量化交易系统

MT4-Support and Resistance Auto

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The indicator displays the levels that are extremes for the specified time frames.

  • Resistance level is the maximum price of the last closed bar;
  • Support level is the minimum price of the last closed bar;
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2 operating modes:

  1. Real bodies: Open and Close prices will be used;
  2. Extremes: High and Low prices will be used;

This indicator:
  • Helps to see potential reversal levels;
  • Patterns formed near the levels have more potential;
  • When working on a lower time frames - help you to see the overall picture;

Input Settings:

  • TimeFrames : M5, M15, M30, H1, H4, D1, W1, MN; The indicator will display the levels of those timeframes that are marked TRUE ;
  • Use Real Bodies : 1) if true : real bodies will be used ( Open , Close ); 2) if fal se : extreme values will be used ( High , Low );
  • Line Colors : the color of lines and labels for each time frame;
  • Lines on Background : if ( true ): draw lines in the background;
  • Line Style : (solid/dotted/dash...);
  • Line Width;
  • Font Size : for labels;