CalmFx SR Zones MT5
- Indicators
-
Callum Gunn
CalmFx - calm, clear trading tools for MetaTrader 5.
I build and support the CalmFx toolkit: on-chart panels, multi-symbol scanners and indicators designed to work side by side on the same charts, on any symbol and any screen size, from a laptop to a 40-inch TV.
CalmFx on the Market: - Version: 1.0
- Activations: 10
Support and resistance zones drawn from where price has actually turned. CalmFx SR Zones finds swing highs and lows, merges the ones that sit close together into zones, and counts how many times each zone has been touched. Only zones with enough touches are drawn.
How the zones are built
- Swing points are found with a strength you choose (bars on each side).
- Swing points within a fraction of ATR are merged into one zone, so the zone width suits the market: the same inputs work on a currency pair, gold or an index.
- Zones are chosen strongest first, with a minimum gap between them, so the chart stays readable.
- Zones above price read as resistance and below as support. The colours swap when price moves through.
Options
- Find zones on a higher timeframe and see them on a lower one.
- Number of zones, minimum touches, zone width, gap and lookback are all inputs.
- Labels with the zone price and touch count, and a tooltip on each zone.
- Alert when price enters a zone, with a cooldown per zone. Pop-up, sound, push notification and email.
- The zones already holding price when the indicator loads are treated as the starting point, so adding it to a chart does not alert straight away.
Notes
- The indicator does not open, change or close trades.
- Zones show where price has reacted before, not where it will react next.
Part of the CalmFx toolkit
- CalmFx Surge Ranker MT5, CalmFx Snap Ranker MT5, CalmFx Squeeze Ranker MT5 and CalmFx Session Range Ranker MT5 rank your whole watchlist.
- CalmFx Trading Panel MT5 and Daily Dipper Skipper RSI Scanner complete the set.
