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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
sunnychow
3088
sunnychow 2018.08.26 18:05 
 

Good indicator, Thanks!

Dmitry Karagusov
226
Dmitry Karagusov 2018.06.29 16:58 
 

Если появится алерт на пробитие будет 5 звезд

Mauro Giuseppe Tondo
1659
Mauro Giuseppe Tondo 2018.06.05 23:01 
 

Der Benutzer hat keinen Kommentar hinterlassen

Zentrader2015
673
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
461
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
8870
Nikolay Gaylis 2017.06.26 23:54 
 

Der Benutzer hat keinen Kommentar hinterlassen

Vyacheslav Korolev
16209
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
325
rakyan 2017.04.15 12:24 
 

Der Benutzer hat keinen Kommentar hinterlassen

Gennadiy Voltornist
12006
Gennadiy Voltornist 2017.04.12 19:57 
 

Der Benutzer hat keinen Kommentar hinterlassen

pnutfx503
1238
pnutfx503 2017.02.16 07:28 
 

Very useful, good job

Maksym Mudrakov
19289
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.