Draw UpDown_Resistance using MA - MetaTrader 4 Script - MT4/MT5 Resources
This indicator uses moving averages to draw upper and lower horizontal lines.
for EURUSD_D1
for EURUSD_H4
Used on EURUSD_H1
Attachment download
📎 updown_resistance.mq4 (2.4 KB)
Source: MQL5 #14957
Drawing UpDown_Resistance using MA - MetaTrader 4 script usage and filtering suggestions
Drawing UpDown_Resistance using MA - MetaTrader 4 script is a resource related to Forex indicators. 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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