Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

Latest: Metatrader 4 Indicators | An indicator of support and resistance levels | MetaTrader Tool

New free code from MQL5: indicators, EAs, and scripts for traders.

Image for An indicator of support and resistance levels


An indicator of support and resistance levels.

The levels themselves are not calculated, as for example the pivot ones, but are read from the text file of a specific format.

It is necessary to create an individual file "Levels_RS_<symbol name>.csv" for every instrument.

Classic MACD strategy made fully automatic – the MACD Expert Advisor for MT4 handles it all. Check it out.

The fomat of the file involves the differnce of strong levels that are displayed on the chart with the thickened lines. I used this indicator to display the levels, that are published by Teletrade, on the chart.

Thanks for reading. Discover premium MetaTrader solutions at RobotFX.

8096

Best MetaTrader Indicators + Profitable Expert Advisors