Lines for MT4

Do you need to check support and resistance lines?

Do you need to find them really fast and automatically?

Do you want to set your own settings how to find them?

Indicator Lines is developed for finding support and resistance lines on chart. It does its job quickly and fully automatically.

Main principle of algorithm is to get all extremes on chart (according to "Density" parameter). Then indicator tries to find minimally 3 points (according to "Minimal count of points" parameter) which can be used for calculation of support or resistance line. Finally there is applied linear regression for construction of lines.


Parameters

  • Density - how much in details to search in extremes. Bigger number means less details, smaller number means more details. Base unit is 1 bar on the chart.
  • History - how far to go in history while searching. When you set -1, the indicator processes all bars from history. Base unit is 1 bar on the chart.
  • Range - how far search support and resistance lines from given extreme. Base unit is 1 bar on the chart.
  • Minimal count of points - how many extremes is used for construction of lines.
  • Maximal deviation - Difference between perfect line and real line. Base unit is %.
  • Color, width, style of lines
  • Prolong lines to future - great feature for checking breaking lines in future
  • Show points of lines - if you want to see how the lines are constructed
  • Color of points
  • Your own prefix for object - in case you want to attach more Lines on same chart

Final line is constructed as linear regression from all found points.

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Market makers' tool. Meravith will: Analyze all timeframes and display the current trend in force. Highlight liquidity zones (volume equilibrium) where bullish and bearish volumes are equal. Display all liquidity levels across different timeframes directly on your chart. Generate and present text-based market analysis for your reference. Calculate targets, support levels, and stop-loss points based on the current trend. Compute the risk/reward ratio for your trades. Determine position size accor
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Stochastic Z Score MT4 Scanner
Duc Hoan Nguyen
Indicators
Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Stochastic Z-Score is a momentum oscillator that normalizes price with a Z-Score, bounds it via stochastic logic, and smooths it with HMA, with ALMA for long-term context. Optional elements include a histogram, dynamic bands, and reversal labels. See more MT5 version at:  Stochastic Z S
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Indicators
The AW Candle Patterns indicator is a combination of an advanced trend indicator combined with a powerful candle pattern scanner. It is a useful tool for recognizing and highlighting the thirty most reliable candlestick patterns. In addition, it is a current trend analyzer based on colored bars with a   plug-in multi-timeframe trend panel that can be resized and positioned. A unique ability to adjust the display of patterns depending on the trend filtering. Advantages: Easily identifies candle p
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