Скачать или смотреть Creating a Support and Resistance Indicator in MQL4🖥️

Code for Mql5: https://www.mql5.com/en/code/45132
Code for Mql4: https://www.mql5.com/en/code/42482

In this tutorial, we delve into the world of MQL4 programming to create a custom Support and Resistance indicator. The provided code, named "Box," dynamically identifies and plots significant support and resistance levels on your MetaTrader 4 chart.

Key Points:

Period and Overlook Parameters: Understand how adjusting the period and overlook parameters fine-tunes the sensitivity of the indicator.
Algorithm Logic: Dive into the logic behind the algorithm, which intelligently identifies potential bounce points and plots corresponding support and resistance levels.
Visualization: Learn how to visualize the identified levels on your chart using different colors and line widths.
Whether you're a seasoned MQL4 developer or just starting, this tutorial provides valuable insights into creating a powerful analytical tool for your trading journey.

Feel free to experiment, modify, and integrate this indicator into your trading strategies. Happy coding!

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Demo link:
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ManHedger MT4: https://www.mql5.com/en/market/produc...

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