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Support and resistance levels

The indicator displays the probable support and resistance levels.

The indicator settings:

  • Trends - the mode for displaying trend lines or horizontal lines of support and resistance
    • Yes - display trend lines only
    • No - display horizontal lines only
  • UseResource - use the resources built into the indicator.
    • Yes - use the ZigZag indicator from the resources of the product.
    • No - use a custom ZigZag indicator.
  • HistoryBar - the number of bars in history for displaying the levels
  • CountBar - the number of bars starting from the current to search for the support and resistance levels
  • Settings of the ZigZag indicator used in the product:
    • Depth — the minimum number of candlestick, for which Zigzag will not draw the second maximum (or minimum), if the last one is Deviation less (or greater) than the previous one;
    • Deviation — the minimum number of points between the Highs/Lows of two adjacent candlesticks for the Zigzag to form a local top/bottom;
    • Backstep — the minimum number of candlesticks between the local Highs/Lows.
See other products by this author: order copier - https://www.mql5.com/en/market/product/7702
paul_van_reyn
58
paul_van_reyn 2019.07.11 12:43 
 

Очень полезны индикатор, даётт полное представлление о зонах накопления и распределения

Tim Eubanks
5406
Tim Eubanks 2019.06.07 18:12 
 

Very useful tool, and it's free! 非常有用的工具,它是免費的!

Qun Li
499
Qun Li 2019.06.06 21:55 
 

Der Benutzer hat keinen Kommentar hinterlassen

Rashondra Salters
77
Rashondra Salters 2019.05.01 23:27 
 

Der Benutzer hat keinen Kommentar hinterlassen

Mohammad Rajaur Rahman
278
Mohammad Rajaur Rahman 2019.03.16 19:28 
 

Very good indicator.

sonny1
205
sonny1 2018.12.12 17:14   

poor quality

sunnychow
7263
sunnychow 2018.08.26 18:05 
 

Good indicator, Thanks!

Dmitry Karagusov
375
Dmitry Karagusov 2018.06.29 16:58 
 

Если появится алерт на пробитие будет 5 звезд

Mauro Giuseppe Tondo
1681
Mauro Giuseppe Tondo 2018.06.05 23:01 
 

Der Benutzer hat keinen Kommentar hinterlassen

Zentrader2015
1136
Zentrader2015 2017.09.27 04:21 
 

Der Benutzer hat keinen Kommentar hinterlassen

Ali irwan
5166
Ali irwan 2017.07.20 00:21 
 

Nice ,thank alexandr

Qingshan Li
561
Qingshan Li 2017.07.18 21:19 
 

thanks for the indicator. it was great. If you consider to MTF, that would be awesome!

Nikolay Gaylis
17217
Nikolay Gaylis 2017.06.26 23:54 
 

Der Benutzer hat keinen Kommentar hinterlassen

Vyacheslav Korolev
17338
Vyacheslav Korolev 2017.05.05 13:58 
 

Der Benutzer hat keinen Kommentar hinterlassen

laith.H
52
laith.H 2017.05.04 13:06 
 

Very useful,Thanks.

rakyan
445
rakyan 2017.04.15 12:24 
 

Der Benutzer hat keinen Kommentar hinterlassen

Gennadiy Voltornist
12019
Gennadiy Voltornist 2017.04.12 19:57 
 

Der Benutzer hat keinen Kommentar hinterlassen

pnutfx503
1293
pnutfx503 2017.02.16 07:28 
 

Very useful, good job

Maksym Mudrakov
21104
Maksym Mudrakov 2016.08.30 19:24 
 

Der Benutzer hat keinen Kommentar hinterlassen

Version 2.5 2018.11.26
The informational message displayed in the lower right corner of the chart to which the indicator is attached has been deleted.
Version 2.1 2017.04.25
Fixed the text of the information message which appears when a new support/resistance level is identified.
Added the indicator message in the bottom right corner of the chart, to which the indicator is attached.
Added a new "Trends" mode for displaying the support and resistance lines. The standard ZigZag is used for identification of levels in this mode. Parameters of the ZigZap have been moved to settings. The parameters provide the ability to select (UseResource) the ZigZag to be used - the one attached to the indicator as a resource or a custom ZigZag. When UseResource=No, the indicator loads faster.