Horizontal Line Indicator MT4

Pipsaholic

Well-known member
277 3
Looking for a horizontal line indicator for mt4 that draws lines of the last 10/20 candles and adjusts as price moves it has to be customizable not set.

Makes life easier rather than using your crosshair tool or drawing lines every 10-20 candles.
 

trendie

Legendary member
6,535 1,127
I'm not sure if it's what you're looking for, but have you looked at a Donchian Channel indicator?
It creates a High-Low channel of "n" bars.
 

TEAMTRADER

Member
76 1
I think this will be useful for day traders and scalpers.
It shows S&R horizontal lines that are based on current trading patterns and not the usual daily S&R. They delete after being crossed so that you know the current S&R channel.
Illustration to show how they work.
You can change the back period to 20 if that is your wish.
TEAMTRADER
 

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palex2005

Newbie
3 0
I think this will be useful for day traders and scalpers.
It shows S&R horizontal lines that are based on current trading patterns and not the usual daily S&R. They delete after being crossed so that you know the current S&R channel.
Illustration to show how they work.
You can change the back period to 20 if that is your wish.
TEAMTRADER
interesting indicator, I will test it with my trend indicator.......thanks
 
 
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