EXPERIMENTAL: WARNING: this strategy repaints after reloading and results are heavily curve fitted, use at your own discretion. UPDATE: (AleksanderThor) add option for a 2nd target, to use you need to activate pyramiding with a setting of 1 manually (not possible to change programatically) .
EXPERIMENTAL: Request for: MarxBabu changed gap detection method. added previous close line
EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p (JeanLouisHardy) added option for bar count system, also added a donchian average.
EXPERIMENTAL: Fibonacci rate levels based on price advance/decline, can be used to make visualizations of fib clusters or for cycles.
Support and Resistance using donchian channels to validate tops/bottoms (note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel) combo with other systems:
EXPERIMENTAL:MML using a absolute deviation average oscilator, i think this gives better results then donchian channels. color scheme for the bar color was ripped from UCS's MML oscilator :p thx.
EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p
EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
EXPERIMENTAL: update, added lvl 50 rsi median level.
EXPERIMENTAL: updated to use security() function and code cleanup.
EXPERIMENTAL: update to previous version, added a average of the fractal levels and the ability to hide the diferent components.
EXPERIMENTAL: median pivots calculated from open to extremes. original idea from Ivan Labrie.
EXPERIMENTAL: fixed some issues, found some more. doesnt work on unconventional resolutions ex:. 240minutes.
EXPERIMENTAL: theres some issues, like not being able to read sidney's open bar on the start of the week, so use this cautiously :p
Cheap horizontal levels on chart idea is: When spread is low and volume is high, then price is well accepted and will be retested in future. Areas without such "market efficiency" will be passed fast without stopping or rejected.