Macd Support and Resistance
- Indicators
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Jose Rodrgues Chaves
About Me - Version: 1.0
- Activations: 10
MACD Support & Resistance Levels with Previous D/W/M Highs & Lows
Overview
Elohim FX – MACD SNR is a powerful chart overlay indicator that automatically detects and draws support and resistance levels based on MACD crossovers with its signal line. It combines momentum analysis with price action to reveal high-probability zones where price is likely to react — all without cluttering your chart with a separate oscillator window.
Whether you're a scalper, day trader, or swing trader, this tool gives you a clean, objective view of key market structure levels directly on your price chart.
How It Works
The indicator tracks MACD crossovers and crossunders against the signal line:
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MACD crosses above Signal → a Support level is plotted at the lowest low of the recent 6 bars.
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MACD crosses below Signal → a Resistance level is plotted at the highest high of the recent 6 bars.
Levels are automatically managed:
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Up to 20 active levels are maintained at any time.
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When price breaks through a level, it is removed automatically — keeping only valid, untested levels on your chart.
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New levels are added as fresh crossovers occur.
Key Features
✅ Automatic Support & Resistance Detection – Based on MACD/Signal crossovers, not guesswork.
✅ Clean Visual Markers – Color-coded arrows (▲ Support / ▼ Resistance) mark where each level originated.
✅ Optional Horizontal Lines – Extend levels across the chart with price tags on the right edge for instant reference.
✅ Previous Day / Week / Month Highs & Lows – Optional PDH/PDL, PWH/PWL, and PMH/PML levels with customizable colors and line styles.
✅ Dynamic Level Management – Broken levels are removed; fresh levels are added in real time.
✅ Fully Customizable – Adjust MACD lengths, MA types, colors, and which levels to display.
✅ Lightweight & Optimized – Smart throttled recalculation ensures smooth performance on any timeframe.
Input Parameters
MACD Settings
| Parameter | Default | Description |
|---|---|---|
| Fast Length | 12 | Fast MA period |
| Slow Length | 26 | Slow MA period |
| Source | Close | Price source for MACD |
| Signal Smoothing | 9 | Signal line period |
| Oscillator MA Type | EMA | SMA or EMA for MACD |
| Signal Line MA Type | EMA | SMA or EMA for signal |
S/R Display
| Parameter | Default | Description |
|---|---|---|
| Support Color | Medium Turquoise | Color for support levels |
| Resistance Color | Violet | Color for resistance levels |
| Show S/R Lines | true | Draw horizontal lines + price tags |
Previous D/W/M High/Low
| Parameter | Default | Description |
|---|---|---|
| Show Previous Day | true | Display PDH/PDL |
| Show Previous Week | true | Display PWH/PWL |
| Show Previous Month | true | Display PMH/PML |
| Previous High Color | Deep Sky Blue | Color for highs |
| Previous Low Color | Orange | Color for lows |
| Line Style | Dash | Style for D/W/M lines |
How to Use
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Attach the indicator to any chart and timeframe.
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Watch for arrows — they mark where new support or resistance levels form.
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Trade the reactions — look for bounces or breakouts at these levels.
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Combine with PDH/PDL, PWH/PWL, PMH/PML for confluence with higher-timeframe key levels.
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Adjust inputs to match your trading style and preferred MACD settings.
Suggested Strategies
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Reversal Trading – Enter long at support arrows, short at resistance arrows.
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Breakout Trading – Wait for price to break a level (level disappears) and trade the continuation.
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Confluence Trading – Combine MACD S/R levels with previous D/W/M highs/lows for high-probability setups.
Why Choose This Indicator?
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No Repainting – Levels are based on confirmed MACD crossovers.
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Self-Cleaning – Only relevant, unbroken levels remain on your chart.
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Multi-Timeframe Ready – Works on M1 through MN.
Technical Details
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Platform: MetaTrader 5 (MT5)
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Type: Chart Window Indicator
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Buffers: 4 (MACD, Signal, Fast MA, Slow MA — all hidden to keep chart clean)
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Objects: Arrows, trend lines, and text labels
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Performance: Throttled redraw (every 5 seconds) for smooth operation
⚠️ Disclaimer
This product is an educational tool only — not financial advice. Any levels, zones, or signals shown are reference points, not buy/sell recommendations.
Trading involves risk. You may lose some or all of your capital. All trading decisions and risk management are your responsibility.
No profit is guaranteed. Results may vary between brokers, platforms, and market conditions. The developer is not liable for any losses or damages.
All sales are final after download, except where required by law. Platform policies also apply.
By purchasing or using this product, you accept these terms.
