MaksiGen_Range_Move MTF - MetaTrader 5 Script - MT4/MT5 Resources
This indicator draws support/resistance lines and trend lines on the chart.
Initially, it was used as part of Paramon's scalping on the М5 and М15 timeframes. Later it was used as an independent indicator for trading on М1 and H4/D1.
Support/resistance lines and trend lines are drawn on a number of bars that can be changed in the indicator settings.
suggestion:
Attachment download
📎 maksigen_range_move_mtf_2.mq5 (8.75 KB)
Source: MQL5 #1434
MaksiGen_Range_Move MTF - MetaTrader 5 script usage and screening recommendations
MaksiGen_Range_Move MTF - MetaTrader 5 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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