I am beginner trader (only 6 months old) and this is my first shot at writing an indicator. I think I managed to write a full indicator of MIDAS system of Dr. Paul Levine(RIP).
If you havent heard MIDAS system you can read the articles in this e-book. (Attached at here)
So here it is..
-MIDAS indicator with Support and Resistance lines...
-You can specify the exact start date.(not just last xxx bars)
-You can shift S/R lines with specified amount (Greed factor as it is told in articles)
-Topfinder algorithm.(I think this is the first one ever programmed for MT4)
As this is my first indicator please feel free to send me any comments, bugs, ideas..
Update: Updated VWAP-only version with extra MIDAS lines using Highs and Lows which can be used for support and resistance lines separately.
Akif,
If you havent heard MIDAS system you can read the articles in this e-book. (Attached at here)
So here it is..
-MIDAS indicator with Support and Resistance lines...
-You can specify the exact start date.(not just last xxx bars)
-You can shift S/R lines with specified amount (Greed factor as it is told in articles)
-Topfinder algorithm.(I think this is the first one ever programmed for MT4)
As this is my first indicator please feel free to send me any comments, bugs, ideas..
Attached File(s)
MIDAS_v1.mq4
6 KB
|
5,604 downloads
Update: Updated VWAP-only version with extra MIDAS lines using Highs and Lows which can be used for support and resistance lines separately.
Attached File(s)
MIDAS_Channel_v4_NoExpire.mq4
7 KB
|
1,047 downloads
|
Uploaded Oct 6, 2021 12:56pm
Akif,