Recognizing price levels

[YOSEF]

can a ea detect historic important price levels?

[miro1360]

yes, EA can this, but better to use custom indicator ..... you can check on forexfactory on this: http://www.forexfactory.com/showthread.php?t=596821 ... it is enough for detecting this levels, best I have ever seen, but I dont know logic how it is made, so you can only use it as is

[ndt113]

@miro1360 @YOSEF

I'm guessing the logic is that it takes the pivot from the monthly charts, the weekly charts, and the daily charts and counts how many times price floated around those pivots. Just a guess.