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DailyRange - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
votes: 18
2012.02.09 09:17
2016.11.22 07:32
dailyrange.mq5 (6.86 KB)view

Real author:


The indicator calculates forecast prices of the daily price range. It shows resistance and support levels of current day using the prices of the previous day. The formulae for calculation of price levels can be found in "The New Science of Technical Analysis" book by Thomas R. DeMark.

The indicator was first implemented in MQL4 and published in CodeBase at 11.11.2008.

DailyRange indicator

DailyRange indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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