The indicator displays possible support and resistance lines as colored dots using Fibo levels.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 22.12.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/731
The indicator that reminds of Ichimoku Kinko Hyo by its creation and usage principles.HL Cross Signal for WPR
The HLCrossSig for WPR is considered as a trend indicator, since it is intended for "catching" trends. However, it's a pretty complex and informative indicator that allows excluding the psychological and emotional influence from trading.