The standard linear regression channel and support/resistance levels. If you anchor the beginning of a channel to the price maximum, the channel will be redrawn at each new price minimum. If the minimum is not refreshed within five bars, the indicator will draw a price label that will represent a strong support level after the channel has been broken through. Vice versa, for an up-channel.
The first picture shows channel anchoring, the second one shows price level processing.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8144
Indicator Price and Volume Trend (PVT), like On Balance Volume (OBV), represents the cumulative sum of trade volumes calculated considering close price changes.MacdPatternTraderv01. +300 points monthly
A 4-hour MACD FOREX strategy