R/S indicator or EA sought
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Hello
Im looking for an MT4 indicator or EA, which draws resistance or support based on candle formation/price action, on the chart
Also, looking for:
1. a userdefined timezone convertor indicator for mt4. This would save everyone having to convert in their head, the difference between their local time and the time of the mt4 broker server they use
2. a range bar indicator. Range bars are not dependent on time but on depth of price action
eg. if the user sets the range bar to be 10, then after every 10 pip, a new candlestick bar is created. The length of time taken to create the bar doesnt matter. So if eurusd moved up from 100, to 110 in 1minute, then one candlestick bar would be completed. If eurusd moved up from 100, to 110 in 5 hours, then again only one candlestick bar would be completed.
Explanation of range bars here:
Range Bars