Forex Nx Breakout Indicator

Forex Nx Breakout Indicator:

The indicator draws support and resistance lines, which are defined by the maximum and minimum for the last N bars.

Indicator input parameters:

//+———————————————-+
//| Indicator input parameters |
//+———————————————-+
input ENUM_TIMEFRAMES TimeFrame=PERIOD_D1; // Chart period
input uint StartBar=1; // Start bar for analysis
input uint HowManyBars=5; // Number of bars for analysis
//—
input color Color_R=clrMediumSeaGreen; // Color of resistance level
input STYLE Style_R=SOLID_; // Line style of the resistance level
input Width Width_R=Width_2; // Line width of the resistance level
//—
input color Color_S=clrRed; // Color of the support level
input STYLE Style_S=SOLID_; // Line style of the support level
input Width Width_S=Width_2; // Line width of the support level

Test results:

Forex Nx Breakout Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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