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Trix Oscillator with Charted Support and Resistance Levels

Article MQL5 code base
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Summary

This indicator adds support and resistance levels on the chart to a Trix oscillator. The display offers two options for when to show colors and their associated levels: when the oscillator crosses the zero line, or when its slope changes direction.

The description says it can be used like a standard Trix oscillator, but it does not specify how the support and resistance levels are calculated, what settings are available, or how the display should inform entries and exits. It provides no tests or performance evidence. The note therefore explains a visualization feature rather than a complete trading method; users must assess whether its signals or levels are useful in their own markets and time frames.

Key ideas

  • The indicator overlays support and resistance levels for a Trix oscillator.
  • Color and level display can be tied to zero-line crosses or changes in oscillator slope.
  • The description gives no detailed trading rules or method for calculating the levels.
  • No performance evidence is provided.

Tags

Technical indicatorsVolatility

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.