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Thanks for the heads up. Will try google and see whats up.
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2017.02.16 07:05
Support and Resistance - indicator for MetaTrader 5
The calculation of support levels is based on the "Fractals down", the calculation of the resistance levels is based on the "Fractals up" of the Fractals indicator by Bill Williams.
![MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal](https://c.mql5.com/i/registerlandings/logo-2.png)
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Hi Everyone,
Any kind soul would like to help me to code this indicator into mt5. I tried to ask my local trading platform how to write or what is the formula behind that indicator but seem futile as they claim it is proprietary asset. It looks like a support/resistance auto plot script but it is not identical to any fractal. Can anyone help ? The indicator look like below, the blue dotted line is Resistance, the red dotted line is Support. Thanks in advance.