PrevDayLines.mq4 - Drawing High, Low and Average Price Lines of the Previous Day - MetaTrader 4 Script
The PrevDayLines.mq4 script is a tool for MetaTrader 4 that automatically plots three key price levels of the previous trading day on a chart. These levels include the highest price (Max), the lowest price (Min), and the average price (Avg), providing traders with a clear visual reference of key support and resistance points. The script is fully customizable, allowing you to adjust the color, thickness, and style of the lines to suit your preferences.
This script is particularly useful for traders who rely on historical price levels to identify potential market turning points.
Attachment download
📎 prevdaylines.mq4 (2.56 KB)
Source: MQL5 #51820
PrevDayLines.mq4 - Drawing high, low and average price lines of the previous day - MetaTrader 4 script usage and filtering recommendations
PrevDayLines.mq4 - Drawing High, Low and Average Price Lines of the Previous Day - MetaTrader 4 Script is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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