Support and Resistance - Barry (Extended) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The existing version of this indicator uses built-in fractals to find possible support and resistance.
This version changes that: instead of using a fixed period, this version allows fractal calculations to be done with any period. This way you can select any fractal "level" you want to use for possible support and resistance calculations.
PS: Keep in mind that like any fractal, this version will also find fractals in past bars (fractals also require confirmation of future bars), which makes it possible for the current period/2 support/resistance values to change. Therefore, any use of this (and similar) indicators should always use the same rules as for fractal indicators.
PPS: This version displays differently. To make the channel clear, set the fill color to None.
Attachment download
📎 support_and_resistance_-_barry.mq5 (5.1 KB)
Source: MQL5 #17118
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
