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2010.04.21 07:56
Indicators

Support and resistance levels - indicator for MetaTrader 4

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Description:

This a bollinger band indicator with an extra deviation level.

If you keep the period at 25 and deviations of 1.0 and 2.0, It will show you all your resistance and support lines. And also overbought and oversold levels.


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Shows you the value of the highest high, the lowest low and the average of both over the last x Bars (to be set in the input tab).

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The indicator alerts at order closing, and reports about its profit.