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Support and Resistance Zones

Support and Resistance Zones is a robust indicator that automatically identifies the most important historical support and resistance zones using big data algorithms.

Support and Resistance Zones indicator is formed by two main algorithms:

  1. Peak detection algorithm – that identify the historical price reversal levels.
  2. Custom cluster algorithm – that eliminate the outliers and assembles into zones the price levels detected by the peak detection algorithm.

Support and Resistance Zones Indicator parameters:

  • Color – is going to determine the color of the support and resistance zones.
  • History Bar – controls the numbers of historical prices that the indicator will use to compute the support and resistance zones. You can increase the number of bars to take more advantage of the history, or you can reduce it to only take advantage only of recent data.
  • TimeFrame – is controlling the computing timeframe of the indicator.
  • Snap To Price State – is a feature that is going to keep the chart relatively clean. By activating this feature, you are going to see on the chart only the support and resistance zones that exist in the neighborhood of the last traded price. You can also control the neighborhood distance by changing the Snap To Price Percentage parameter.
Vannellex
61
2016.10.29 03:49 
 

Developer actually listens and offered great support, will be awaiting for future updates. Thank you. 👍

John Pagio
892
2016.10.08 08:03 
 

Thank you

Zhang Alexander
141
2016.10.06 07:09 
 

User didn't leave any comment to the rating

Version 8.1 - 2017.01.13
1. Small improvements on algo stability
2. Improvements on display side
Version 8.0 - 2016.11.10
1. Improved the algorithm cluster algorithm - more zones and more stability
2. Added the support and resistance zones power - a S & R percentage of power in history for every zone dectected
3. Added a main title with info
Version 7.7 - 2016.10.19
Added weights on points given their level of strengths.
Version 7.6 - 2016.09.26
Updated the description of the product. Added the specification of the algo in the about section.
Version 7.5 - 2016.09.02
Improved the performance of the indicator and the quality of the support and resistance zones.
Version 7.3 - 2016.06.14
Performance and stability improvements
Version 7.2 - 2016.05.04
Algorithm improvements.
Version 7.1 - 2016.04.21
Performance and stability improvements
Version 7.0 - 2016.04.07
1. Algorithm improvements.
2. Added the possibility to control the history interval through the parameter "History Bars".
Version 6.1 - 2015.12.04
Minor improvements.
Version 6.0 - 2015.12.01
Major algorithms and performance improvements - I added hierarchical clustering single linkage method as a main merging algo
Version 5.1 - 2015.11.25
Minor improvements
Version 5.0 - 2015.11.23
Algorithms improvements.
Version 4.1 - 2015.11.17
Performance Improvements.
Version 4.0 - 2015.11.11
Improvements on the Cluster Algorithm (added more precision)
Version 3.0 - 2015.10.30
Performance and stability improvements
Version 2.0 - 2015.10.28
Algorithms improvements
Version 1.1 - 2015.10.26
I just added a new feature that changes the color of the support and resistance zones to a lighter color if they are weak zones. Also, I changed some parameters.