The indicator displays two nearest levels in real time. The one above the current BID price is a resistance level. The one below the current BID price is a support level.
The levels are calculated by the standard ZigZag indicator.
The indicator can be used as an assistant in manual trading to obtain data on the nearest support/resistance levels.
The indicator can be used on any timeframe.
When a displayed level is touched or broken through, an audio alert is triggered...
Hunter on the channel breakout Bot DEMO
The Expert Advisor places the necessary amount of BuyStop and SellStop pending orders with predefined StopLoss and TakeProfit levels at the specified time daily (only one pair of orders is placed in the demo version).
The EA calculates the channel width using the ZigZag indicator and sets a grid of BuyStop and SellStop pending orders according to the specified settings. The first pair of BuyStop and SellStop pending orders is placed at a predetermined...