• Overview
  • Reviews (10)
  • Comments (11)

Support and Resistance

Support & Resistance indicator is a modification of the standard Bill Williams' Fractals indicator.

The indicator works on any timeframes. It displays support and resistance levels on the chart and allows setting stop loss and take profit levels (you can check the exact value by putting the mouse cursor over the level).

  • Blue dashed lines are support level.
  • Red dashed lines are resistance levels.

If you want, you can change the style and color of these lines.

If the price approaches a support level, the activity of seller decreases and the activity of buyers increases. If the price approaches a resistance level, the activity of buyers decreases and the activity of sellers increases.

Note, that when the price breaks through a support level, it may become a resistance level; and when the price breaks through a resistance level, it may become a support level.

Andrey Litvichenko
3545
2017.10.19 13:24 
 

User didn't leave any comment to the rating

Ali irwan
5211
2017.07.20 07:15 
 

Идея советника отличная! Остальное"в руках трейдера".

jonathanmontill
44
2017.04.11 03:45 
 

User didn't leave any comment to the rating

Alexander Baluev
153
2017.03.01 17:23 
 

Замечательный индикатор!

Nork
6002
2016.03.28 03:18 
 

User didn't leave any comment to the rating

Rodrigo da Silva Boa
7194
2015.12.09 06:09 
 

Obrigado por este trabalho.

Jean-Sebastien Laurent
4094
2014.06.06 10:23 
 

User didn't leave any comment to the rating

Gennadiy Sidorov
1463
2014.05.15 08:39 
 

User didn't leave any comment to the rating

Elena Okhotnikova
132
2014.04.28 21:17 
 

Отличный индикатор для реальных счетов. Использую в парах с USD - отлично! Благодарю за "бесплатность" и отличную работу!

Vadim Strelkov
7941
2014.03.24 10:27 
 

User didn't leave any comment to the rating