• Overview
  • Reviews (4)
  • Comments (64)
  • What's new

PZ Support Resistance

Tired of plotting support and resistance lines? The Support Resistance is a multi-timeframe indicator that auto-detects and plots supports and resistance lines in the chart with a very interesting twist: as price levels are tested over time and its importance raises, the lines become thicker and darker.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Boost your technical analysis overnight
  • Detect important price levels without browsing through charts
  • Recognize the relative strength of all price levels at a glance
  • Save up to half an hour of plotting lines for every trade
  • The indicator displays the age of all price levels
  • The indicator is non-repainting

Past and present price levels are collapsed by proximity and adjusted to the current market action. Lines are drawn where the action is and not necessarily at the peaks.

  • Price levels get darker and wider as they get rejected over time
  • Unimportant price levels are cleared regularly to avoid noise
  • Customizable timeframe selection and collapse factor
  • It implements email/sound/push alerts for breakouts

Input Parameters

  • Indicator Settings: The indicator will read price from the current timeframe, but you can optionally select another one. For instance, you can display D1 support and resistance lines in H4 charts. You can also choose what amount of price levels to display on the chart, using the price level density parameter.

  • Color Settings: Enter your desired colors for support and resistance lines based on importance.

  • Label Settings: Optionally, labels that display the age of each support and resistance line can be displayed in the indicator. This is disabled by default. You can choose label font and size.

  • Alerts: Enable display/email/push/sound alerts for breakouts.

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

alisabar
447
alisabar 2016.05.24 13:36 
 

At D1 it works quite well.

gmackinnon
141
gmackinnon 2015.08.25 19:06 
 

Very useful indicator.

Works well if you follow the instructions on the website.

Monthly levels and higher are very clear support resistance areas.

pvanam46
21
pvanam46 2015.04.17 20:29   

Excellent indicator giving support and resistance levels at a glance. Well worth the money

Happy Mans World
1449
Happy Mans World 2014.12.26 17:47 
 

Average SR Indicator, and not worth the money paid for it.

Version 4.0 2017.02.10
- Simplified inputs
- Changed to horizontal lines instead of trend lines
Version 3.0 2016.05.25
- Added timeframe selection
- Added a free collapse factor value
- Added peak to valley ratio

Now you can see SR lines from higher timeframes in lower ones.
Version 1.2 2014.10.07
New feature: the indicator now displays the age of every support and resistance line with daily granularity. This is especially useful in small timeframes.
Version 1.1 2014.02.17
Important bug fixed that arised after MT4 buil 600 update.
The indicator crashed on W1 and MN1 charts.