Weekly Open Horizontal Line + Horizontal Target Lines – indicator MetaTrader 4

Indicators:

1. Weekly Open + Targets
2. Weekly Open (no Targets)
   

These two indicators are modifications of the HI_Low Indicator.

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//|                                                MTF_HI_LOW_v1.mq4 |
//|                      Copyright © 2006, MetaQuotes Software Corp. |
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// Weekly Open + Targets: Modifications by File45 - 

Weekly Open + Targets:

1. A Weekly Open Horizontal Line
2. A Target Line above the Weekly Open Line (Long Target)
   
3. A Target Line below the Weekly Open Line (Short Target)

SP500 – H4

The Target Lines provide a useful means to eyeball the historic weekly range of an instrument or symbol. The Target Lines below are set at 200 points (20 pips).

Parameters

• CountDays – 110;
• Weekly_Open – LightSlateGray;
• TP_Long_Target – Green;
• TP_Short_Target – Red;
• TP_Target – 500;
• Line_Style – 0;
• Line_Width – 2;