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Lines for MT5

4

Do you need to check support and resistance lines?

Do you need to find them really fast and automatically?

Do you want to set your own settings how to find them?

Then this indicator is your right choice!

Indicator Lines is developed for finding support and resistance lines on chart. It does its job quickly and fully automatically.

Main principle of algorithm is to get all extremes on chart (according to "Density" parameter). Then indicator tries to find minimally 3 points (according to "Minimal count of points" parameter) which can be used for calculation of support or resistance line. Finally there is applied linear regression for construction of lines.


Parameters

  • Density - how much in details to search in extremes. Bigger number means less details, smaller number means more details. Base unit is 1 bar on the chart.
  • History - how far to go in history while searching. When you set -1, the indicator processes all bars from history. Base unit is 1 bar on the chart.
  • Range - how far search support and resistance lines from given extreme. Base unit is 1 bar on the chart.
  • Minimal count of points - how many extremes is used for construction of lines.
  • Maximal deviation - Difference between perfect line and real line. Base unit is %.
  • Color, width, style of lines
  • Prolong lines to future - great feature for checking breaking lines in future
  • Show points of lines - if you want to see how the lines are constructed
  • Color of points
  • Your own prefix for object - in case you want to attach more Lines on same chart

Final line is constructed as linear regression from all found points.

Reviews 4
autovolk
847
autovolk 2020.07.27 23:03 
 

Super !

Leandro Henrique Lopes
763
Leandro Henrique Lopes 2018.07.24 03:18 
 

TOP!!!

mxp1
623
mxp1 2018.06.26 09:04 
 

Excellent indicator, 5 stars.

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Easy Buy Sell is a market indicator for opening and closing positions. It becomes easy to track market entries with alerts. It indicates trend reversal points when a price reaches extreme values ​​and the most favorable time to enter the market. it is as effective as a Fibonacci to find a level but it uses different tools such as an algorithm based on ATR indicators and Stochastic Oscillator. You can modify these two parameters as you wish to adapt the settings to the desired period. It cannot
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Radim Kucera
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Radim Kucera
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This indicator shows ratios between extremes on the chart. You can specify your own ratios (e.g. Fibonacci). Parameters Most important Density - how much in details to search ratios in extremes. Bigger number means less details, smaller number means more details. Base unit is 1 bar on the chart. History - how far to go in history while searching. When you set -1, the indicator processes all bars from history. Base unit is 1 bar on the chart. Range - how far search ratios from given extreme. Bas
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Do you need to check support and resistance lines? Do you need to find them really fast and automatically? Do you want to set your own settings how to find them? Indicator Lines is developed for finding support and resistance lines on chart. It does its job quickly and fully automatically. Main principle of algorithm is to get all extremes on chart (according to "Density" parameter). Then indicator tries to find minimally 3 points (according to "Minimal count of points" parameter) which can be u
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This indicator shows ratios between extremes on the chart. You can specify your own ratios (e.g. Fibonacci). Parameters Most important Density - how much in details to search ratios in extremes. Bigger number means less details, smaller number means more details. Base unit is 1 bar on the chart. History - how far to go in history while searching. When you set -1, the indicator processes all bars from history. Base unit is 1 bar on the chart. Range - how far search ratios from given extreme. Bas
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This indicator is fully user-adjustable, calculates corellation between all symbols, which you want. Indicator is real-time updated and fully automated.  You can adjust a lot of parameters. Calculation Parameters List of symbols: write all symbol, which you want to calculate, just separate them by comma Calculated bars: amount of bars from which will be calculated Time frame: time period of calculation Used price: used price - 0 (CLOSE), 1 (OPEN), 2 (HIGH), 3 (LOW), 4 (MEDIAN), 5 (TYPICAL), 6 (
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m1213
420
m1213 2023.03.30 17:16 
 

Indicator does not work [error 538] and so absolutely useless. Need updating as it's in v1.1 since 2018!!!

Radim Kucera
12524
Reply from developer Radim Kucera 2023.04.12 11:01
What exactly does not work? Can you please share screenshot and settings?
autovolk
847
autovolk 2020.07.27 23:03 
 

Super !

Leandro Henrique Lopes
763
Leandro Henrique Lopes 2018.07.24 03:18 
 

TOP!!!

mxp1
623
mxp1 2018.06.26 09:04 
 

Excellent indicator, 5 stars.

Reply to review
Version 1.1 2018.06.25
v1.1 - Fixed bug with blinking when there was line's break on last bar.