Article Summary:

Here you will find detailed info about currency trading and Forex training, currency exchange and online Forex trading platform.It’s been a while since the last time I’ve converted some indicator from MT4 to MT5 platform. So, today I present Support and Resistance indicator, which was initially written by Barry Stander for MetaTrader 4. It was a very simple


Article Content:
It’s been a while since the last time I’ve converted some indicator from MT4 to MT5 platform. So, today I present Support and Resistance indicator, which was initially written by Barry Stander for MetaTrader 4. It was a very simple conversion since the code was quite small in the MT4 version. The indicator uses only one standard MetaTrader indicator — Bill Williams’ Fractals. The resulting converted version of the indicator for MT5 has some advantages:

You can get the code of MT5 version or read more info about this support and resistance indicator.

Update: It turns out that in MetaTrader 5 the EMPTY_VALUE constant is intentionally equal to DBL_MAX, so it’s a normal behavior for iFractals to return DBL_MAX values when the indicator’s value is empty.
(…)Read the rest of Support and Resistance Indicator in MetaTrader 5 (25 words)

MetaTrader 4 platform with ECN execution - FXOpen.

Posted on Forex blog.

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