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ThreeLineBreak on Chart S/R - indicator for MetaTrader 4

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votes: 4
2008.11.08 09:54
2014.04.21 14:53

Blue lines are support levels, Red ones are resistance levels.

The dashed lines are candidates.

The amount of considered lines on a break through is regulated by LB paramter of the indicator.

Translated from Russian by MetaQuotes Software Corp.
Original code:

VKW Bands modify VKW Bands modify

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EA that opens a trade when a candlestick closes out of the specified level on a break through. An update to the graphical treminal. But the help in code further development is necessary.