Category: Market Levels Indicators
Dynamic Balance Point Indicator
The Dynamic Balance Point Indicator for MetaTrader 5 calculates the dynamic balance point for the desired period. Even though it is a sort of a multi timeframe indicator, it calculates the balance point without the usual issues that multi timeframe indicators have: the recalculation. The balance point is calculated correctly for the current timeframe and […]
Support and Resistance Indicator
The Support and Resistance indicator for MT5 displays the support and resistance levels using the Fractals indicator. The calculation of support levels is based on the “Fractals down”, and the calculation of the resistance levels is based on the “Fractals up” of the Fractals indicator by Bill Williams. These levels are shown in the form […]
