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

2014.04.18 16:19
Indicators

i-DRProjections - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
2340
Rating:
votes: 19

Real author:

Kim Igor V. aka KimIV

The indicator predicts daily price ranges and draws them as filled rectangles.

This indicator shows the current day support and resistance levels forecast on the bases of the previous day price levels. The formula for calculating the levels are described in Thomas Demark's The New Science of Technical Analysis.

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 24.09.2007.

Figure 1. Indicator i-DRProjections

Figure 1. Indicator i-DRProjections

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2218

BackgroundCandle_ColorStepXCCX_HTF BackgroundCandle_ColorStepXCCX_HTF

The indicator draws candlesticks of a larger timeframe as color filled rectangles. Rectangles are color filled in accordance with the values of the ColorStepXCCX indicator.

i-DayOfWeek i-DayOfWeek

The indicator uses colored rectangles to paint the price range of the weekday selected in the indicator settings.

i-sig i-sig

A semaphore signal indicator that analyzes the last five bars.

Exp_ColorJJRSX Exp_ColorJJRSX

This trading system uses the ColorJJRSX oscillator.