Hello forum, good day.
How can the lowest/highest point in each of the previous wave of a Moving average be detected counting from the current bar in MQL4? In other words, it would be like getting the support and resistance levels of a Moving Average instead of getting them from the price levels of the bars/candles.
Your help will be much appreciated.
Best regards and thank you in advance,
codeMolecules
Hello forum, good day.
How can the lowest/highest point in each of the previous wave of a Moving average be detected counting from the current bar in MQL4? In other words, it would be like getting the support and resistance levels of a Moving Average instead of getting them from the price levels of the bars/candles.
Your help will be much appreciated.
Best regards and thank you in advance,
codeMolecules
You have to walk the value of MA in the previous n candles and stored in two variables, comparing, highest value and lowest
Hello josemiguel1812, good day.
I think that the following code only gets one support and one resistance:
int bars_count = 100; double MA_Lowest = 0, MA_Highest = 0; for ( int i = 0; i < bars_count; i++ ) { double MA = iMA( NULL, 0, MA_Period, 0, MA_Method, MA_Price, i ); if ( MA_Lowest == 0 || MA < MA_Lowest ) MA_Lowest = MA; if ( MA_Highest == 0 || MA > MA_Highest ) MA_Highest = MA; }
What I need is to get the lowest and highest value of each wave (3 waves for example); would it be better to store the values inside an Array and then retrieve the highest and lowest values? Your help will be much appreciated.
Best regards,
codeMolecules
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Hello forum, good day.
How can the lowest/highest point in each of the previous wave of a Moving average be detected counting from the current bar in MQL4? In other words, it would be like getting the support and resistance levels of a Moving Average instead of getting them from the price levels of the bars/candles.
Your help will be much appreciated.
Best regards and thank you in advance,
codeMolecules