Market / MetaTrader 5 / Indicators /

Easy Support and Resistance

FREE

Published: 8 May 2026

Current version: 1.0

Easy Support and Resistance

Indicators
Danny Giovanni Romero Lozano
Danny Giovanni Romero Lozano
Quant Developer at Danny Romero

Colombia

2318
I am a quantitative trader and algorithmic developer specialized in building advanced trading systems for synthetic indices and high-volatility instruments. My expertise combines statistical modeling, market structure analysis, and systematic execution through custom-built indicators and Expert
Version: 1.0

EASY SUPPORT AND RESISTANCE

Visualize support and resistance levels across multiple timeframes with dynamic color-coded lines

Overview

This powerful MT5 indicator automatically identifies and highlights key price levels by drawing rectangles on the last closed candle and its first opposite-colored candle across six different timeframes (M15, M30, H1, H2, H4, D1). The lines dynamically change color based on price action confirmation, transforming into support or resistance levels when validated by subsequent price movement.

Key Features

Multi-Timeframe Analysis: Simultaneously monitors M15, M30, H1, H2, H4, and D1 timeframes

Smart Level Confirmation: Uses a 2-out-of-3 candle confirmation system to validate support/resistance levels

Dynamic Color Coding:

Green lines for support levels

Red lines for resistance levels

Opposite Candle Detection: Automatically finds and highlights the first candle of opposite color

Visual Labels: Optional text labels displaying level names (e.g., "Support-H1", "Resistance-M15")

Customizable Appearance: Adjust border colors and toggle text labels on/off

How It Works

For each timeframe, the indicator analyzes the last completed candle

Draws a rectangle from the candle's close to its high (bullish) or low (bearish)

Searches for the first opposite-colored candle and draws a corresponding rectangle

Monitors the next 3 candles to confirm if price breaks above (support) or below (resistance)

Changes rectangle colors and adds labels based on confirmation

Input Parameters

Parameter Description

SupportColor Color for validated support levels (default: LimeGreen)

ResistanceColor Color for validated resistance levels (default: Red)

SeeText Toggle visibility of level name labels (default: true)

Use Cases

Breakout Trading: Identify key levels where price is likely to break

Support/Resistance Confirmation: Validate levels before entering trades

Multi-Timeframe Analysis: See confluence across different timeframes at a glance

Trend Reversal Detection: Opposite candle rectangles highlight potential reversal zones

Technical Specifications

Platform: MetaTrader 5

Type: Chart indicator (no separate window)

Objects: Uses rectangle and text objects for visualization

Auto-Cleaning: Automatically removes old objects when new candles form

Benefits

Save Time – No need to manually draw support/resistance lines

Objective Levels – Rules-based calculation removes subjectivity

Multi-Timeframe View – See all key levels on a single chart

Dynamic Updates – Levels update automatically as price moves

Clear Visual Hierarchy – Line thickness indicates timeframe importance

Perfect for: Day traders, swing traders, and anyone looking for automated support/resistance detection across multiple timeframes.

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Screenshot #1 Easy Support and Resistance

Screenshot #2 Easy Support and Resistance

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Market State Map MT5 Keep your chart free for Price Action analysis while Market State Map processes 14 indicators in the sub-window. Market State Map is an advanced data visualization tool designed for traders seeking a deep and rapid understanding of current market dynamics. Instead of cluttering the chart with multiple technical indicators, this tool consolidates 14 critical metrics into a single, coherent, and organized state matrix. Multidimensional Analysis at a Glance The indicator proce

30 USD

Demo Version Here : https://www.mql5.com/en/market/product/170598 The fastest on the entire platform, try it with 50 open trades or more This Expert Advisor provides a fast and intuitive way to manage and close open trading positions directly from the chart using a clean button-based interface. With a single click, traders can instantly close positions based on different conditions, improving execution speed and overall trade management efficiency. Key Features Close all open positions instant

30 USD

Demo Version Here : https://www.mql5.com/en/market/product/170738 ADX System is an advanced trend-strength and momentum confirmation indicator built on ADX and Directional Movement logic. It transforms traditional ADX data into a structured visual system that helps traders identify: • Trend initiation • Strength acceleration • Buy/Sell confirmation phases • Momentum shifts • Continuation zones The indicator features a two-step confirmation process (Alert → Confirmation), a DI momentum histogr

30 USD

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Easy Support and Resistance

Danny Giovanni Romero Lozano