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ZigZag Support and Resistance Levels

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Published: 20 March 2026

Current version: 2.0

ZigZag Support and Resistance Levels

Indicators
Tshidiso Ephraim Mpakanyane
Tshidiso Ephraim Mpakanyane
South Africa

4876
4.7 (21)
6 products 6 codes 2 topics 4 comments
Version: 2.0
Updated: 28 August 2026

ZigZag Support and Resistance Levels (v2.0) is an indicator for MetaTrader 5 that identifies support and resistance levels based on ZigZag pivot points, now with an interactive on-chart control panel. It groups nearby levels into zones using a clustering method to help visualize areas where price has reacted multiple times, and distinguishes broken (breakout) levels from active (extension) levels.

Key Features

1. ZigZag Pivot Detection

Detects swing highs and lows using configurable Depth, Deviation, and Backstep parameters.

2. Support and Resistance Level Detection

Creates support levels from low pivots and resistance levels from high pivots.
Levels extend forward and remain active until price breaks through them.
Broken levels are shown as breakouts, distinct in color from active extension levels, with a configurable maximum breakout count.

3. Cluster Detection and Zone Visualization

Groups nearby levels into zones based on a configurable ATR-based merge distance.
Uses ATR to adapt clustering to current market volatility.
Option to show or hide cluster labels.

4. Interactive Panel & Visualization Controls

On-chart panel for live toggling of levels, clusters, cluster labels, horizontal lines, and the ZigZag overlay.
Independent color settings for breakout levels, extension levels, and cluster zones (high/low separately).
Adjustable label font size.
Panel settings persist between chart sessions.

Key Benefits

Provides a structured view of support and resistance based on price pivots.
Distinguishes broken levels from active ones at a glance.
Helps visualize areas where price has reacted multiple times.
Live, on-chart control over what's displayed — no need to reopen settings mid-analysis.
Self-contained: no separate indicators to install.

Who This Indicator Is For

Traders who use price action and want a systematic way to identify support and resistance levels.
Intraday and swing traders who need a clear view of price structure.
Users who prefer configurable, live-adjustable visualization of market levels and zones.

Input Parameters

Parameter Group	Parameter	Description
General
General	Lookback (Days)	Number of days of history to analyze.
ZigZag
ZigZag	Depth	Number of bars used to detect pivots.
ZigZag	Deviation	Minimum price movement required to form a pivot.
ZigZag	Backstep	Number of bars used to filter nearby pivots.
Cluster
Cluster	ATR Period	Period used for ATR-based calculations.
Cluster	Cluster Merge Distance (ATR)	Maximum distance between levels, in ATR multiples, to form a cluster.
Cluster	Max Breakout Count	Maximum number of breakouts tracked per level.
Visuals
Visual	High Breakout SNR Color	Color for broken resistance (high) levels.
Visual	Low Breakout SNR Color	Color for broken support (low) levels.
Visual	High Extension SNR Color	Color for active resistance (high) levels.
Visual	Low Extension SNR Color	Color for active support (low) levels.
Visual	High Cluster Color	Color for resistance cluster zones.
Visual	Low Cluster Color	Color for support cluster zones.
Visual	Font Size	Font size for level and cluster labels.
Panel (Live Controls)
Panel	Show Levels	Show or hide support and resistance levels.
Panel	Show Clusters	Show or hide cluster zones.
Panel	Show Cluster Labels	Enable or disable cluster labels.
Panel	Show Horizontal Lines	Show or hide horizontal cluster lines.
Panel	Show ZigZag	Attach or remove the underlying ZigZag overlay from the chart.

Summary

ZigZag Support and Resistance Levels v2.0 identifies support and resistance levels using ZigZag pivot data.
Levels are classified as breakout or extension, and grouped into ATR-based clusters to highlight areas of repeated price interaction.
An interactive on-chart panel gives live control over every visual element, with settings saved between sessions.

Disclaimer

Trading financial markets involves risk. This indicator does not guarantee any specific outcome and should not be used as the sole basis for trading decisions. It is intended for analytical purposes only.

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Screenshot #1 ZigZag Support and Resistance Levels

Screenshot #2 ZigZag Support and Resistance Levels

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Fibonacci Probability Zones is an indicator for MetaTrader 5 that scores the confluence and historical reliability of Fibonacci retracement levels across multiple timeframes, giving each level a direction and a confidence percentage rather than just a static line. Key Features 1. Dual Pivot Source Detects swings using either a Fibonacci ATR engine or the classic ZigZag (Depth, Deviation, Backstep) — selectable per instance. 2. Multi-Timeframe Analysis Runs the same Fibonacci grid across any co

49 USD

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abdulina4343 2026.04.07 01:44 #

После обновления индикатор теперь очень плохо работает, верните предыдущую версию

ZigZag Support and Resistance Levels

Tshidiso Ephraim Mpakanyane