Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:
1238
Rating:
votes: 14
Published:
2016.06.30 12:34
Updated:
2016.11.22 07:32
ressup.mq5 (13.71 KB)view

The indicator displays a symbol price momentum. Pink and green lines are displayed on a chart indicating a market entry direction. Sell if the price breaks through the lower line and buy if it pierces the upper one. The indicator works best on H1 and higher. Support/resistance lines are calculated as local extreme values per the number of bars defined by iPeriod input parameter.

input uint  iPeriod=24;                     //price extremums searching period

The countdown for searching extreme values starts from the bar set in SignalBar.

input uint SignalBar=1;                     //bar index for searching extremums


Fig.1. ResSup

Fig.1. ResSup

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15265

Elliott_Wave_Oscillator_Sign Elliott_Wave_Oscillator_Sign

Semaphore signal indicator based on the Elliott_Wave_Oscillator indicator algorithm.

Exp_Elliott_Wave_Oscillator Exp_Elliott_Wave_Oscillator

Trading system based on Elliott_Wave_Oscillator indicator signals.

ResSupFibo ResSupFibo

The indicator displays a price momentum for a symbol accompanied by Fibo retracement markup.

AML_StDev_HTF AML_StDev_HTF

AML_StDev indicator with the timeframe selection option available in input parameters.