Discover expert developed MetaTrader tools that can complement professional solutions.
Real author:
Kim Igor V. aka KimIV
The indicator predicts daily price ranges and draws them as filled rectangles.
Smooth out market noise with the Heiken Ashi Expert Advisor for MT4 and MT5. Reliable trend-following automation. Details here.
This indicator shows the current day support and resistance levels forecast on the bases of the previous day price levels. The formula for calculating the levels are described in Thomas Demark's The New Science of Technical Analysis.
Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 24.09.2007.
Figure 1. Indicator i-DRProjections
Thanks for reading. Discover premium MetaTrader solutions at RobotFX.
2218
