Support Resistance 6
From the Old Kings archive: Support Resistance 6, an indicator for MetaTrader 4. Its name points to support / resistance levels. It can read another timeframe. It has 14 settings, for example Time Frame (default 5), Bars Max (default 144) and Depth (default 13). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Support Resistance 6
Support Resistance 6 is an indicator for MetaTrader 4. It can show data from another timeframe (MTF). It has 14 settings, such as Time frame, Bars max and Depth. MQL source code included.
Files in the download: Support Resistance.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 5 | Period or timeframe used by the calculation |
| Bars max | 144 | |
| Depth | 13 | |
| Deviation | 1 | |
| Backstep | 5 | Distance between orders |
| Delete objects on exit | true | |
| Line color1 | RosyBrown | Colour on the chart |
| Line color5 | Aqua | Colour on the chart |
| Line color15 | DeepPink | Colour on the chart |
| Line color30 | PaleVioletRed | Colour on the chart |
| Line color60 | Red | Colour on the chart |
| Line color240 | DarkOrange | Colour on the chart |
| Line color1440 | DeepSkyBlue | Colour on the chart |
| Line color10080 | Lime | Colour on the chart |
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 · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code