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Resistance
and
Support
Basically Tops and Bottoms
and the number of periods from top to bottoms
example
top one 5 bottom 4 recent past top 4 bottom 3 third past top 2 bottom 1
5-4 = 1 4-3=1 2-1= 1
5 periods 8 periods 5periods
(1+1+1) /3=1 average price cycle
(5+8+5) /3= 6 period average time cycle
now the average time cycle is the periods from top to bottom in each top and bottom cycle.... I want an indicator showing this relation... can anyone help? Thanks.
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