Fib_SR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The indicator displays possible resistance and support areas in the form of colored rectangles.

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Input ENUM_TIMEFRAMES time range = PERIOD_D1 ; //Indicator time range used for calculation
Input unit Number of bars = 1 ; //Number of bars used for indicator calculation
Enter the ratio of double 1 = 0.618 ; //first ratio
Enter the ratio of double 2 = 1.382 ; //Second ratio
Input color color_resolution2 = clelem ; //Color of the second resistance zone
Input color color_resolution1 = clear green ; //Color of the first resistance zone
Input color color_Sup1 = red blood cells ; //Color of the first support area
Input color color_Sup2 = magenta ; //Color of the second support area
Input unit right tail = 60 ; // Project the rectangle to the right outside the zero bar (in minutes)
Input unit left tail = 60 ; //Project the rectangle to the left of the start bar, in minutes

The indicator was first implemented in MQL4 and published in the code base of mql4.com on January 30, 2008.

Figure 1. Fib_SR indicator

Attachment download

📎fib_sr.mq5 (15.49 KB)

Source: MQL5 #23195