EA opens trades from support and resistance levels (trendline — element from a toolbar) which were set by a trader. The direction is selected by the arrows, graphically.
Two options are available:
Levels have different colors, according to their angle. Level is “off” if inappropriate arrows were set. In this case level is thin. If you want to make a horizontal level, move its second handle to the left from the first handle.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14138
Fibonacci indicator drawing levels on previous day.Candle SnR
Indicator S&R based on OHCL candles.