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指定
Support and Resistance Line.
Zig zag parameter is used (default 2,1,1), last low (V shape) is considered as support and last high (Inverted V shape) is considered as Resistance.
Support example :
https://www.mql5.com/en/charts/8879543/eurusd-h4-quantix-financial-services-support-line
https://www.mql5.com/en/charts/8879546/gbpusd-d1-quantix-financial-services
Resistance Example:
https://www.mql5.com/en/charts/8879551/eurusd-h4-quantix-financial-services
https://www.mql5.com/en/charts/8879553/gbpusd-d1-quantix-financial-services
Price action Candle.
When a candle is closed above <previous price action candle numbers > previous candles high then it is called buy Price action candle.
When a candle is closed blow previous <previous price action candle numbers>candles low then it is called SELL price action candle.
<previous price action candle numbers> is user input
Example
previous price action candle numbers =3
When a candle is closed above 3 previous candles high then it is called buy Price action candle.
https://www.mql5.com/en/charts/8879574/gbpusd-d1-quantix-financial-services
When a candle is closed blow 3 previous candles low then it is called SELL price action candle.
https://www.mql5.com/en/charts/8879564/audhuf-h1-quantix-financial-services
Custom ATR: Code will be given
Risk : Number of Pips between trade open to first stop loss will be risk of trade.
Buy Rule:
When a candle above closed Customer ATR Line.
When a candle closed above Resistance Line.
When a candle is Price action candle.
SELL Rule:
When a candle above closed Customer ATR Line.
When a candle closed above Resistance Line.
When a candle is Price action candle.
Stop Loss Line:
Buy: If candle is price action candle, Lowest of last two closed candles low.
https://www.mql5.com/en/charts/8879584/gbpusd-d1-quantix-financial-services
Sell: If candle is price action candle, highest of last two closed candles low.
https://www.mql5.com/en/charts/8879585/audchf-h1-quantix-financial-services
· As every price action candle formation, it has to redraw. Mark the line with Red Dotted line
Trade Closure.
Buy: When a candle is closed below ATR Line
Sell: When a candle is closed above ATR Line.
Take profit/Target:
Input: Target
Buy: (Risk * Target) + Trade open price
Sell: Trade open Price – (Risk * Target)
When trade hits this price , Close trade.
Legend:
ATR: Buy /Sell
Resistance : Below/Above current price
Support : Below/Above current price
Price action candle: Buy/Sell
Risk :