Thank you for viewing.

Introducing the MT4 indicator "RS_LINE," which allows you to determine range/trend at a glance.

This is a free version that can only be used with USD/JPY.

Indicator Explanation

Displays points that become necklines by drawing horizontal lines at major highs and lows,indicating zones where trend expectation is high.

After breaking through a line, if there are no recent lines, it tends to become a trend easily.

The broken lines function effectively as strong support/resistance conversion points (role reversal), and by using them as a basis for entry points,you can expect a highly advantageous trend-following.

In range markets, it can also be used for purposes such as contrarian betting on temporary rebounds by lines,and as a standard for profit realizationand other applications.

The number of lines can be increased or decreased in two stages.

Display period, line type, and color can also be changed.

It is desirable to display lines for as long as possible.

It can be used in any timeframe, but by default, the length of the lines is set for one month based on M5 (equivalent to 8640 candlesticks).

Spread display functionality has also been incorporated.

ON/OFF switchable, with parameters to change the display position & size, displaying three levels of color coding at the specified spread.

For example: Upper limit 1 ‘1.0’ Upper limit 2 ‘0.5’

Above 1.0 Red

Above 0.5 and below 1.0 Yellow

Below 0.5 Gray

Note

Depending on the display period, it may take time to start MT4 or switch timeframes.

If you are concerned, please adjust the display period.

Due to the nature of the product, cancellations or refunds after delivery cannot be accepted.

Copyrights belong to the seller, and transfer or resale is strictly prohibited.

We assume no responsibility for any damages resulting from the use of this indicator.

●無料版● トレンドが一目で判る！ＭＴ４用レジサポインジケーター