Horizontal Line Indicator MT4

Pipsaholic

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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.
 
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.
 
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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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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