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Originally Posted by newdigital
It is ^Pivot_ResSup.mq4 indicator.
It is written inside the code (in Russian):
"Drawing Pivot and Res/Supp according to Fibonacci Trader Journal Issue 6. Author is Modest (MT3) Rosh - converted only."
I always using it during the seveal months already. It drawing support/resistance lines and those lines are statical ones (the lines are not moving during the day). In most cases the price will be stoped near the line. It will be the other lines tomorrow (in different places on the chart).
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And I do not use support/resistance indicators which are having the same value during the whole day. Just ^Pivot_ResSup.mq4 indicator only.
This indicator I used in Maksigen Trading system (see image): all the lines are drawing by indicators and almost all lines are dynamical ones (moving all the time). The only statical lines are blue/red lines of ^Pivot_ResSup indicator.
When I tried to create this Maksigen system I used ^Pivot_ResSup indicator and I can not trade without this indicator now.