Market / MetaTrader 4 / Indicators /

Supports and Resistances

50 USD

Demo downloaded: 116

Published: 26 August 2018

Current version: 3.0

Supports and Resistances

Indicators
Andrea Ferrari
Andrea Ferrari
CEO at BacktestMarket.com

Italy

625
5 (1)
I have been studying economics and statistical behaviors since I was 18. During the last year I met Cesare, a really good trader and a friend. We started working hard and by studying MQL4 programming finally came up to a strong statistical strategy.

2 products 3 topics 3 comments
Version: 3.0
Activations: 5

Supports & Resistances is an indicator that draws and reads automatically support and resistance levels like trendlines and fibonacci retracements to identify the most likely areas where the market will bounce. It mainly generates several horizontal and diagonal lines based on past highs and lows.

The strenght: Reading on the code the supports and resistances areas permits to use the indicator in the Expert Advisor.

The risk: Too many drawn lines on chart could confuse the manual trader but it is possible to choose what lines to draw and what not..

The performance: The multiple types of supports and resistances, calculated on the current timeframe on higher ones, let traders know with high probabilities which are the best price support and resistances areas.

If you want more information, pls visit: BacktestMarket

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622

Molfie 2019.06.27 16:02 #

By far the best product I’ve ever used.

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622

Molfie 2019.06.27 16:02 #

By far the best product I’ve ever used.

Supports and Resistances

Andrea Ferrari