I have been trading markets for more than 20 years but in my experience support/resistance is not 1 single point but an area of support/resistance.
But with MA's reversals, if a bullish reversal is at 100 and we close at 100.05 then we have elected it.
Not sure how you guys think about this but when I look in charts for resistance and support than I can see it mostly around certain numbers, not exactly 1 point.
Does anyone know how reversals are calculated?
I see that they are often close to general support and resistance, area's where there has been some action in the past including highs/lows, closings and/or openings.
Not exactly of course because I don't have his code. Read my previous post at
https://bitcointalk.org/index.php?topic=1082909.msg51469252#msg51469252When you get too deep into this you actually forget how to trade and become dependent / victim of this system.
Martin Armstrong is a charlatan, and he spent 11 years in jail for a reason.
Read this blog
starting at page 273 to find out more about computerized fraud.
See
armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.