goden indicator Indicator – Comprehensive Explanation
This indicator is an advanced technical analysis tool for MT4, designed to identify key supportresistance levels, buysell zones, and reversal signals based on yesterday’s price action.

🔵 How Key Levels Are Calculated
1. Central Line (MID) Calculation
The indicator uses 5 different methods (selectable in settings) to calculate the midline

CO Average of Close + Open

OCLH Average of Open, Close, Low, High

MEDIAN (High + Low)2

TYPICAL (High + Low + Close)3

WEIGHTED (High + Low + 2×Close)4

2. High (HI) & Low (LO) Levels
Supportresistance levels are derived from pip-based distances from MID

HI Levels (Resistance)

HI1 = MID + (StartPips × Pip)

HI2 = MID + (2 × StartPips × Pip)

HI3 = HI1 + (MID − Low − 5 pips) → Potential reversal zone

HI4 = MID + (High − Low + 5 pips) → Overbought warning

HI5 = 2×MID + (High − 2×Low + 5 pips) → Danger! Stop buying!

LO Levels (Support)

LO1 = MID − (StartPips × Pip)

LO2 = MID − (2 × StartPips × Pip)

LO3 = LO1 + (MID − High + 5 pips) → Potential reversal zone

LO4 = MID − (High − Low − 5 pips) → Oversold warning

LO5 = 2×MID − (2×High − Low − 5 pips) → Danger! Stop selling!

🔴 Practical Applications
1. BuySell Zones
Buy Zone Between LO1 and LO2 (start of selling pressure).

Sell Zone Between HI1 and HI2 (start of buying pressure).

Reversals

HI3LO3 → Possible trend reversal points.

HI4HI5 & LO4LO5 → Extreme overboughtoversold alerts.

2. Yesterday’s HighLow
If ВчерашнийHiLo = true, yesterday’s HighLow are plotted as horizontal lines.

3. Internal Helper Lines
If ВнутрПипсы  0, additional mid-range lines (between MID and HILO) are displayed.

4. Customizable Features
Colorsline thickness Adjustable per level.

Text labels Enabled if ТекстРазмер  4.

Timeframe Uses daily (D1) data but works on all timeframes.

📌 Execution Tips
✅ Best Pairs Major forex pairs (e.g., EURUSD, GBPUSD).
✅ Optimal Trading Time LondonNY sessions (highest reactivity).
✅ Limitation May generate noise on lower timeframes (e.g., M5M15).

🎯 Conclusion
This multipurpose tool is ideal for swing and position traders because it
✔️ Identifies dynamic supportresistance.
✔️ Flags overboughtoversold conditions.
✔️ Highlights potential reversal points.