Hi,
I got this indicator called TRO_SupresHHLL which can give u a signal of stop loss and take profit whereby it shows u the Support and Resistance signal.
But what is the best setting? mine is as follows:
ShowLabel: True
ShowGauge: false
myUpper: 0.00
myLower: 0.00
myWindow: 0.6
myBars: 34
myShift: 1
myChartY: 1
Horizontal: true
Thanks. And there is 3 arrows pointing upwards on the support line, what does the arrows means? thanks
anybody can help me ?
really desperate for a answer… thanks
Many don’t know how most of TRO’s indicator work…lol
Did you ask him yourself on kreslik.com?
Basically, I think, it shows the high & low bars within the last x number of bars as defined by the myBars setting.
MyShift I think means you can go back in time to check.
I did know what the arrows meant but I’ve forgotten now and was in the Never Lose Again thread which is now deleted. 
Sorry can’t help you more.
thanks for the reply… 
I figure out that out of the 3 arrows, what the 2 arrows is for. One arrows tells u that the next candle would be bull and the other arrow tells u that the next candle would be bear. But i not sure about the 3rd candle, what is it for? Can i based on that to enter my trade? is it accurate?
I use it determine S&R never noticed the arrows there, since the system we are trying depends on reversals, you are looking for it to revere near the S&R level.
so when the price is close to those level you should expect it to reverse or break.
I loaded it onto my charts and this is what the arrows are…
The gray one shows the bar that starts the period in which support and resistance is found as defined by MyBars…so if it says 34, then it points to the 34th bar back and finds the highest and lowest price in that range of bars forward to the previous bar. You can change the period, just like you do with RSI or ADX etc.
The blue arrow shows which bar is the highest (resistance) within that (34) bar range.
The red arrow shows which bar is the lowest (support) within that (34) bar range.
I like to set ShowGauge to true.
MyChartY positions the text around so you can move it if it gets in the way of the price bars.
Hope that helps 
thanks for the reply. By the way, which setting is best for u?
By the way i set the ShowGauge to true and there are a few settings which i not sure…
Resistance:
Go Short:
Go Long:
Support:
RISK:
REWARD:
RATIO:
WINDOW:
I roughly know that Resistance and Support means. But how about Go SHort, Go Long, Risk, Reward, Ratio and Window means?
Go Short means to go Short at that price and Go Long means to go Long at that price? Am i rite? thanks
Yes Resistance is shown with the Red line at the top, and below that is the red go short line. If a price bar closes above it, then set a pending sell order at that line and wait for price to fall and trigger it.
Support is shown by the lower blue line, and the go long is the green line above it. If price is below the go long line, then set a pending buy order at that line and wait for price to rise and trigger it.
Risk is the pip difference between the “go” lines and the S&R lines…they are the same for either. So if you went short at the go short line, you’d put your stop at the resistance line (price). If the risk is more than you want to risk, then don’t trade.
Reward is the difference between the go lines and the opposite S&R. So again if you went short, the reward/take profit is potentially support.
Ratio is the risk/reward comparison…so if your risk is 10 pips, and the reward is 20, then you may gain twice as much as you may lose. if the risk is 20 and reward is 10, then you might not want to trade because support is too close.
Now there are some different versions of this indicator cause mine has some more that your not asking about…phew…lol…but I think Window is like a bufferzone for the go lines and the S&R lines. If I changed mine (which is named MyWindow) to .5, it puts both go lines half way between the S&R lines and only displays 1 line.
I believe they’re suppsed to be based on fib percentages.
Thanks for the prompt reply. For example, based on e below
Resistance: 1.0851
Go Short: 1.0815
Go Long: 1.0796
Support: 1.0760
RISK: 36
REWARD: 55
RATIO: 1.5000
WINDOW: 0.6
I would place a pending sell order for 1.0815 and a pending buy order at 1.0796? but is that signal changing now and then? all throughout the Go Short is 1.0815 and Go Long is 1.0796. But when do i place a pending sell or pending buy order? which one give a signal to go long or short?
And for Risk and Reward, does that means that i have to put a stop loss of 36 pips regardless of long or short order and a 55 pips take profit once i place the order?
and the ratio is 1.5 means that i may gain 1.5 profit?
Still dont quite understand about windows… thanks a lot for e prompt reply
Sorry for the late response…went to bed.
Anyways, as for when to place the pending orders, you do so when price is above or below them respectively.
So for example when price is above the go short line, then you place the pending sell order. You wouldn’t place the pending long order until sometime later when price is below it. One at a time.
Yes the signal may change after each bar completes because if for example, a high or low bar that was 34 bars ago would get dropped because it is no longer within the 34 bars, so then prices of a new high or low bar takes it’s place…it is dynamic. If that happens then you either adjust your pending order or delete it accordingly.
You can put your stop at the high or low. But like I said only if it fits with your money management, it’s just letting you know what that is. You don’t have to if you don’t want to.
Ratio is if the comparison of risk/reward…
"[I]A ratio used by many investors to compare the expected returns of an investment to the amount of risk undertaken to capture these returns. This ratio is calculated mathematically by dividing the amount of profit the trader expects to have made when the position is closed (i.e. the reward) by the amount he or she stands to lose if price moves in the unexpected direction (i.e. the risk). If the trader stands to make double the amount that is risked, it would be said to have a 2:1 risk/reward ratio on that particular trade.
The optimal risk/reward ratio differs widely among trading strategies. Some trial and error is usually required to determine which ratio is best for a given trading strategy. [/I]" (Quoted from Investopedia.com)
Window calculates where the go lines are from the support & resistance lines.
thanks for the prompt reply. then how abt take profit? so does it means i must set the take profit when it gains 55 pips from the example given? thanks
No you don’t have to. If you can see price is in an uptrend, then you’re taking a countertrend trade and you have to think if it’s probable that it will reach it…you might only get a small portion of that.
On the other hand, if price is in a downtrend, then it is more likely to reach that and more.
If it’s in a range, well…take what you can.
thanksa lot for e prompt reply. BUt is it accurate or u can just take reference to it?
by the way, how come the wording is a bit blur? (see attached)… I set the MyChartY as 1…
anybody can help?
btw, i already understand e two arrows, one is to indicate to go short, another indicate to go long… but how about the 3rd arrow? what is it used for? thanks
Where did you get it? It looks like something I may be able to use.
