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Golden Ratio Support Pressure Indicator

This indicator is based on the golden ratio theory, which obtains the high and low prices of the past 22 (default) K-lines, and calculates the support and pressure curves through the golden ratio coefficient.
When the price approaches the pressure line for the first time or multiple times, a downward arrow will appear, indicating that there is pressure and it is suitable to short sell;
When the price approaches the support line for the first time or multiple times, an upward arrow will appear, indicating support and making it suitable to buy long;
In the data window, the price values of each support and pressure line will be prompted, and the arrows that appear correspond to the values are up and down.

This indicator is suitable for short-term trading in the chart, which means holding a few candlesticks after entering and opening a position, and then closing the position. If you go long, the stop loss can be below the support line and the stop profit can be near the pressure line. If short selling, the stop loss can be above the pressure line and the stop profit can be near the support line.

The golden ratio coefficients involved in this indicator are 0.382, 0.618, 1.618, 2.168, and 4.236, respectively, and the corresponding support pressure lines are calculated.
Due to the limited number of indicators in MT4, this indicator is divided into two EX4 files. The first file has a golden ratio of 0.382, 0.618, and 1.618, the second file is 2.168 and 4.236, and the second file is named "Golden Ratio Support Pressure Indicator 2.168 and 4.236". It can be downloaded and used for free.
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Download user manual from : https://ontrd.com/our-books/ MT5 Version : https://www.mql5.com/en/market/product/30284 This indicator is a market analysis method based on the "Mathematical formula for market predictions" article written by W.D. Gann depending on square of 144 90 and 52 . And square of 9 With method by Dr.hamada salam about square of 9 and its relations with channel and star of that square User Manual: Add Your review And contact us to get the user manual You Can Buy Full M
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本指标是根据黄金分割理论,分别获取过去22(默认)根K线高低价,并通过黄金分割系数计算得出支撑、压力曲线。 当价格第一次向上靠近压力线,或者多次靠近压力线时,会出现向下的箭头符合,提示有压力,适宜做空sell; 当价格第一次向下靠近支撑线,或者多次靠近支撑线时,会出现向上的箭头符合,提示有支撑,适宜做多buy; 在数据窗口,会提示各条支撑、压力线的价格数值,出现的箭头符合数值为up、down。 这个指标,适合在所挂的图表里做短线,也即进场开仓后,持仓几根K线柱,然后可以平仓。做多的话,止损可以在支撑线下方,止盈在压力线附近。做空的话,止损可以在压力线上方,止盈在支撑线附近。 本指标涉及的黄金分割系数分别为0.382、0.618、1.618、2.168、4.236,计算得到对应的支撑压力线。 由于MT4的指标数量有限,本指标分成了2个EX4文件,第一个的黄金分割系数为0.382、0.618、1.618,第二个为2.168、4.236,第二个文件名为“Golden Ratio Support Pressure Indicator extend”,可免费下载和使用。
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This is a review script that directly displays transaction history on a chart. Firstly, set the time period for the account's historical transaction records. After the script runs, the historical transaction records within the set time period will be displayed on a chart. The displayed prices include opening price, closing price, stop loss price, stop profit price, as well as the trading volume of each order. Multiple orders have a red line, while empty orders have a green line. The hanging o
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Version 1.1 2024.04.24
Fixed a bug that prevented timely updates of indicators.