CodeBaseSections
Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Indicators

Support and Resistance Indicator - indicator for MetaTrader 4

Peter Mueller
Views:
32672
Rating:
(25)
Published:
2023.01.26 15:54
Updated:
2023.10.19 18:04
Box.mq4 (6.88 KB) view
Download as ZIP, How to download code from MetaEditor
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The main idea behind it is to search for support and resistance levels,becouse I could not fint any similar indicator. The support and resistance functions do exactly that. When calculating if both support and resistance levels exist, the indicator sdisplays them on the chrt and save their value, so that if the next price is between them, they will remain the same.

There are 2 input parameters : Period and overlook. The indicator searches for the highest and lowest price for which it is true that it is the highest/lowest in the last (period) bars and also the highest/lowest in the period+overlook bars. If it finds both a highest and a lowest value it displays it on the chart.

The i parameter running in the OnCalculate function should always run from period+overlook.

The indicator does not use any include files. I recommend the settings: period: 20, overlook : 10.

  


Wilder's Relative Strength Index Wilder's Relative Strength Index

An implementation of the Relative Strength Index indicator by John Welles Wilder Jr. as described in his book—New Concepts in Technical Trading Systems [1978].

Wilder's Average True Range (ATR) Wilder's Average True Range (ATR)

An implementation of the original Average True Range indicator by John Welles Wilder Jr. as described in his book—New Concepts in Technical Trading Systems [1978].

GridTrading Algorithm at volatile market GridTrading Algorithm at volatile market

This EA can do Grid trading and has useful functions for Gridtrading included

period_converter_All_kai period_converter_All_kai

Convert historical data from M1 to M1, M5, M15, M30, H1, H4, D1, W1 and MN, specifying the start date.