PZ Support Resistance MT5

3.71

Unlock key market insights with automated support and resistance lines

Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate.

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

  • Boost your technical analysis
  • Customizable timeframe selection
  • Read price levels from the timeframe of your choosing
  • 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

Price levels are collapsed by proximity and adjusted to the current market action.

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

Input Parameters

  • Timeframe: Choose the period to read price data from. Can be current or higher.
  • Period: Zigzag period used to read price points from. Zero means the indicator will choose the best period.
  • ATR Period: ATR period used to collapse prices by proximity.
  • ATR Multiplier: ATR multiplier used to collapse prices by proximity. A higher value will produce less lines.
  • Max History Bars: Amount of past bars to iterate in the indicator finding prices.
  • Color Settings: Enter your desired colors for support and resistance lines based on importance.
  • Label Settings: Display or hide age labels and customise colors and sizes.
  • Alerts: Enable display/email/push/sound alerts for breakouts and fake breakouts.


Author

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

Reviews 7
Kevin D
171
Kevin D 2024.08.17 20:24 

I have bought multiple products from PZ over the past 14 years, they are always well coded and you get excellent support. I had bought the MT4 version of this indicator a number of years ago, with now having transitioned to using MT5, I was missing having this in my charts. I did start having an Mt4 and MT5 platform open, so I could still see the indiactor running and the levels on the charts, then I tried some other S&R indicators, but they don't show the age of the support and/or resistance lines, which is what I really missed. Have a look at the screen shots and you will see on the far right the age, this is really helpful in knowing if you are looking at a new S&R line, or one that has been holding for a long time. I use it on a M5 chart these days, and leave the setting on current, but you can set it to daily if you want to see the larger timeframe lines. If you do this, you will see D1 in text on the S&R line, even if you are looking at and on an M5 chart which is really helpful.

Taffylola
313
Taffylola 2019.07.23 05:12 

Easy to use and accurate product love it. Great support. Highly recommend

hemmanuel
139
hemmanuel 2015.04.06 23:31 

Fantastic indicator.

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Turn every candle into a bid x ask footprint built from real tick data. See who is actually trading at each price, with delta, volume profile, imbalance zones and a scored setup engine that prints entry, stop and target Order Flow Footprint Chart Pro Most indicators tell you what price did. This one tells you who did it. Order Flow Footprint Chart Pro rebuilds every candle on your chart from raw tick data and shows you the volume that traded at each individual price inside it, split into the am
The Oracle Pro
Ottaviano De Cicco
5 (1)
Indicators
The Oracle Pro: Synthetic Multi-Timeframe Bias Engine for MT5 Halloween Promo — 35% OFF The market gets spooky. Your edge stays sharp. Save 35% before this offer fades into the mist. The Oracle Pro is now USD 194 (regular USD 299). The Oracle Pro is a premium multi-timeframe bias engine for MetaTrader 5, built for demanding and professional traders. It answers one question with discipline: what is the directional bias on each timeframe right now, how strong is it, and how much do the timefra
Quantum TrendPulse
Bogdan Ion Puscasu
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Indicators
Introducing Quantum TrendPulse , the ultimate trading tool that combines the power of SuperTrend , RSI , and Stochastic into one comprehensive indicator to maximize your trading potential. Designed for traders who seek precision and efficiency, this indicator helps you identify market trends, momentum shifts, and optimal entry and exit points with confidence. Key Features: SuperTrend Integration: Easily follow the prevailing market trend and ride the wave of profitability. RSI Precision: Detect
Advanced Supply Demand MT5
Bernhard Schweigert
4.53 (15)
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Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potential of Advanced Supply
SSS Scalping Smart Signals MT5 Indicator
Muhammad Usman Siddique
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The UZFX {SSS} Scalping Smart Signals v5.0 MT5  is a Non Repaint high-performance trading indicator designed for Scalpers, Day Traders, and Swing Traders who demand accurate, real-time signals in fast-moving markets. Developed by (UZFX-LABS), this indicator combines price action analysis, trend confirmation, and smart filtering to generate high-probability buy and sell signals, Warning Signals, and Trend Continuation Opportunities across all currency pairs and timeframes.  Believe me its one of
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PZ TRADING SLU
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PZ Wolfe Waves MT5
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PZ 123 Pattern MT5
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PZ TRADING SLU
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PZ Sandwich Bars MT5
PZ TRADING SLU
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Spot high-probability trades: sandwich bar breakouts at your fingertips This indicator detects Sandwich Bars of several ranges, an extremely reliable breakout pattern. A sandwich setup consists on a single bar that engulfs several past bars, breaking and rejecting the complete price range. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Easy and effective usage Customizable bar ranges Customizable color selections The indicator implements visual/mail/push/sound ale
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PZ TRADING SLU
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PZ Lopez Impulse MT5
PZ TRADING SLU
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Transform your trading approach with reliable bullish and bearish patterns [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] This indicator evaluates volatility and price directionality simultaneously, which finds the following events. Decisive and sudden price movements Large hammers/shooting stars patterns Strong breakouts backed by most market participants Indecisive but volatile market situations It is an extremely easy to use indicator... The blue
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PZ Three Drives
PZ TRADING SLU
5 (2)
Indicators
This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It impl
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PZ Turtle Trading
PZ TRADING SLU
3.8 (10)
Indicators
The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Prod
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PZ Trendlines
PZ TRADING SLU
4.27 (11)
Indicators
Tired of plotting trendlines? The PZ TrendLines indicator applies a mechanical approach to the construction of trend lines for you! [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors Author Arturo López Pérez, private investor and speculator, softwar
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PZ Inside Bars
PZ TRADING SLU
4.2 (5)
Indicators
Enhance your price action strategy: inside bar breakouts at your fingertips This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of
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PZ Sandwich Bars
PZ TRADING SLU
4.5 (2)
Indicators
Spot high-probability trades: sandwich bar breakouts at your fingertips This indicator detects Sandwich Bars of several ranges, an extremely reliable breakout pattern. A sandwich setup consists on a single bar that engulfs several past bars, breaking and rejecting the complete price range. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] Easy and effective usage Customizable bar ranges Customizable color selections The indicator implements visual/mail/
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PZ The Zone
PZ TRADING SLU
4.33 (3)
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This indicator displays buy or sell signals according to Bill Williams' definition of the Trading Zone. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products   |  Get Help ] Easy to use and understand Avoid trading flat markets Deterministic indicator with clear rules The indicator is non-repainting It implements alerts of all kinds It has straightforward trading implications. A blue arrow is a buy signal A red arrow is a sell signal According to Bill Williams trading in t
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Kevin D
171
Kevin D 2024.08.17 20:24 

I have bought multiple products from PZ over the past 14 years, they are always well coded and you get excellent support. I had bought the MT4 version of this indicator a number of years ago, with now having transitioned to using MT5, I was missing having this in my charts. I did start having an Mt4 and MT5 platform open, so I could still see the indiactor running and the levels on the charts, then I tried some other S&R indicators, but they don't show the age of the support and/or resistance lines, which is what I really missed. Have a look at the screen shots and you will see on the far right the age, this is really helpful in knowing if you are looking at a new S&R line, or one that has been holding for a long time. I use it on a M5 chart these days, and leave the setting on current, but you can set it to daily if you want to see the larger timeframe lines. If you do this, you will see D1 in text on the S&R line, even if you are looking at and on an M5 chart which is really helpful.

Andres.Morelo
130
Andres.Morelo 2022.07.17 15:28 

Worst indicator I've ever tried

PZ TRADING SLU
859798
Reply from developer Arturo Lopez Perez 2022.08.28 13:46
Thanks for your review.
3015369
159
3015369 2021.01.16 15:45 

doesnt work at all

PZ TRADING SLU
859798
Reply from developer Arturo Lopez Perez 2021.05.08 17:36
I have updated the indicator today. I hope this version earns a better judgement. Thanks.
loveday iyalla
181
loveday iyalla 2020.07.26 15:53 

One of my favorite tool. I recommend .

Taffylola
313
Taffylola 2019.07.23 05:12 

Easy to use and accurate product love it. Great support. Highly recommend

hemmanuel
139
hemmanuel 2015.04.06 23:31 

Fantastic indicator.

Giovanni Pascoli
1697
Giovanni Pascoli 2014.04.08 18:40 

It is an Excellent indicator.

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