Forex Demark Support Resistance Trading Strategy
Forex Demark Support Resistance Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to support / resistance levels. It draws arrows on the chart. It has 8 settings, for example Back Steps (default 0), Showing Steps (default 1) and Fractal As TD (default false). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Demark Support Resistance Trading Strategy
Forex Demark Support Resistance Trading Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 8 settings, such as Back steps, Showing steps and Fractal as td. MQL source code included.
Files in the download: Ind-TD-DeMark-3-1_eng.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Back steps | 0 | Distance between orders |
| Showing steps | 1 | Distance between orders |
| Fractal as td | false | |
| Commen | true | |
| TD | true | |
| Trend line | true | |
| Horizont line | true | |
| Take prof | true |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Support & Resistance · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code