ind_SupportEX
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This script is designed to provide a visual multi-timeframe analysis of market price action by projecting key historical data points directly onto your current trading chart. It allows traders to see significant price levels from higher timeframes without having to constantly switch between different windows.
Core Functionality
The tool identifies and draws specific price markers—specifically the High, Low, Open, and Close prices—from three distinct timeframes: Daily (D1), Weekly (W1), and Monthly (MN). By visualizing these levels simultaneously, it helps traders identify potential support, resistance zones, and historical price boundaries that might influence current market movement.
Key Features and Logic
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Multi-Timeframe Integration: The script monitors three layers of history:
- Daily: Highlights the range of the previous 24 hours.
- Weekly: Displays the bounds of the previous 7 days.
- Monthly: Outlines the significant range of the previous month.
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Smart Visibility Rules: To keep your chart clean, the script includes built-in filters. For example, it will only display Daily data if you are looking at a lower timeframe (like 4-hour charts), and Monthly data only on even larger timeframes. This prevents the screen from becoming cluttered with irrelevant information.
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Visual Elements: The logic uses three types of graphical objects to convey information:
- Trend Lines: These mark the specific horizontal levels for the High, Low, Open, and Close prices.
- Rectangles: When enabled, these highlight the "body" of the candle (the space between the Open and Close prices), changing colors based on whether that period ended in a positive or negative move.
- Arrows/Markers: These place specific indicators at the exact price points of the High, Low, and Open prices to serve as precise targets or reference marks.
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Automatic Cleanup: The script is designed to manage its own "memory" on the chart. It contains a cleanup routine that ensures old objects are removed properly when the indicator is disabled or refreshed, preventing technical lag or visual ghosting on your trading platform.
User Experience
For the end-user, this tool acts as an automated "map." Instead of manually remembering where the weekly high was or where last month's price opened, the script automatically draws these boundaries in distinct colors (such as Red, Dark Turquoise, and Yellow). This allows for a much faster transition from analysis to execution by making historical context visible at a glance.
Price Data Components
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ind_SupportEX
//+------------------------------------------------------------------+
//| ind_SupportEX.mq4 |
//| Yuriy Tokman |
//| yuriytokman@gmail.com |
//+------------------------------------------------------------------+
#property copyright "Yuriy Tokman"
#property link "yuriytokman@gmail.com"
#property indicator_chart_window
extern bool MN = false;
extern bool RECTANGLE_MN = false;
extern bool W1 = false;
extern bool RECTANGLE_W1 = false;
extern bool D1 = false;
extern bool RECTANGLE_D1 = false;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
for (int i=0;i<Bars;i++)
{
//----------------D1
ObjectDelete("high_D1"+DoubleToStr(iTime(Symbol(),1440,i),0));
ObjectDelete("low_D1"+DoubleToStr(iTime(Symbol(),1440,i),0));
ObjectDelete("open_D1"+DoubleToStr(iTime(Symbol(),1440,i),0));
ObjectDelete("close_D1"+DoubleToStr(iTime(Symbol(),1440,i),0));
ObjectDelete("se_D1"+DoubleToStr(iTime(Symbol(),1440,i),0));
ObjectDelete("os_D1"+DoubleToStr(iTime(Symbol(),1440,i),0));
ObjectDelete("RECTANGLE"+DoubleToStr(iTime(Symbol(),1440,i),0));
//----------------W1
ObjectDelete("high_W1"+DoubleToStr(iTime(Symbol(),10080,i),0));
ObjectDelete("low_W1"+DoubleToStr(iTime(Symbol(),10080,i),0));
ObjectDelete("open_W1"+DoubleToStr(iTime(Symbol(),10080,i),0));
ObjectDelete("close_W1"+DoubleToStr(iTime(Symbol(),10080,i),0));
ObjectDelete("se_W1"+DoubleToStr(iTime(Symbol(),10080,i),0));
ObjectDelete("os_W1"+DoubleToStr(iTime(Symbol(),10080,i),0));
ObjectDelete("RECTANGLE_W1"+DoubleToStr(iTime(Symbol(),10080,i),0));
//----------------MN
ObjectDelete("high_MN"+DoubleToStr(iTime(Symbol(),43200,i),0));
ObjectDelete("low_MN"+DoubleToStr(iTime(Symbol(),43200,i),0));
ObjectDelete("open_MN"+DoubleToStr(iTime(Symbol(),43200,i),0));
ObjectDelete("close_MN"+DoubleToStr(iTime(Symbol(),43200,i),0));
ObjectDelete("se_MN"+DoubleToStr(iTime(Symbol(),43200,i),0));
ObjectDelete("os_MN"+DoubleToStr(iTime(Symbol(),43200,i),0));
ObjectDelete("RECTANGLE_MN"+DoubleToStr(iTime(Symbol(),43200,i),0));
}
//----------------D1
ObjectDelete("PriceHighD1");
ObjectDelete("PriceLowD1");
ObjectDelete("PriceOpenD1");
//----------------W1
ObjectDelete("PriceHighW1");
ObjectDelete("PriceLowW1");
ObjectDelete("PriceOpenW1");
//----------------MN
ObjectDelete("PriceHighMN");
ObjectDelete("PriceLowMN");
ObjectDelete("PriceOpenMN");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
//----
int limit;
int counted_bars=IndicatorCounted();
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
for(int i=limit; i>=0; i--)
{
//----------------D1
if(Period()<=240 && D1){
double high_D1 = iHigh(Symbol(),1440,i);
double low_D1 = iLow(Symbol(),1440,i);
double open_D1 = iOpen(Symbol(),1440,i);
double close_D1 = iClose(Symbol(),1440,i);
datetime delta_D1 = 86400;
datetime timeOP_D1 = iTime(Symbol(),1440,i);
datetime timeCL_D1 = iTime(Symbol(),1440,i)+delta_D1;
color color_D1 = FireBrick;
TrendLineGraf("high_D1"+DoubleToStr(timeOP_D1, 0),timeOP_D1,high_D1,timeCL_D1,high_D1,Red,0,1);
TrendLineGraf("low_D1"+DoubleToStr(timeOP_D1, 0),timeOP_D1,low_D1,timeCL_D1,low_D1,Red,0,1);
TrendLineGraf("open_D1"+DoubleToStr(timeOP_D1, 0),timeOP_D1,open_D1,timeCL_D1,open_D1,Red,0,2);
TrendLineGraf("close_D1"+DoubleToStr(timeOP_D1, 0),timeOP_D1,close_D1,timeCL_D1,close_D1,Red,0,1);
TrendLineGraf("se_D1"+DoubleToStr(timeOP_D1, 0),timeOP_D1,high_D1,timeOP_D1,low_D1,Red,0,1);
TrendLineGraf("os_D1"+DoubleToStr(timeOP_D1, 0),timeCL_D1,high_D1,timeCL_D1,low_D1,Red,0,1);
if(open_D1<close_D1)color_D1 = DarkGreen;
if(RECTANGLE_D1)RECTANGLE("RECTANGLE"+DoubleToStr(timeOP_D1, 0),timeOP_D1,open_D1,timeCL_D1,close_D1,color_D1);
RICE_ARROW("PriceHighD1",timeCL_D1,high_D1,Red,1);
RICE_ARROW("PriceLowD1",timeCL_D1,low_D1,Red,1);
RICE_ARROW("PriceOpenD1",timeCL_D1,open_D1,Red,1);
}
//----------------W1
if(Period()<=1440 && W1){
double high_W1 = iHigh(Symbol(),10080,i);
double low_W1 = iLow(Symbol(),10080,i);
double open_W1 = iOpen(Symbol(),10080,i);
double close_W1 = iClose(Symbol(),10080,i);
datetime delta_W1 = 10080*60;
datetime timeOP_W1 = iTime(Symbol(),10080,i);
datetime timeCL_W1 = iTime(Symbol(),10080,i)+delta_W1;
color color_W1 = Maroon;
TrendLineGraf("high_W1"+DoubleToStr(timeOP_W1, 0),timeOP_W1,high_W1,timeCL_W1,high_W1,DarkTurquoise,0,2);
TrendLineGraf("low_W1"+DoubleToStr(timeOP_W1, 0),timeOP_W1,low_W1,timeCL_W1,low_W1,DarkTurquoise,0,2);
TrendLineGraf("open_W1"+DoubleToStr(timeOP_W1, 0),timeOP_W1,open_W1,timeCL_W1,open_W1,DarkTurquoise,0,2);
TrendLineGraf("close_W1"+DoubleToStr(timeOP_W1, 0),timeOP_W1,close_W1,timeCL_W1,close_W1,DarkTurquoise,0,1);
TrendLineGraf("se_W1"+DoubleToStr(timeOP_W1, 0),timeOP_W1,high_W1,timeOP_W1,low_W1,DarkTurquoise,0,2);
TrendLineGraf("os_W1"+DoubleToStr(timeOP_W1, 0),timeCL_W1,high_W1,timeCL_W1,low_W1,DarkTurquoise,0,2);
if(open_W1<close_W1)color_W1 = OliveDrab;
if(RECTANGLE_W1)RECTANGLE("RECTANGLE_W1"+DoubleToStr(timeOP_W1, 0),timeOP_W1,open_W1,timeCL_W1,close_W1,color_W1);
RICE_ARROW("PriceHighW1",timeCL_W1,high_W1,DarkTurquoise,2);
RICE_ARROW("PriceLowW1",timeCL_W1,low_W1,DarkTurquoise,2);
RICE_ARROW("PriceOpenW1",timeCL_W1,open_W1,DarkTurquoise,2);
}
//----------------MN
if(Period()<=10080 && MN){
double high_MN = iHigh(Symbol(),43200,i);
double low_MN = iLow(Symbol(),43200,i);
double open_MN = iOpen(Symbol(),43200,i);
double close_MN = iClose(Symbol(),43200,i);
datetime delta_MN = 43200*60;
datetime timeOP_MN = iTime(Symbol(),43200,i);
datetime timeCL_MN = iTime(Symbol(),43200,i)+delta_MN;
color color_MN = LightSeaGreen;
TrendLineGraf("high_MN"+DoubleToStr(timeOP_MN, 0),timeOP_MN,high_MN,timeCL_MN,high_MN,Yellow,0,3);
TrendLineGraf("low_MN"+DoubleToStr(timeOP_MN, 0),timeOP_MN,low_MN,timeCL_MN,low_MN,Yellow,0,3);
TrendLineGraf("open_MN"+DoubleToStr(timeOP_MN, 0),timeOP_MN,open_MN,timeCL_MN,open_MN,Yellow,0,3);
TrendLineGraf("close_MN"+DoubleToStr(timeOP_MN, 0),timeOP_MN,close_MN,timeCL_MN,close_MN,Yellow,0,1);
TrendLineGraf("se_MN"+DoubleToStr(timeOP_MN, 0),timeOP_MN,high_MN,timeOP_MN,low_MN,Yellow,0,3);
TrendLineGraf("os_MN"+DoubleToStr(timeOP_MN, 0),timeCL_MN,high_MN,timeCL_MN,low_MN,Yellow,0,3);
if(open_MN<close_MN)color_MN = Peru;
if(RECTANGLE_MN)RECTANGLE("RECTANGLE_MN"+DoubleToStr(timeOP_MN, 0),timeOP_MN,open_MN,timeCL_MN,close_MN,color_MN);
RICE_ARROW("PriceHighMN",timeCL_MN,high_MN,Yellow,3);
RICE_ARROW("PriceLowMN",timeCL_MN,low_MN,Yellow,3);
RICE_ARROW("PriceOpenMN",timeCL_MN,open_MN,Yellow,3);
}
}
//----
return(0);
}
//+------------------------------------------------------------------+
//+------------------------------------------------------------------+
//| Ôóíêöèÿ îòîáðàæåíèÿ òðåíäîâîé ëèíèè |
//| àâòîð: Þðèé Òîêìàíü |
//| e-mail: yuriytokman@gmail.com |
//| ICQ# 481-971-287 |
//| Skype: yuriy.g.t |
//+------------------------------------------------------------------+
void TrendLineGraf(string labebe,datetime time1,double price1,datetime time2,double price2,
color colir,int STYLE,int WIDTH )
{
if (ObjectFind(labebe)!=-1) ObjectDelete(labebe);
ObjectCreate(labebe, OBJ_TREND, 0,time1,price1,time2,price2);
ObjectSet(labebe, OBJPROP_COLOR, colir);
ObjectSet(labebe, OBJPROP_STYLE,STYLE);
ObjectSet(labebe, OBJPROP_WIDTH,WIDTH);
ObjectSet(labebe, OBJPROP_RAY,0);
ObjectSet(labebe, OBJPROP_BACK, true);
}
//+------------------------------------------------------------------+
//| Ôóíêöèÿ îòîáðàæåíèÿ ïðÿìîóãîëüíèêà |
//| àâòîð: Þðèé Òîêìàíü |
//| e-mail: yuriytokman@gmail.com |
//| ICQ# 481-971-287 |
//| Skype: yuriy.g.t |
//+------------------------------------------------------------------+
void RECTANGLE(string labe,datetime time1,double price1,datetime time2,
double price2,color colir)
{
if (ObjectFind(labe)!=-1) ObjectDelete(labe);
ObjectCreate(labe, OBJ_RECTANGLE, 0,time1,price1,time2,price2);
ObjectSet(labe, OBJPROP_COLOR, colir);
ObjectSet(labe, OBJPROP_BACK, true);
}
//+------------------------------------------------------------------+
//| Ôóíêöèÿ îòîáðàæåíèÿ öåíîâîé ìåòêè |
//| àâòîð: Þðèé Òîêìàíü |
//| e-mail: yuriytokman@gmail.com |
//| ICQ# 481-971-287 |
//| Skype: yuriy.g.t |
//+------------------------------------------------------------------+
void RICE_ARROW(string label,datetime time1,double price1,color colir,int WIDTH )
{
if (ObjectFind(label)!=-1) ObjectDelete(label);
ObjectCreate(label,OBJ_ARROW, 0,time1,price1);
ObjectSet(label,OBJPROP_ARROWCODE,SYMBOL_RIGHTPRICE);
ObjectSet(label, OBJPROP_COLOR, colir);
ObjectSet(label, OBJPROP_WIDTH,WIDTH);
ObjectSet(label, OBJPROP_BACK, true);
}
//+------------------------------------------------------------------+
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