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An indicator of support and resistance levels - indicator for MetaTrader 4

Igor Kim | English Русский 中文 Español Deutsch 日本語 Português

votes: 14
2008.06.29 09:38
2014.04.21 14:52
1.gif (6.84 KB)

An indicator of support and resistance levels.

The levels themselves are not calculated, as for example the pivot ones, but are read from the text file of a specific format.

It is necessary to create an individual file "Levels_RS_<symbol name>.csv" for every instrument.

The fomat of the file involves the differnce of strong levels that are displayed on the chart with the thickened lines. I used this indicator to display the levels, that are published by Teletrade, on the chart.

Translated from Russian by MetaQuotes Software Corp.
Original code:

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