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2014.04.15 16:43
Indicators

NxBreakout - indicator for MetaTrader 5

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nxbreakout.mq5 (7.87 KB)view

Real author:

Bill Sica

The indicator draws support and resistance lines, which are defined by the maximum and minimum for the last N bars.

Indicator input parameters:

//+----------------------------------------------+
//| Indicator input parameters                   |
//+----------------------------------------------+
input ENUM_TIMEFRAMES TimeFrame=PERIOD_D1; // Chart period
input uint  StartBar=1;                    // Start bar for analysis
input uint  HowManyBars=5;                 // Number of bars for analysis
//---
input color  Color_R=clrMediumSeaGreen;    // Color of resistance level
input STYLE  Style_R=SOLID_;               // Line style of the resistance level
input Width  Width_R=Width_2;              // Line width of the resistance level
//---
input color  Color_S=clrRed;               // Color of the support level
input STYLE  Style_S=SOLID_;               // Line style of the support level
input Width  Width_S=Width_2;              // Line width of the support level

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 25.09.2007.

Figure 1. The NxBreakout indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2211

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