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Multi Timeframe Support and Resistance Zones MT4

4.2

Support and Resistance zones indicator for MT4 is a multi-timeframe panel and alert that finds support and resistance zones and pivot points for all timeframes of MetaTrader 4 and gives alert when price has interaction with them.

Download demo version (works on GBPUSD, EURJPY and NZDUSD symbols)

Read the full description of scanner parameters in the blog page.

Many unique features in one indicator:

  • Integrating support and resistance zones and pivot points in one indicator with powerful filtering rules and alert system.
  • Alerts when price returns from S/R zones and pivot levels for swing trading and range trading strategies.
  • Alerts when price breaks S/R zones and pivot levels for breakout trading.
  • Finds high probability trend reversals with a full set of alert filters.
  • You can avoid getting caught in SR zones by checking them before opening a position.
  • This indicator gives you the best levels for stoploss and take profit.
  • You will receive alerts for all timeframes without the need to switching between them.
  • You can view S/R zones of multiple higher timeframes on the chart.

Powerful alert filters for S/R zones:

Indicator has 5 filters to ignoring low quality alerts and finding best levels for order setups: 
  • minimum candle height
  • minimum candle body to height ratio
  • minimum candle height to zone height ratio
  • comparison between candle height and the height of previous candles
  • comparison between candle body and average body length of previous candles

Informative panel:

Panel shows if price has interaction with support and resistance zones from M1 to W1 timeframes. Also with panel you can find nested zones at a glance.

  •     Button text shows type of support and resistance zones (with "Sup" and "Res" abbreviations on buttons)
  •     Button text shows in which timeframes price enters, leaves or breaks a zone (with "In,Out,Br" abbreviations on buttons)
  •     Button color shows strength of support and resistance zone (you can change the color of zones)
  •     Ability to change frequently used settings directly through the panel
  •     Panel and zones will update on every 1-minute candle open and when chart time frame changes

Indicator shows the Strength of Support and Resistance Zones:

This indicator uses fractals and ATR indicator to find and draw support and resistance zones on price chart. Zones have different strength that are:

  • Weak fresh zones: high and low points in trend that price didn't touch them again yet
  • Fresh zones: important high and low points (major turning points) that price didn't touch them again yet
  • Verified zones: strong zones, price touched them before but couldn't break them
  • Proven zones: verified zone that at least four times the price can't break it
  • Broken zones: zones that price breaks them (not applied for weak zones)

Pivot Points Features:

  • Support and resistance zones indicator shows the daily, weekly and monthly pivot point levels on the chart.
  • You can receive alert when price breaks a pivot point level or returns to it.
  • You can choose between 5 different calculation type of pivot points (standard, fibonacci, camarilla, woodie and demark).

Different Alert Types:

You can enable the following alerts at the same time in the indicator settings.

  • when candle moves into a zone and closes inside it
  • when price leaves (returns from) a zone and closes outside and also price is higher or lower than previous candle
  • when price breaks a zone and closes outside of zone

Find Nested Zones at a glance:

In panel you can see if price enters or leaves support and resistance zones in more than one timeframe at the same time. Also alert shows nested zones in other timeframes in the indicator parameters you can set the number of nested zones that must be found before alert triggers.

Use the power of Support and Resistance zones in your EAs:

This indicator has a fast and lightweight version that you can use it in the code of expert advisors and indicators for accessing the values of nearest S/R zones to price in all timeframes.

  • Bridge is included in the lifetime licenses of the indicator, contact me after buying the scanner and I'll send the bridge to you.
  • You will receive a sample EA to see how to use the bridge in expert advisor code with iCustom function .

Please check out indicator blog page for more info about the bridge.

If you have any question, please ask in the comments section. I'll do my best to answer your questions.


Comentarios 5
abobasel99
184
abobasel99 2023.07.12 09:54 
 

السلام عليكم سوف تتلقى نموذج EA لمعرفة كيفية استخدام الجسر في كود

tunck
1164
tunck 2023.07.07 03:56 
 

This should be 4 stars or up. Just hope the developer could improve R/S blocks a bit.

simonlongster
195
simonlongster 2022.08.22 11:15 
 

Just purchased and works perfectly. I'm sure this will improve my trading :) Great job Amir. Thanks :)

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Filtro:
abobasel99
184
abobasel99 2023.07.12 09:54 
 

السلام عليكم سوف تتلقى نموذج EA لمعرفة كيفية استخدام الجسر في كود

Amir Atif
61153
Respuesta del desarrollador Amir Atif 2023.07.12 13:16
Hi Abobasel
I sent the bridge file and the sample EA to you.
Please let me know if you have any questions.
Regards
tunck
1164
tunck 2023.07.07 03:56 
 

This should be 4 stars or up. Just hope the developer could improve R/S blocks a bit.

Terry Alan Lamb
478
Terry Alan Lamb 2022.12.08 01:23 
 

From what I have seen the entire indicator repaints and that’s a problem.

Amir Atif
61153
Respuesta del desarrollador Amir Atif 2022.12.08 11:12
Hi Terry, thanks for your feedback.
Indicator doesn't repaint, it removes the support and resistance zones when they are not valid anymore and finds newly formed zones.
Regards
simonlongster
195
simonlongster 2022.08.22 11:15 
 

Just purchased and works perfectly. I'm sure this will improve my trading :) Great job Amir. Thanks :)

Amir Atif
61153
Respuesta del desarrollador Amir Atif 2022.08.24 18:29
Hi Simon, thank you, please pm me if you have any suggestions to improve the indicator.
bighead1971
2355
bighead1971 2022.08.16 05:42 
 

Good. it would have been 5 stars if the charts can be opened with my own saved template.

Amir Atif
61153
Respuesta del desarrollador Amir Atif 2022.08.19 12:03
Hi
Thanks for your suggestion, in the new version I added 2 parameters to the indicator so you can select to open a new chart by clicking on a timeframe button, and you can write the name of your saved chart template.
Regards
Respuesta al comentario
Versión 4.1 2022.12.04
+ Now indicator can show zones of multiple higher timeframes on the chart.
! Minor bug fixes and improvements.
Versión 4.0 2022.11.09
+ Pivot point lines and alerts (daily, weekly, and monthly) added to the indicator.
+ Input parameters modified and updated.
Versión 3.1 2022.10.20
+ You can now choose when the indicator check for alerts: on timeframe candle close or on 1-minute candle close.
+ More informative alert messages.
Versión 3.0 2022.10.16
+ 2 more candle filters added to the indicator: "Min. candle body to height ratio" and "Min. candle height to zone height ratio".
+ The panel buttons now show whether the price is in the S/R zones (previously the buttons only showed the price moving in, out or breaking the zones).
+ Now you can choose to disable finding the proven and verified zones (for those who want to work only with fresh zones).
+ "Weak" and "Untested" names for zones changed to more meaningful names "Weak fresh" and "Fresh".
+ 2 parameters "Fractal Fast Factor" and "Fractal Fast Factor" added for more compatibility with "Shved Supply and Demand" indicator.
! Now panel retains its min/max state when timeframe changes.
Versión 2.4 2022.09.11
+ A new option added to only show nearest zones to the price on the chart, this way you can have a cleaner chart to add your indicators and objects.
Versión 2.3 2022.08.19
Now you can select that by clicking on the timeframe buttons, instead of changing the chart timeframe, a new chart opens with your selected chart template.