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Indicators: NxBreakout

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Automated-Trading 2014.04.15 16:43 

NxBreakout:

The indicator draws support and resistance lines, which are defined by the maximum and minimum for the last N bars.

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 25.09.2007.

Figure 1. The NxBreakout indicator

Author: Nikolay Kositsin

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