Support and Ressistance

Last Day Support & Resistance

Platform: MetaTrader 5
Type: Custom Indicator
Display: Chart Window (Overlay)

Functions:

  • Calculates Support and Resistance zones based on high/low patterns of the previous day.

  • Uses a sliding sampling window ( SampleWindowSize ) to detect recent price ranges.

  • Detects potential support if current price range is significantly below previous highs.

  • Detects potential resistance if price range is significantly above previous lows.

  • Updates four output buffers:

    • LDResistanceHigh – potential resistance top

    • LDResistanceLow – potential resistance base

    • LDSupportHigh – potential support top

    • LDSupportLow – potential support base

Input Parameters:

  • SampleWindowSize (default: 10)
    Number of candles used to detect a relevant price segment (mini-range).

Output Values:

  1. LDResistanceHigh / LDResistanceLow

    • High and low boundaries of recent price action above prior range → interpreted as resistance zone.

  2. LDSupportHigh / LDSupportLow

    • High and low boundaries of recent price action below prior range → interpreted as support zone.


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PUMPING STATION – Your Personal All-inclusive strategy Introducing PUMPING STATION — a revolutionary Forex indicator that will transform your trading into an exciting and effective activity! This indicator is not just an assistant but a full-fledged trading system with powerful algorithms that will help you start trading more stable! When you purchase this product, you also get FOR FREE: Exclusive Set Files: For automatic setup and maximum performance. Step-by-step video manual: Learn how to tr
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