Signal and resistance/support dinamyc lines

 

May you help me to translate this indicator in Metatrader4 Language?

a1:=(hhv(pr,tpr)+llv(pr,tpr)+pr)/3;

b:=(a1*2)-hhv(pr,tpr);

mab:=mov(b,tpr,s);

c1:=(a1*2)-llv(pr,tpr);

mac1:=mov(c1,tpr,s);

a:=(hhv(pr,tpr/2)+llv(pr,tpr/2)+pr)/3;

maa:=mov(a,tpr/2,s);

d:=(b+c1+a)/3;

mad:=mov(d,tpr,s).

hhv= max period value (the highest value of close in the time period chosen)

llv= min period value (the lowest value of close in the time period chosen)

pr=close price

tpr=time period (from 1 to whatever you want)

mov= moving average.

This indicator is very useful to me because, if set up with right period, it gives good signal.

Also if you set it up with cycle period (multiplied 2 or 4), it gives good resistance and support.

Thanks

Lucmat

Thanks.

This forum is great......

Lucmat

Files:
 

Here is a screenshoot....

Somene can help me?

Lucmat

Files:
Immagine.gif  55 kb
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