//+------------------------------------------------------------------+
//| Support and Resistance |
//| Copyright © 2004/5 Barry Stander |
//| http://www.4Africa.net/4meta/ |
//+------------------------------------------------------------------+
#property copyright "Support and Resistance Barry_Stander_4@yahoo.com"
#property link "http://www.4Africa.net/4meta/"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_color2 Blue
//---- buffers
double v1[];
double v2[];
double val1;
double val2;
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int init()
{
//----
IndicatorBuffers(2);
SetIndexArrow(0, 119);
SetIndexStyle(0,DRAW_ARROW,STYLE_DOT,1,Red);
SetIndexBuffer(0, v1);
SetIndexLabel(0,"Resistance");
SetIndexArrow(1, 119);
SetIndexStyle(1,DRAW_ARROW,STYLE_DOT,1,Blue);
SetIndexBuffer(1, v2);
SetIndexLabel(1,"Support");
//----
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int start()
{
int i=Bars;
//----
while(i>=0)
{
val1=iFractals(NULL, 0, MODE_UPPER,i);
if (val1 > 0) v1[i]=High[i];
else v1[i]=v1[i+1];
val2=iFractals(NULL, 0, MODE_LOWER,i);
if (val2 > 0) v2[i]=Low[i];
else v2[i]=v2[i+1];
i--;
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
Fractals
Custom Indicators Used:
Order Management characteristics:
Other Features: