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

Minimum / maximum support resistance zones - indicator for MetaTrader 5

Mladen Rakic

votes: 17
2020.10.31 16:23

This indicator is as simple as it gets :

  • it calculates a series of minimums over a certain period of bars
  • it calculates a series of maximums over a certain period of bars
  • then it uses such a minimum and maximum to get an average minimum to maximum state
  • a combination of multiple such "levels" are showing a "trend" and a possible support or resistance zones


  • Use it as any other support resistance indicator

The best TIMES & DAYS our Strategy Works the best (Improve your Strategy) - MT5 The best TIMES & DAYS our Strategy Works the best (Improve your Strategy) - MT5

For day traders. 2 highly important indicators to turn strategies into extreme winning ones. The Win/Loss ratio and the Reward/Risk ratio will allow us to identify the best times and days our strategy works the best

Mediator - behavioral design pattern Mediator - behavioral design pattern

Define an object that encapsulates how a set of objects interact mediator promotes loose coupling by keeping objects from referring to each other explicitly, and it lets you vary their interaction independently

McGinley dynamic (official) McGinley dynamic (official)

McGinley dynamic (official version - as described by John R. McGinley)

Memento - behavioral design pattern Memento - behavioral design pattern

without violating encapsulation, capture and externalize an object's internal state so that the object can be restored to this state later