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![Indikatoren](https://c.mql5.com/i/code/indicator.png)
Automatic Parabolic Support and Resistance Levels Indicator - Indikator für den MetaTrader 4
- Ansichten:
- 52050
- Rating:
- Veröffentlicht:
- 2010.12.13 08:58
- Aktualisiert:
- 2014.04.21 14:55
-
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This indi will draw the levels and then delete if older than your selected bars. The turn is calculated on above/below opens not closes as that seems to get most of the turns and this makes it slightly different than just the dots from a programing point of view.
I prepared a video to show it in use with Bollinger bands as this seemed to illustrate how the indi worked quite well. You can have a look if you like here>>. Parabolic S&R Levels Video.
Very basically the more previous crosses in bars past that are close together show the strength of the resistance/support level. I have noticed that price tends to want to break
into clear ground which is easy to see as clear chart area.
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