MT4-Historical Month Levels

Indicator builds the following historical month levels:

• Resistance Levels — a price level above which it is supposedly difficult for a security or market to rise:
• R3 Month — monthly resistance price #3;
• R2 Month — monthly resistance price #2;
• R1 Month — monthly resistance price #1;
• Support Levels — a price level below which it is supposedly difficult for a security or market to fall.
• S1 Month — monthly support line price #1;
• S2 Month — monthly support line price #2;
• S3 Month — monthly support line price #3;
• Extremes Levels — a maximum and minimum price of a month:
• High Month — maximum month price;
• Low Month — minimum month price;
• Forecast Extremes Levels — a maximum and minimum forecast price of a month:
• Project High Month — maximum forecast month price;
• Project Low Month — minimum forecast month price;
• Middle Month — middle month price;
• Period levels — an open and close price of the month:
• Open Month — opened month price;
• Close Month — closed month price;
• Direct Month — forecast direction of month price;
• Redirect Month — monthly price, where the direction of price movement has changed.

Indicator parameters:

• History month limit:
• 0 — no limits (default);
• N — display N months;
• OpenColor — color for open month level (default: Blue);
• OpenLineStyle — line style for open month level (default: Solid);
• CloseColor — line style for close month level (default: Blue);
• count :
• 0 — display levels based on calculation current month;
• 1 — display levels based on calculation previous month (default);
• N — display levels based on calculation previous N month;
• MiddleColor — color for middle month level (default: Yellow);
• RedirectColor — color for redirect month level (default: Aqua);
• HighColor — color for high month level (default: Red);
• LowColor — color for low month level (default: Green).

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