The Analytical Trader Supports and Resistances indicator automatically builds support and resistance levels. There are two options available: building only long-term support and resistance levels and building both long-term and short-term levels.

There is no longer a need to scroll the chart, draw support and resistance levels and delete old ones: this indicator does all this automatically.

• shift – shift of the first bar for calculation. Set 1 to calculate the support and resistance levels from the last bar, or a value greater than one to start the calculation from the past bars.
• IncludeShortTerm – true – building short-term and medium-term levels, false – building only long-term levels.
• Resistance_color, Support_color – colors of support and resistance.

The Analytical Trader team consists of a VSA trader who has been successfully trading on the forex, stock and commodity markets since 2008. He received an education in physical sciences, and is now receiving a diploma in financial mathematics; he has extensive programming experience in C , Matlab and MQL4.

The team also has a computer engineer with programming experience in various languages, including MQL4.