If you're on the hunt for a reliable tool to identify support and resistance levels, look no further! The Peak Lines by Price Histogram indicator for MetaTrader 5 is here to simplify your trading experience. Not only is it lightweight, but the calculations have also been streamlined for efficiency.
What It Displays:
- Gold Line — marks the peaks of a 1-day histogram.
- Red Line — highlights the peaks of a short-term histogram.
- Magenta Line — indicates the peaks of a medium-term histogram.
- Blue Line — points out the peaks of a long-term histogram.
Settings:
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