Support and Resistance Indicators - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Draw channels using Gaussian transformation. Input parameters set the width of the window for calculating the indicator.
Input unit window size = 20 ; //width of window
The indicator was first implemented in MQL4 and published in the code base of mql4.com on February 29, 2008.
Figure 1 Support and resistance indicators
Attachment download
📎 onesidegaussian.mqh (12.93 KB)
📎 support-resistanceindicator.mq5 (7.09 KB)
Source: MQL5 #1526
Support and resistance indicators - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
Support and resistance indicators - 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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