Market / MetaTrader 4 / Indicators /

Better Support Resistance

30 USD

Demo downloaded: 1 694

Published: 17 December 2015

Current version: 1.1

Better Support Resistance

4.4

Indicators
Paul Geirnaerdt
Version: 1.1
Updated: 28 March 2020
Activations: 10

Better Support & Resistance shows the best support and resistance lines and zones. It is based on Fractals with the factor of your choice. All fractals are assembled, weighted, extended and merged into a clear set of support and resistance lines. The immediate nearby lines are shown as zones when price is in that zone.

Better Support & Resistance gives you the best overview of the important price levels.

Settings

Better Support & Resistance's default settings are good enough most of the time. Nearly all of them are fairly standard. Here are the ones that need some explanation.

Fractal factor (2..10) - set this to the factor for the Fractals, minimum is 2, maximum is 10. The higher the number, the deeper the Fractal. Play with this.
Timeframe - you know what this is. Set to the timeframe for which to show the Support & Resistance.
Color Palette - set to 'Dark' or 'Light', whatever your preference is. 'Come to the Dark Side, Luke'.
Colors - you know what to do.

Display

The Fractals are shown as a circle with the Factor number in it.
Support and Resistance are shown by lines starting at or near the defining Fractal. A line can be the result of extending and merging several other lines.
The high and low of the nearest Support and Resistance zones are shown as a dotted horizontal line.
A colored zone is displayed if price is in that zone. This signals a possible reversal.

Better Support & Resistance is an invaluable tool to shine a light on possible reversal zones.

Do not hesitate to contact me. Let me know what you think of Better Support & Resistance. Only with your help, I can create better tools for MT4.

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2716

Fallet Willy 2019.03.28 17:23 #

nice

2702

cvdestyfx 2018.04.19 18:55 #

By far the best support and resistance indicator I have ever used.

sunshinetrade 2016.12.23 19:19 #

Using this with MonsterDash, just awesome, great job :)

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Breakout Hero is a Multi Symbol , Auto Timeframe , Breakout Expert Advisor . It recognizes breakout patterns and will set pending trades. When triggered Breakout Hero will monitor trades and adjust the stop loss. Breakout Hero is a multi symbol EA, it will trade EURUSD, GBPUSD, USDJPY and USDCAD. Also, Breakout Hero is auto timeframe. Just drop Breakout Hero on any chart and start trading. Only one chart is needed, Breakout Hero will trade the symbols you pick from the settings. You can monitor

99 USD

Dark Rider is a Night Scalper Expert Advisor . It recognizes overbought and oversold conditions in the hours after close of the New York Exchange and trades accordingly. Dark Rider features an on screen monitor and settings panel on which you can monitor your status and progress. A signal for Dark Rider can be found here . New in version 1.5 The option 'Stay in trending trades' is new for version 1.5. It will keep you in trending trades. Profitability has been increased while drawdown has be

149 USD

Diverence Dash is a MACD, RSI, OBV, Momentum, Stochastic or Standard Deviaviation Divergence Dashboard. It will scan all symbols and timeframes you want. Also, Divergence Dash can open charts with the divergence found using the template of your choice. Divergences are often used as a leading indicator and, by using Divergence Dash, are easy to spot. The risk/reward ratio in divergence trading is very low. What can Divergence Dash for you: Find MACD, RSI, OBV, Momentum, Stochastic or Standard Dev

59 USD

NEWS Price increased to $249 from $149 on September 16th. Buy Fusion Trader v2 and get Donchian Trader for free. (limited to 3 account numbers) Fusion Trader v2 is a Multi Symbol , Auto Timeframe , Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader v2 is a complete rewrite from v1, it trades different and more symbols. With default settings Fusion Trader has gained 5% monthly on ave

249 USD

Donchian Trader is a Multi Index , Auto Timeframe , Expert Advisor . It features a Donchian Channel strategy for different indices on the daily timeframe. Donchian Trader will monitor trades and adjust to market conditions. Donchian Trader is a multi index EA, For now, it will trade the Dow Jones (US30), S&P 500 (US500) and DAX (GER30). Also, Donchian Trader is auto timeframe. Just drop the EA on any chart and start trading. Only one chart is needed, Donchian Trader will trade the indices

249 USD

MonsterDash Harmonics Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for th

169 USD

NEWS Price v4 now $799 for a limited period. Fusion Trader v4 is a Multi Symbol , Auto Timeframe , Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader v4 is a partial rewrite from v3, it trades differently and more symbols. The Scalping system now uses market orders instead of stop orders. It is 100% Metatrader 5 compatible. Fusion Trader v4 is a multi symbol EA, For now, it will tra

799 USD

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Ahmet Aktas 2020.01.29 08:16 #

Nice indicator, but it does not refresh itself. Lines stay at the last point unless you refresh the indicator manually.

2716

Fallet Willy 2019.03.28 17:23 #

nice

2702

cvdestyfx 2018.04.19 18:55 #

By far the best support and resistance indicator I have ever used.

sunshinetrade 2016.12.23 19:19 #

Using this with MonsterDash, just awesome, great job :)

247

darktideac2 2016.04.08 11:23 #

Really great tool - I am using it in combination with the harmonic pattern indicator, and it work out very well.

Version 1.1 2020.03.28

Upgraded to MT4 build 1220