Market / MetaTrader 5 / Indicators /

Support and Resistance MTF

30 USD

Published: 15 July 2025

Current version: 1.0

Support and Resistance MTF

Indicators
Mohammed Zakana Al Mallouk
Version: 1.0
Activations: 5

Overview
Support & Resistance (MTF) is a MetaTrader 5 indicator that automatically identifies swing highs (resistance) and swing lows (support) across up to three timeframes. It merges nearby levels to reduce clutter, adapts zone width to market volatility using ATR, and offers optional alerts when price breaks or retests those levels.

Features

Multi-timeframe pivot detection
Identify pivots on the current chart plus two higher timeframes using a configurable pivot length.
Merge-distance grouping
Automatically combine levels closer than a specified number of points to highlight the most significant zones.
ATR-based zone width
Dynamically size support/resistance bands by multiplying ATR by a user-defined factor.
Style options
Choose between precision lines or colored boxes; customize colors, line style, width, and label placement.
Break & retest alerts
Detect price breaks or retests (by wick or by close) and mark them with on-chart arrows plus optional popup, sound, or email notifications.
Dynamic labels
Each level shows its source timeframe and exact price.
Performance-optimized
Efficient looping and array handling keep CPU load minimal.

Inputs

PivotLength (integer): bars on each side to define a high or low pivot
MinStrength (integer): minimum number of retests required to display a level
InvalidationMethod (WICK / CLOSE): choose whether a wick break or a close break invalidates a level
MergeDistance (points): minimum separation for distinct levels
ZoneWidthATR (decimal): ATR multiplier for zone height
DisplayStyle (LINES / ZONES): draw levels as lines or boxes
ShowBreakRetests (true / false): enable on-chart arrows and alerts
UseTF1–3 (true / false): enable detection on each timeframe (current, higher1, higher2)
TF1–3 (timeframe): e.g. PERIOD_CURRENT, M5, H1, H4
LineColor / BoxColor / TextColor: colors for each level type
LineStyle / LineWidth: style and thickness for lines or box outlines
AlertPopup, AlertSound, AlertEmail (true / false): notification preferences

How to Use

Attach the indicator to any chart.
Enable and set your three timeframes (for example M5, H1, D1).
Define pivot length, merge distance, ATR multiplier, and display style.
Customize colors, line styles, and alert options.
Observe support and resistance levels as they appear, merge intelligently, and receive alerts on breaks or retests.

Disclaimer
This indicator is provided for analytical purposes only. It does not guarantee trading signals or results.

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