Simple intraday support and resistance - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources
It's that simple: no parameters. It works on a smaller time frame than the daily time frame and shows estimated intraday support and resistance
As with any support/resistance indicator
Attachment download
📎 simple_intraday_support_resistance.mq5 (4.93 KB)
Source: MQL5 #24649
Simple intraday support and resistance - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Simple intraday support and resistance - 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 only on titles or short-term profit descriptions.
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