Support/Resistance Auto Lines
Key price levels, drawn on your chart automatically.
Previous day and previous week highs and lows, plus round numbers — the price levels that market participants tend to watch — are drawn on your chart automatically. No more manually placing lines. Potential bounce and breakout levels are visible at a glance.
What it does
- ✓Plots previous day high and low as horizontal lines automatically
- ✓Plots previous week high and low as horizontal lines automatically
- ✓Draws round-number levels above and below the current price automatically
- ✓Uses distinct colors and line styles for each level type, updated daily
Key Parameters
| Parameter | Default | Description |
|---|---|---|
| InpShowPrevDay | true | Show previous day high/low lines |
| InpShowPrevWeek | true | Show previous week high/low lines |
| InpShowRound | true | Show round-number levels |
| InpRoundStep | 0 | Round-number interval (0 = auto-detected per instrument) |
| InpRoundCount | 5 | Number of round-number lines above and below |
Installation
- 1Copy the .mq5 file to MT5's Data Folder > MQL5 > Indicators
- 2Compile in MetaEditor, or restart MT5
- 3Drag and drop the indicator from the Navigator onto your chart
Important Note
These lines are reference levels, not trade signals. The round-number step defaults to 0 (auto-detected), but if it does not suit your instrument, set it manually with InpRoundStep.
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