This indicator draws: 1 Kijun Sen + 1 Envelope + 3 Price Labels.
The Kijun Sen, Envelope and Price Labels can be shown/hidden as required.
Envelopes can be used to identify:
Price ranging;
Overbought price levels;
Oversold price levels;
Take Profit levels;
Stop Loss Levels.
Lower timeframes will require higher Kijun Sen periond and lower Envelope deviation, higher timeframes lower Kijun Sen period and higher Envelope deviation. Adjust according to user preference.
Note: Kijun Sen functions well in trending markets. Be aware of chop during ranging markets.Â
Drag and Drop Support and Resistance "segment lines"… NEW REVISION: ********************* DROP_RESISTANCE_SEGMENT_LINE_Rev1 and DROP_SUPPORT_SEGMENT_LINE_Rev1: Both scripts have been revised. With the new revision the scripts will work also…
Drag and Drop Support and Resistance lines with… NEW REVISION:*********************DROP_RESISTANCE_LINE_Rev1 and DROP_SUPPORT_LINE_Rev1: Both scripts have been revised. With the new revision the scripts will work also when MT4…
