluate Support/Resistance through momentum indicators?


Discussion in Traders Hideout

Updated
    1. trending_up 2,996 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
bgeorge
Thessaloniki
 
Posts: 29 since Jun 2010
Thanks Given: 4
Thanks Received: 8

Hi

I am trying to evaluate the Price Action around a Support/Resistance line. For example:

1) After touching a support line, price shoots up. Then the Support line gets high marks.
2) If price drops and stalls for several bars, before penetrating the line, it still holds some value as future Resistance. Whereas if it provided 0 support, if price did not slow down at all, the line is invalidated.
3) If price drops rapidly and then slows down a little before penetrating the support line with a big down candle, it still shows there was a lot of buying in the area.

I am thinking of using momentum indicators, maybe cross of fast over slower indicators. I did some tests, they looked promissing but did not cover all cases.

I don't have much experience with indicators. So, what do you guys think? Could you recommend some indicators to try out for this purpose?


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Trump Media to sell instant access to market-moving soci …
Traders Hideout
Daytrading to swingtrading
Traders Hideout
Without Pulisic, USA 61.5% Live vs. Australia -- France …
Prediction Markets & Event Contracts
Would a node-based workflow for automated trading be useful?
Traders Hideout
Datafeed for Atas
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Want your NinjaTrader indicator created, free?
5 thanks
Afternoon-close session
1 thanks
Converting NT7 indicators to NT8 for free
1 thanks
FootPrintV2 Chart for NT8
1 thanks
BERN ALGOS algo trading journal
1 thanks




Last Updated on May 3, 2015


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts