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Group: Metatrader MQ4 Indicators

Title: Support and Resistance Indicator

Description: Support and Resistance Indicator

//+------------------------------------------------------------------+
//|                Support and Resistance                            |
//|                Copyright © 2004  Barry Stander                   |
//|                http://myweb.absa.co.za/stander/4meta/            |
//+------------------------------------------------------------------+
#property copyright "Click here: Barry Stander"
#property link      "http://myweb.absa.co.za/stander/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 i;
  
int init()
  {

  IndicatorBuffers(2);
 
//---- drawing settings
 SetIndexArrow(0, 119);
 SetIndexArrow(1, 119);
  
   SetIndexStyle(0,DRAW_ARROW,STYLE_DOT,1,Red);
   SetIndexDrawBegin(0,i-1);
   SetIndexBuffer(0, v1);
   SetIndexLabel(0,"Resistance");
    

   SetIndexStyle(1,DRAW_ARROW,STYLE_DOT,1,Blue);
   SetIndexDrawBegin(1,i-1);
   SetIndexBuffer(1, v2);
   SetIndexLabel(1,"Support");
 
   return(0);
  }

int start()
  {
  
   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);
  }
 
//+------------------------------------------------------------------+

Author/Source: Barry Stander