Weekly Open Horizontal Line + Horizontal Target Lines

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1105
  1. Weekly Open + Targets
  2. Weekly Open (no Targets)

These two indicators are modifications of the HI_Low Indicator.

//+------------------------------------------------------------------+
//|                                                MTF_HI_LOW_v1.mq4 |
//|                      Copyright © 2006, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
// Weekly Open + Targets: Modifications by File45 - http://codebase.mql4.com/en/author/file45

Weekly Open + Targets:

  1. A Weekly Open Horizontal Line
  2. A Target Line above the Weekly Open Line (Long Target)
  3. A Target Line below the Weekly Open Line (Short Target)
  • If a Target Line is not required it can be hidden by setting the color to None (from the Inputs Tab not the Colors Tab).
  • If both Target Lines are not required use Weekly Open Indicator which has no Target Lines.

SP500 – H4

The Target Lines provide a useful means to eyeball the historic weekly range of an instrument or symbol. The Target Lines below are set at 200 points (20 pips).

 

MT4 Indicator Download – Instructions

Weekly Open Horizontal Line + Horizontal Target Lines is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

Weekly Open Horizontal Line + Horizontal Target Lines 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 Weekly Open Horizontal Line + Horizontal Target Lines.mq4?

  • Download Weekly Open Horizontal Line + Horizontal Target Lines.mq4
  • Copy Weekly Open Horizontal Line + Horizontal Target Lines.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 Weekly Open Horizontal Line + Horizontal Target Lines.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Weekly Open Horizontal Line + Horizontal Target Lines.mq4 is available on your Chart

How to remove Weekly Open Horizontal Line + Horizontal Target Lines.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:

Weekly Open Horizontal Line + Horizontal Target Lines

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