General Settings

• Use White Background Chart:  true or false

• Button Text Size:  8 = default, 0 = no buttons

• Use Support and Resistance:  Switch on and off S/R

• Use Decision Candle:  Switch on and off Decision Candle

• Use Probability Module:  Switch on and off Probability Module

• Use Pivot Module:  Switch on and off Pivot Module

• Use Ladder Module:  Switch on and off Ladder Module

Support Resistance Setting

• Time frame for SR detection

• Window: default=10

• Depth: 1000

• Use Equal Number of Support and Resistance

• S/R Maximum Distance in Pips

• S/R Minimum Distance in Pips

• S/R Filter Level: default=3

• S/R Line Width

• S/R Line Length

• Line colour for support

• Line colour for resistance

Decision Candle Setting

• Bars to scan

• Line Color for box

• Line Width for box               

• Enable sound alert if pattern is found

• Send email if pattern is found

• Send notification if pattern is found

• Standard Devision Period

• Projection Horizon

• Line color for level

• Line Width for level

• Price Label Size

• Text Font Size

• Text color

• Open Price Line color

• Use Line 1

• Use Line 2

• Use Line 3

• Use Line 4

• Use Line 5

• Use Line 6

• Days to display

• Line Color for middle pivot line

• Line color for resistance

• Line color for supports

• Line width

• Price Lable size

• Text Font Size

• Text Color

• Ladder Level 1:   enter the price level for your analysis

• Ladder Level 2:   enter the price level for your analysis

• Ladder Level 3:   enter the price level for your analysis

• Ladder Level 4:   enter the price level for your analysis

• Ladder Level 5:   enter the price level for your analysis

• Ladder Level 6:   enter the price level for your analysis

• Ladder Level 7:   enter the price level for your analysis

• Ladder Level 8:   enter the price level for your analysis

• Ladder Level 9:   enter the price level for your analysis

• Ladder Level 10:  enter the price level for your analysis

• Line length in candle bars

• Line width

• Line Price Label Size

• Ladder offset 1: control distance between ladder lines

• Ladder offset 2: control distance between ladder lines

• Line color

Precision Support Resistance updated to version 7.2 Update Release

Please read this instruction carefully for new updated version (7.2 onwards). We had many customers not reading the instruction. If you don’t, of course, you are not capable of making the best use of our products.

In version 7.2 onwards, you can use two different mode for Support Resistance detection. You can control the mode using Auto Lock input.

Mode 1 (Auto Lock = true): less responsive to market change. This means that the support and resistance will be updated less frequently.

Mode 2 (Auto Lock = false): more responsive to market change. This means that the support and resistance will be updated more frequently. To make use of this feature best, you have to use Lock and unlock feature of each support and resistance levels. How to lock and unlock each support and resistance levels are show in the screenshot.

Why Mode 1 and Mode 2 is different ?

Understand the principle of that support become resistance once the price move below support. Likewise, the resistance become support once the price move above the resistance. This relationship is taking account in Mode 2. Therefore it is more responsive. Mode 1 (Auto Lock = true) does not take account for this (it will change colour but not the support and resistance level itself.).

When you are using Mode 2, it is better you should lock the tactically important support and resistance levels for your trading. To do so, just double click over the support and resistance line in your chart. To remove the locked levels, simply delete it by yourself from chart or just unselect the rectangle box then it will remove the box and other lines from your chart.

If you are consider yourself as the less tactical person, then just go for the Mode 1 (Auto Lock = true). Then you have to do less on locking and unlocking with the tactical levels. I personally prefer to trade only on certain support and resistance levels. But who know, you are doing something totally different. In that case, just go for Mode 1. Once your trading skills get better, then go for Mode 2 gradually according to your own preferences.

New update can be downloaded for mql5.com customers, for http://algotrading-investment.com customers and for ebay.com customers.

https://www.mql5.com/en/market/product/15025

https://www.mql5.com/en/market/product/15010

http://algotrading-investment.com/portfolio-item/precision-support-resistance/