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eli's indi -
https://www.mql5.com/en/code/8036
yeapp, from here:
https://www.mql5.com/en/forum/173574/page10 Eli 05-24-2006, 06:51, mtf ind. thread, post142
KG_Support_and_Resistance.mq4 , mtf
KG_Support_and_Resistance.mq4 is great but how to have it extend those lines forever not only where new S or R has formed?
Support Resistance
Try this Support Resistance based on HIGH/LOW
thin lines are for minor s/r
fat lines are for major s/r
KG_Support_and_Resistance.mq4 , mtf
thank's
this is a great indicator
Please take a look and tell me how to improve this EA
Hi ArshadFX
I was exactly looking for an support resistance EA. I got pretty good results with the EA, but I do not understand all settings. Could you provide a short eplanation of the features like ExtDepth etc?
I am using a similar strategy, based on break outs, basically before the london session and it seems to be more profitable to use a partial close strategy (opening 2 lots and close 1. lot after 1. TP and break even).
Additionally, a trailing function for the second lot could also further improve performance.
Another feature of the EA I use is double breakout. Here the break occurs on the second break after a defined retracement. The EA is comercial, called Belov, so I cannot provide the MQ4 file.
Another important feature is the trend. A trend feature eg through moving average etc will improve the sucess rate.
I am running the strategy on 5 pairs semi-automatic and obtained a 20% increase in 12 days.
Maybe the EA can be further improved by using fratals support resistence.
I included the indicator.
Cheers,
Heiko
KG_Support_and_Resistance.mq4 is great but how to have it extend those lines forever not only where new S or R has formed?
Yes thats my thoughts as well. I want simple lines to go across the entire screen like a ray. Can anyone modify it pls? Actually the MTF S/R with simple horizontal lines would be superb.
thanks alot for these indictors.
Thanks for sharing these indis. After taking a look, I like the MTF SR Barry plotted in the daily timeframe (1440) to see fewer but more significant lines.