Code for Mql5: [ Ссылка ]
Code for Mql4: [ Ссылка ]

In this tutorial, we delve into the world of MQL4 programming to create a custom Support and Resistance indicator. The provided code, named "Box," dynamically identifies and plots significant support and resistance levels on your MetaTrader 4 chart.

Key Points:

Period and Overlook Parameters: Understand how adjusting the period and overlook parameters fine-tunes the sensitivity of the indicator.
Algorithm Logic: Dive into the logic behind the algorithm, which intelligently identifies potential bounce points and plots corresponding support and resistance levels.
Visualization: Learn how to visualize the identified levels on your chart using different colors and line widths.
Whether you're a seasoned MQL4 developer or just starting, this tutorial provides valuable insights into creating a powerful analytical tool for your trading journey.

Feel free to experiment, modify, and integrate this indicator into your trading strategies. Happy coding!

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If you'd like to create your own Grid and Zone Recovery(hedging) strategies, make sure to check out ManHedger:

How to download ManHedger free version: [ Ссылка ]

Demo link:
[ Ссылка ]

ManHedger MT5: [ Ссылка ]
ManHedger MT4: [ Ссылка ]

myfxbook: [ Ссылка ]

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