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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.

sunnychow
5007
sunnychow 2019.01.12 16:16 
 

Thanks for share

Nikolay Gaylis
17218
Nikolay Gaylis 2019.01.07 17:40 
 

User didn't leave any comment to the rating

alvesneto.eduardo Eduardo Alves Neto
48
alvesneto.eduardo Eduardo Alves Neto 2018.03.05 04:16 
 

User didn't leave any comment to the rating

Aleksandr Tamonin
1209
Aleksandr Tamonin 2018.01.17 11:47 
 

Полезный индикатор!

Gennadiy Voltornist
12010
Gennadiy Voltornist 2017.11.26 19:16 
 

User didn't leave any comment to the rating

Даниил Горбунов
71
Даниил Горбунов 2017.11.15 15:33 
 

User didn't leave any comment to the rating

Daniel Andrejczuk
5389
Daniel Andrejczuk 2017.11.08 12:15 
 

User didn't leave any comment to the rating

Andrey Litvichenko
7589
Andrey Litvichenko 2017.10.19 13:24 
 

User didn't leave any comment to the rating

Ali irwan
5166
Ali irwan 2017.07.20 07:15 
 

Идея советника отличная! Остальное"в руках трейдера".

Forex Team Team
238
Forex Team Team 2017.04.11 03:45 
 

User didn't leave any comment to the rating

Alexander Baluev
166
Alexander Baluev 2017.03.01 17:23 
 

Замечательный индикатор!

Nork
6088
Nork 2016.03.28 03:18 
 

User didn't leave any comment to the rating

Rodrigo da Silva Boa
7165
Rodrigo da Silva Boa 2015.12.09 06:09 
 

Obrigado por este trabalho.

Jean-Sebastien Laurent
4232
Jean-Sebastien Laurent 2014.06.06 10:23 
 

User didn't leave any comment to the rating

vadoos
1441
vadoos 2014.05.15 08:39 
 

User didn't leave any comment to the rating

Elena Okhotnikova
132
Elena Okhotnikova 2014.04.28 21:17 
 

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

Vadim Strelkov
7768
Vadim Strelkov 2014.03.24 10:27 
 

User didn't leave any comment to the rating