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Basic Support and Resistance Indicator

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Published: 15 July 2025

Current version: 1.0

Basic Support and Resistance Indicator

Indicators
German Pablo Gori
German Pablo Gori
Developer Algoritmic Software & Trader at Code4Trading

Argentina

5118
3.1 (6)
Developer Algorithmic Software & Trader | Founder CODE4TRADING
Argentina | 9 years as Retail Trader | 1000+ active traders using our products
CODE4TRADING: Democratizing Professional Trading Tools for Every Trader

29 products 1 comment
Version: 1.0

> Elevate Your Trading Strategy This free tool is just the beginning. At code4trading, we specialize in developing high-performance indicators and Expert Advisors designed for precision and professional-grade analysis.
Looking for more advanced features? Discover our full suite of premium tools, including optimized signals, advanced oscillators, and institutional-grade trading utilities at our official MQL5 store.

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What is this indicator?

This Basic Support and Resistance Indicator -Free- is designed to help traders automatically identify key market levels, such as supports and resistances, across multiple symbols and timeframes within the MetaTrader 5 (MT5) platform. It is an essential tool for trading in different financial markets, such as forex, indices, commodities, and cryptocurrencies.

Main Features

Automatic Detection of Support and Resistance Levels:
- Automatically analyzes key levels based on local highs and lows.
- Uses an advanced algorithm to identify levels with greater accuracy .
Support for Multiple Symbols and Timeframes:
- Allows analysis of multiple currency pairs or assets at the same time (e.g., EURUSD, GBPUSD, USDJPY).
- Works across multiple timeframes (M1, H1, H4, D1, etc.) .
Customizable Settings:
- Adjust the number of historical periods to look back ( LookbackPeriod ).
- Define the minimum number of touches required to validate a level ( TouchesRequired ).
- Set a tolerance in points to consider a touch ( TolerancePoints ) .
Clear and Customizable Visualization:
- Displays horizontal lines on the chart with customizable colors for supports (default blue) and resistances (default red).
- Optionally displays labels with relevant information (symbol, timeframe, and number of touches) .
Update Frequency:
- Automatically updates every set number of seconds to reflect the latest levels .
Easy to Use:
- Does not require advanced technical experience, as it comes with default settings ready to use.
- Ideal for both beginner and experienced traders .

Advantages of the Indicator

Saves Time: Automates the detection of key levels, avoiding hours of manual analysis.
Greater Accuracy: Uses advanced algorithms to identify levels with a high probability of success.
Flexibility: Adaptable to any trading style, whether intraday, swing trading, or long-term investing.
Free and Accessible: This indicator is available for free, making it a perfect tool for traders looking to improve their analysis without additional costs .

System Requirements

MetaTrader 5 platform installed.
Internet connection (optional, for automatic updates).
Compatible with Windows and mobile devices .

How to Use It

Download and install the indicator on your MetaTrader 5 platform.
Customize the parameters according to your preferences (symbols, timeframes, etc.).
Apply the indicator to the chart of any asset and let it do the work for you.
Use the detected levels to make informed trading decisions.

Why Choose This Indicator?

This indicator combines simplicity, effectiveness, and versatility, making it an indispensable tool for any trader looking to improve their technical analysis. In addition, being free, it is an accessible and useful option for all MetaTrader 5 users .

Download this indicator today and start trading with more confidence and precision!

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Screenshot #1 Basic Support and Resistance Indicator

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**Risk Guard Dashboard MT5 (EA) – Scanner + Risk Manager + Execution Panel** Risk Guard Dashboard MT5 is a professional assistant for MetaTrader 5 that integrates into a single panel: a multi-timeframe scanner, Prop Firm-style risk control, performance statistics, and an execution panel. Designed with institutional aesthetics, high readability, and optimized performance for monitoring multiple symbols in real-time. **Main Features** • **Multi-symbol and Multi-timeframe Scanner:** simultaneou

FREE

Squeeze Momentum Force is an advanced technical analysis indicator designed for MetaTrader 5. It combines volatility squeeze detection with momentum analysis to identify high-probability trading opportunities. Based on John Carter's original concept, this enhanced version incorporates: Multi-Timeframe (MTF) analysis. Divergence detection. Volume weighting. Modern user interface for quick market interpretation. The indicator identifies periods of low volatility (squeeze) that typically precede si

FREE

> Elevate Your Trading Strategy This free tool is just the beginning. At code4trading , we specialize in developing high-performance indicators and Expert Advisors designed for precision and professional-grade analysis. Looking for more advanced features? Discover our full suite of premium tools, including optimized signals, advanced oscillators, and institutional-grade trading utilities at our official MQL5 store. > Explore the full catalog here: https://www.mql5.com/en/users/pablog

FREE

> Elevate Your Trading Strategy This free tool is just the beginning. At code4trading, we specialize in developing high-performance indicators and Expert Advisors designed for precision and professional-grade analysis. Looking for more advanced features? Discover our full suite of premium tools, including optimized signals, advanced oscillators, and institutional-grade trading utilities at our official MQL5 store. > Explore the full catalog here: https://www.mql5.com/en/users/pablogx9/seller

FREE

MacD Custom Indicator MTF Plus is a professional MetaTrader 5 port of the original " CM_MacD_Ult_MTF " indicator created by ChrisMoody for TradingView . This version was developed by code4trading for Free provide the MT5 community with high-quality, free access to this proven methodology. Original Concept: ChrisMoody (TradingView) MT5 Development: code4trading Version: 1.0 The Moving Average Convergence Divergence (MACD) is a cornerstone of technical analysis, functioning as a trend-following m

FREE

SUITE TRINITY v3.3 -- Institutional Trading Integrated Solution for MetaTrader 4 Suite Trinity v3.3 is a comprehensive, professional-grade technical analysis indicator designed for MetaTrader 4 that consolidates four powerful analytical modules into a single, unified tool. Developed for serious traders who demand institutional-level market insight without the complexity of managing multiple separate indicators, Trinity Suite delivers actionable intelligence directly on the chart through an eleg

46 USD

Advanced 4-timeframe stochastic alignment indicator with non-repainting signals, MTF dashboard, scoring system, and 8 signal types. Professional-grade. Market-ready. The most complete multi-stochastic signal indicator for MetaTrader 5. Stoch Quad Rotation Signal detects high-probability trading opportunities by analyzing the simultaneous alignment of four stochastic oscillators running at different speeds — from fast scalping-level to slow macro-trend level. When all four agree, the signal ca

56 USD

Swing Sentinel EA is an intelligent Expert Advisor designed to operate in trends with strategic pullbacks. This system uses advanced technical analysis to identify entry opportunities in major trends with professional risk management. Key Features Professional Strategy - Trend following with intelligent pullbacks - D1 timeframe specific optimization - Integrated multi-timeframe analysis Multi-Layer Validation System - Multiple confirmation filters - Institutional analysis included - Layered s

129 USD

GoldMiner EA Pro MT5 - Advanced Neural Trend Trading for XAUUSD SUMMARY Unlock the power of automated gold trading with GoldMiner EA Pro, a high-precision Expert Advisor specifically designed for the unique volatility of XAUUSD. Unlike generic bots, GoldMiner uses a proprietary confluence engine that combines institutional trend following with real-time volume validation to capture high-probability moves. WHY GOLDMINER EA PRO? Precision Entry Engine: Uses multi-level analysis (EMA, RSI, MACD)

49 USD

> Elevate Your Trading Strategy This free tool is just the beginning. At code4trading, we specialize in developing high-performance indicators and Expert Advisors designed for precision and professional-grade analysis. Looking for more advanced features? Discover our full suite of premium tools, including optimized signals, advanced oscillators, and institutional-grade trading utilities at our official MQL5 store. > Explore the full catalog here: https://www.mql5.com/en/users/pablogx9/

37 USD

Scanner Intelligence Hub - Multi-Active Monitoring 28+ Pairs Stop jumping from one chart to another. Scanner Intelligence Hub is the ultimate command center for the professional trader. Monitor dozens of assets and multiple timeframes from a single dashboard. Technical Capabilities: Real-time scanning: It detects candlestick patterns, mean crossovers, and RSI levels in 28 pairs simultaneously. Customizable Panel: Choose which indicators and timeframes you want the Scanner to monitor f

69 USD

EUR/USD PRO — Institutional Composite Indicator A professional-grade indicator optimized specifically for EUR/USD, integrating institutional analysis concepts into a single tool. This system combines DXY MTF analysis, session-based VWAP, ADR/ATR metrics, market structure (BOS/CHOCH), SMC (FVG/OB), cross-asset correlations, and a confluence panel with a floating signal. It features a Neumorphic UI with movable panels, pip-calculated spread display, and structured logging. Designed for universal

36 USD

Professional Trading System Optimized for Brent Crude Oil Alpha Brent Strategy Tools is a comprehensive technical analysis indicator specifically designed and optimized for trading Brent Crude Oil. This advanced system combines multiple proven trading methodologies, including Smart Money Concepts (SMC), Volume Spread Analysis (VSA), Multi-Timeframe Analysis, and the powerful Kurisko 4-Stochastic System, to provide high-probability trading signals. Key Features 1. Brent-Specific Optimization Vol

39 USD

PRECISIONFLOW EURUSD SCALPER is an EXPERT ADVISOR (EA) designed for the METATRADER 5 platform. It operates fully automatically and integrates an advanced risk management system with adaptive filters. The system allows for high customization, enabling users to adjust operations according to their risk tolerance, execution style, and specific broker conditions. TRADING LOGIC AND STRATEGY This Expert Advisor identifies buy and sell opportunities by combining the following technical elements: STRU

299 USD

SMC Liquidity MAX MT5 is an advanced Smart Money Concepts (SMC) indicator designed for intraday and swing traders seeking a clear and structured market reading. It integrates the key components of the institutional approach—structure, liquidity, and volume—into a single panel with real-time, optimized visualization. Core Features Market Structure: Automatic identification of BOS (Break of Structure) and CHoCH (Change of Character). Imbalance Zones: Fair Value Gaps (FVG) with automatic mitigatio

33 USD

Elevate Your Trading with code4trading Premium Tools This free indicator is a sample of our commitment to quality. If you find this tool useful, we invite you to explore our Premium Professional Suite. Our paid products offer advanced institutional-grade features, optimized algorithms, and exclusive technical support designed to give you a definitive edge in the markets. Visit our full catalog here: https://www.mql5.com/en/users/pablogx9/seller ChartTrade Commander PRO MT5 is the ultimate s

39 USD

> Institutional Grade Multi-Index Adaptive Indicator IndexViz Pro MT5 is a professional-grade, multi-index adaptive indicator designed for traders who demand institutional-level analysis across multiple markets simultaneously. Built for MetaTrader 5, IVP combines over 20 analytical modules into a single, unified visual dashboard that monitors stock indices, synthetic indices, commodities, forex pairs, and cryptocurrencies in real time. Unlike conventional indicators that analyze a single instr

57 USD

LineBreak Renko Fibonacci MT5 v1.0 The Institutional-Grade Synthetic Chart Engine with Adaptive Fibonacci Overlay LineBreak Renko Fibonacci MT5 is a professional MetaTrader 5 indicator that transforms any standard price chart into a clean, trade-ready synthetic chart. It filters out market noise and reveals the pure, underlying structure of price movement. The tool combines three of the most respected trend-filtering methodologies in institutional trading (Line Break, Classic Renko, and ATR Re

36 USD

TRADEMASTER PRO SUITE v2.0 Institutional-Grade Signal Detection — 8-Layer Confluence Engine TradeMaster Pro Suite is a professional-grade custom indicator built for traders who demand quality over quantity. Rather than relying on a single indicator or a fixed threshold, it evaluates every potential signal through 8 independent analytical layers. Each layer contributes a weighted score, and a signal is only generated when the combined score meets the user-defined minimum threshold. This approac

79 USD

Institutional Mean Reversion EA is a professional-grade, prop-firm-compliant Expert Advisor designed for MetaTrader 5. Built upon a sophisticated Bollinger Band mean-reversion strategy combined with RSI oscillation filters and an EMA-200 macro trend bias, this EA avoids reckless grids and dangerous martingale techniques. Every single trade is protected by a hard Stop Loss from inception, ensuring total risk governance. Key Trading Strategy & Features Strategy: Bollinger Bands mean-reversion

129 USD

DaySwingPro Institutional — Multi-Factor Day & Swing Trading Engine Confluence-based BUY/SELL signals with institutional risk management, Smart Money Concepts and a live HUD — engineered with a strict zero-repaint architecture. What is it for? DaySwingPro Institutional is built for day and swing traders who hold positions from one day to several weeks (recommended timeframes: H1, H4, D1 ). Instead of firing arrows on every minor fluctuation, it waits for the trend, momentum and mark

69 USD

DE40 RangePulse EA MT5 - Professional Open Range Breakout System Tested. Validated. Institutional-Grade Trading Automation. WHAT IS DE40 RANGEPULSE EA? DE40 RangePulse EA is a professionally designed Expert Advisor (trading robot) built to trade exclusively the GER40 (DAX40) index on MetaTrader 5. It utilizes the institutional Open Range Breakout (ORB) strategy combined with Artificial Intelligence, 7 advanced filters, and professional risk management to identify and execute high-probability t

247 USD

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Basic Support and Resistance Indicator

German Pablo Gori

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