i-DRProjections - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Kim Igor V. aka KimIV
The indicator predicts the daily price range and plots it as a filled rectangle.
This indicator shows the predicted support and resistance levels for the day based on the previous day's price levels. The new science of technical analysis with formulas at the computational level is described in Thomas Demark.
The indicator was originally written in MQL4 and first published in the code base of mql4.com on September 24, 2007.
Figure 1. Indicator i-DRProjections
Attachment download
📎 i-drprojections.mq5 (11.01 KB)
Source: MQL5 #2218
i-DRProjections - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
i-DRProjections - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. 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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