The indicator predicts daily price ranges and draws them as filled rectangles.
This indicator shows the current day support and resistance levels forecast on the bases of the previous day price levels. The formula for calculating the levels are described in Thomas Demark’sThe New Science of Technical Analysis.
Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 24.09.2007.
MT5 Indicator – Download Instructions
i-DRProjections is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
i-DRProjections 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 i-DRProjections.mq5?
- Download i-DRProjections.mq5
- Copy i-DRProjections.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on i-DRProjections.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator i-DRProjections.mq5 is available on your Chart
How to remove i-DRProjections.mq5 from your Metatrader 5 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
Click here below to download MT5 Indicator: