Technical Indicators for MetaTrader 4
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MetaTrader 4
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Overview
The indicator determines the support/resistance lines on three timeframes simultaneously:
- one TF smaller;
- current TF;
- one TF higher.
In addition to the support/resistance lines, the indicator identifies the reversal points (wave peaks):
- red dots - peaks on the smallest timeframe;
- yellow points - peaks on the current timeframe.
Parameters
- Show trend line - show the main trend line.
- Main Trend Line Color - color of the trend line.
- Show trend text - show the trend direction text.
- Resistance High line color - color of the resistance lines of the smallest TF.
- Support High line color - color of the upper support lines of the smallest TF.
- Resistance Low line color - color of the resistance lines of the current and higher TF.
- Support Low line color - color of the support lines of the current and higher TF.
- Alarm wave peaks - alert when a reversal point forms.
My other programs and monitoring: https://www.mql5.com/en/users/trendhunter/seller
