Such signals are extremely clear and simple, which makes it possible to successfully apply the described algorithm not only to experienced speculators, but also to beginners who do not have any trading experience.
The HQ Support Resistance TT indicator boasts a fairly high level of versatility, since the signals it generates maintain an acceptable level of accuracy on almost any currency pair and time intervals.
To download the HQ Support Resistance TT indicator, use the link that you can see below.
Download HQ Support Resistance TT indicator
HQ Support Resistance TT indicator. Optimization
The installation procedure for the considered algorithm is simple. You don’t need any experience or skills to complete this task. After starting the algorithm in question, a window with its parameters will appear in front of you.
The described algorithm has the following parameters:
- “For”. This parameter is responsible for what kind of assets the described algorithm will generate signals for.
- “History”. In this field, you can specify the number of bars that the described algorithm will be guided by during the execution of all the necessary calculations.
- “Sup-Rez-price”. This parameter is responsible for the type of price level that the considered algorithm will apply when performing all the necessary calculations.
- “Bar-Filter”. In this field, you can configure a filter built into the described algorithm that will filter out erroneous signals.
Despite the fact that the described algorithm has a significantly large number of tunable parameters, for its successful application it is sufficient to optimize only those mentioned above.
Using the described algorithm to make money on the foreign exchange market is as simple as possible. You need to transfer the HQ Support Resistance TT indicator to the chart of the selected asset and optimize it. Next, you need to wait for the next signal to appear and create a position in the desired direction.
As soon as a yellow star appears above the price level, you need to wait for the appearance of a downward red arrow and create a sell position. This trade should be closed after the blue star appears.
At the moment when a blue star appears under the price level, you need to wait for the upward white arrow to appear on the trading chart, at which time you need to create a buy position. This trade must be closed after a yellow asterisk appears near the price level. It is recommended to use this algorithm in conjunction with additional algorithms that will act as a filter.
To learn how to correctly optimize and apply the algorithm in question, use a demo account. Only after accumulating the required amount of experience and skills can you start trading with real funds.