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Indicator WSO + WRO + Trend Line

Indicator WSO + WRO + Trend Line



Indicator WSO + WRO + Trend Line

Indicator features:
- The indicator is based on ideas of indicator Widners Oscilator;
- The graph displays six lines of support (marked on the chart in red) and 6 lines of resistance (in the graph are marked in blue);
- Trend lines are indicated by dots of WSO WRO;
- Trendlines UP0 and DN0 can be suppressed, creating a triangle on the chart. The angle of the triangle defines the place where the price must go;
- Triangle angle signal is canceled in case of transmission rates above the last point of WSO or below the last point WRO;
- Signal to open a trading position is the price failure to undergo the angle of the triangle that is a sign of a trend reversal;
- If the price overcomes the corner, this is a signal for the continuation of the trend.



To learn more about this Indicator and download its source code on MQL4 you can here:

http://codebase.mql4.com/3816



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