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Indicators

Daily range - indicator for MetaTrader 4

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24181
Rating:
(4)
Published:
2008.11.11 08:43
Updated:
2014.04.21 14:53
Daily_range.mq4 (3.29 KB) view
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Author: mishanya



Forecasting of price daily ranges. This indicator shows the resistance and support levels of the current day, the levels are forecasted on the basis of the price levels of the previous day. You can find the calculation formulas in Thomas Demark's book: "The New Science of Technical Analysis".




Eugene Eugene

The minimums and maximums of the previous day are used. I'm sorry that I wrote it without comments.

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