Make for MT4?
There are plenty of MT4 grid lines. Just search this https://www.mql5.com/en/search#!keyword=grid%20lines&module=mql5_module_codebase
I understand that the lines are drawn based on the current price. As an addition to the markup with a different approach, I have long written and use a script that makes a static markup, but the lines are built with reference to values like 1.4900 1.4925 1.4950, etc. I noticed that near such round values the price tends to linger and "dance". Of course, everything is adjustable, pitch, colour, etc.
The script is free, so this is not an advertisement. I hope the author won't be offended by the link, it's as an addition to his labour and for the common good ))
https://www.mql5.com/en/market/product/4812#!tab=stat

- reviews: 1
- 2014.07.09
- Alexey Volchanskiy
- www.mql5.com
is it possible to use several instances of the indicator for different levels? ie. at 100, 250, 500, etc.?
thanks
see here: https://www.mql5.com/en/charts/6289065/xauusd-h1-exness-ltd

- www.mql5.com
There is problem in the code. It redraws level and changes daily.
Vert bad results.

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Horizontal GridLines:
Creates horizontal grid lines on the current chart for price action analysis.
Author: Mansukh Patidar