Forecasting of price daily ranges. This indicator shows the resistance and support levels of the current day, the levels are forecasted on the basis of the price levels of the previous day. You can find the calculation formulas in Thomas Demark’s book: “The New Science of Technical Analysis”.
MT4 Indicator Download – Instructions
Daily range is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Daily range provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Daily range.mq4?
- Download Daily range.mq4
- Copy Daily range.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Daily range.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Daily range.mq4 is available on your Chart
How to remove Daily range.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: