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MQLTA Support Resistance Lines

FREE

Published: 24 November 2017

Current version: 1.1

MQLTA Support Resistance Lines

4.33

Indicators
MQL4 Trading Automation
MQL4 Trading Automation
MQL4 Trading Automation

Australia

62904
4.5 (112)
My mission is to help you achieving your trading goals, providing indicators, expert advisors, scripts, reviews, recommendations and other supporting tools, so that you can save time, become more profitable and enjoy a better trading experience.

22 products 4 codes 1 topic 20 comments
Version: 1.1
Updated: 16 February 2021

MQLTA Support Resistance Lines is an indicator that calculates the historical levels of Support and Resistance and display them as Lines on chart. It will also Alert you if the price is in a Safe or Dangerous zone to trade and show you the distance to the next level. The indicator is ideal to be used in other Expert Advisor through the iCustom function.

This indicator can be tested LIVE on AUDNZD with the following DEMO https://www.mql5.com/en/market/product/26572

How does it work?

The indicator has a complex algorithm that scans the chart to detect previous levels of consolidation and bounce of the price, which will likely act as support and resistance levels in the future.

How to trade with Support and Resistance indicator

More than an entry point indicator, Support and Resistance is ideally used as a warning sign to trade, or for scalping. If the price is close to a level of support or resistance this will have to be treated carefully as the price might bounce back or break the level.

Custom indicator and Expert Advisor

One of the problems faced by programmers of Expert Advisors and indicators is the detection of levels of support and resistance so that an EA can use the levels to stop trading or set TP and SL.

MQLTA Support Resistance Lines can be easily integrated in other indicators and Expert Advisors through the use of the iCustom function.

The indicator can return:

The 8 closest levels of support/resistance
The flag if the price is near a level
The first level above the price
The first level below the price
The distance between the price and the above level
The distance between the price and the below level

Parameters

Timeframe to Analyze - Choose the timeframe for the analysis of support and resistance levels
Number of Levels - Choose if you want to display more or less levels
Safety Distance - Minimum points of distance between the price and the closest level to consider the price in a Safe Zone
Fill Buffers With - Choose what to fill the buffers with, used for integration in indicators and EAs
Recent Candles to Ignore - Specify the number of recent candles to ignore in the analysis
Bars to Analyze - Number of bars to analyze to calculate the levels
Max Price Range to Analyze - Max range of price to analyze
Enable Notifications - To enable or disable the notifications
Notify in - To set if notify in Safe or Dangerous Area
Notification Internal - Specify the minimum interval between notifications
Send Alert Notifications - To enable or disable on screen alerts
Alert Sound - To select the alert sound
Send Notification to Mobile - To enable or disable the app notifications
Send Notification to Email - To enable or disable email notifications
Draw Lines - To enable or disable the display of lines
Resistance Color
Support Color
Line Thickness
Draw Window - To enable or disable the drawing of the window
Horizontal spacing - distance of the window from the left border
Vertical spacing - distance of the window from the top border
Indicator Name - Prefix of the objects on chart

If you like this tool please take a minute to leave a review.

If you have suggestions to improve it please send me a message and we can discuss it further.

Feel free to visit my profile and "Add to friends" https://www.mql5.com/en/users/mql4autotrading.

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Screenshot #1 MQLTA Support Resistance Lines

Screenshot #2 MQLTA Support Resistance Lines

Screenshot #3 MQLTA Support Resistance Lines

Screenshot #4 MQLTA Support Resistance Lines

942

gnanos123 2024.02.08 21:00 #

Good for S/R

1055

Fernando Alonso 2022.04.09 18:15 #

Very very good!!!

2471

Mehdi Faraz Fard 2021.07.10 12:57 #

very good

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Currency Strength Matrix (CSM) is an indicator that will show you the current strength of the major currencies in several timeframes, allowing you to sort the currencies for strength and spot possible trading setups. This indicator is ideal for scalping and in all those events of sudden big moves. How does it work? The CSM compares the value of the current moving average with the same moving average in the previous candle for all the 28 pairs and all 9 timeframes, producing a Matrix of Strength

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The Supertrend Trailing Stop will trail the Stop Loss price of your selected orders following the Supertrend Line, so you don't have to worry about having to change it manually. MQLTA Supertrend Trailing Stop requires you to install the FREE Indicator Supertrend Line https://www.mql5.com/en/market/product/25951 How does it work? The Expert Advisor sets and moves the Stop Loss price of the selected orders following the value of the Supertrend Line. You can filter the Orders by Symbol Comment Mag

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MQLTA Instrument Details shows you in an easy to read in chart table the details about the instrument/Symbol, including: Label Trade Mode Default Contract Size Minimum Size Maximum Size Size Step Digits Used Tick Size Tick Value Stop Level Bid Ask Spread Parameters Indicator name to create the objects Default Window when opening the indicator Horizontal offset Vertical offset If you like this tool please take a minute to leave a review. If you have suggestions to improve it please send me a mes

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Bollinger Bands Breakout Alert is a simple indicator that can notify you when the price breaks out of the Bollinger Bands. You just need to set the parameters of the Bollinger Bands and how you want to be notified. Parameters: Indicator Name - is used for reference to know where the notifications are from Bands Period - is the period to use to calculate the Bollinger Bands Bands Shift - is the shift to use to calculate the Bollinger Bands Bands Deviation - is the deviation to use to calculate t

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The Parabolic SAR Trailing Stop will trail the Stop Loss price of your selected orders following the PSAR indicator, so you don't have to worry about having to change it manually. How does it work? The Expert Advisor sets and moves the Stop Loss price of the selected orders following the value of the PSAR Indicator. You can filter the Orders by Symbol Comment Magic Number Buy/Sell Parameters PSAR Step - The Step of the PSAR PSAR Max Step - The Max Step of the PSAR PSAR Shift - The Shift of the

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The Currency Strength Lines (CSL) indicator is a very useful tool for both beginners and experienced traders. It is able to calculate the strength of single currencies and show them on a chart, so that you can see the trend and spot trading opportunities. How does it work? The CSL Indicator will run calculations on all the 28 pairs, resulting in the overall strength across the market of individual currencies at any given moment. You can use this data to spot currencies that are strong, getting

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MQLTA Candle Timer is an indicator that can show you the details about a symbol/pair and alert you before the close of a candle. Used in swing trading and not only, it can help your strategies knowing and be ready before the close of a candle. How does it work Simply add the indicator to the chart and set the notifications options. You can load a minimalistic interface or a full interface. The alert will be sent once per candle. Parameters All the parameters, that you can see in the picture, a

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Auto Close is an expert advisor that can assist you with your money and risk management rules. The EA can monitor your Balance, Equity, Margin, Global Profit and Global Loss and alert you in case any of these reaches a specified threshold. Free version with limited features can be found https://www.mql5.com/en/market/product/29179 How does it work Load the Auto Close EA in the chart and set the parameters you want to keep monitored. If any of the risk management parameters is met you can be not

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Currency Strength Matrix (CSM) is an indicator that will show you the current strength of the major currencies in several timeframes allowing you to sort the currencies for strength and spot possible trading setups. This indicator is ideal for scalping and in all those events of sudden big moves. This DEMO only shows 4 currencies and 4 timeframes, for the full version please check https://www.mql5.com/en/market/product/24252 How does it work? The CSM compares the value of the current moving ave

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The Supertrend Line indicator shows you the trend using calculation based on the ATR. How does it work? The Supertrend draws a line following the current trend, this line is the result of calculation made with the ATR. A Line under the candle means a likely bullish trend A Line above the candle means a likely bearish trend How to trade with CSL indicator Buy when the Supertrend line is below the price, Sell when the Supertrend line is above the price. It is strongly suggested to use this indic

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Pattern Detector can detect the most common 1, 2 and 3 candlestick patterns and send notifications when detected. The DEMO version only works on AUDNZD pair. Full product can be found https://www.mql5.com/en/market/product/29190 How does it work Add the indicator to the chart you want to analyze and select which patterns to detect, the indicator will draw the detected patterns. You can also be notified via alert, app and email when a new pattern is detected. Parameters Indicator Name - Used to

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Простая утилита MQLTA Draw Grid поможет вам нарисовать сетку на вашем графике. Она полезна при изучении графика и моделирования сетки. Как она работает? Утилита будет создавать горизонтальные линии в зависимости от заданных параметров Как использовать этот инструмент Установите индикатор на график, выбрав параметры по умолчанию. Выберите начальную точку, значения минимума и максимума диапазона и стиль. В появившейся графической панели вы сможете создавать и удалять сетку, а также изменять неко

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The panel displays the list of all orders (market and pending) along with their details, including magic numbers and commentaries. The panel can be moved around the chart. For market orders, the profit listed includes the associated commission and swaps. There aren't any important input parameters, but you can control the panel's initial location via them.

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Советник Time Line Auto Close (TLAC) позволит вам создавать вертикальные линии (Time Lines, линии времени), которые будут автоматически закрывать все или некоторые из ваших открытых ордеров. Вы можете создавать и управлять несколькими линиями, настроить для каждой из них закрываемые ордера и оповещения. Ордера можно фильтровать по валюте, магическому номеру, номеру ордера и типу ордера. Также можно настроить отправку уведомлений перед активацией линий. Как она работает? С помощью TLAC вы сможет

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Утилита MQLTA Take Screenshot позволяет снимать скриншоты текущего графика прямо из самого графика. Утилита полезна для быстрого сохранения интересной ситуации и сохранения текущего графика перед открытием или закрытием ордера. Как она работает? Take Screenshot использует встроенную функцию языка MQL4 для сохранения снимка текущего графика. Как использовать утилиту Загрузите индикатор и выберите нужные параметры. Как только откроется панель, нажмите на значок сохранения, чтобы сделать снимок т

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Auto Close is an expert advisor that can assist you with your money and risk management rules. The EA can monitor your Balance, Equity, Margin, Global Profit and Global Loss and alert you in case any of these reaches a specified threshold. This Demo Version has Notification and Close features disabled, full version can be found https://www.mql5.com/en/market/product/29141 How does it work? Load the Auto Close EA in the chart and set the parameters you want to keep monitored. If any of the risk

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Filter:

942

gnanos123 2024.02.08 21:00 #

Good for S/R

730

Artialberta 2024.01.23 11:33 #

Top

242

Ridwan Sianturi 2023.12.18 14:08 #

Very Good! I got that I found But I'm would like to ask about Custom Indicators > Recent Candle to ignore what the function it's?

3471

John Winsome Munar 2022.06.14 09:44 #

User didn't leave any comment to the rating

1055

Fernando Alonso 2022.04.09 18:15 #

Very very good!!!

146

Hooman Salehi 2021.11.12 08:59 #

It looks good, but I think I must use other indicator beside it to get more accurate result

2471

Mehdi Faraz Fard 2021.07.10 12:57 #

very good

815

Tony Gregg 2021.05.16 22:41 #

Extremely Helpful. Good Work!!!

Ken Parise 2020.12.26 14:37 #

MoneyTreeString is a great indicator, but I have found that using MTS along with MQLTA Support/Resistance Lines and Stochastic indicators I get good confirmed entry points. I am running on the M1 chart, I am using 12,3, and 0 for MTS setting and 10, 6, 6, for the stochastic. Will update as needed.

1925

brightstar1 2020.11.29 20:05 #

The product deserves 5+ stars. It makes me feel like forex is a baby game. However, replies from seller are received 2-3 days after you send the message. If customer service is good, I would have given it solid 5 stars.

2970

Chua Wee Kiat 2020.11.22 15:35 #

I can say this indicator absolutely suits my trading system as I'm a swing trader and reversal trader! Super useful!

194

Almarshad Saleh 2020.08.10 01:23 #

not good dont buy

1456

dcherry 2018.03.22 21:54 #

User didn't leave any comment to the rating

214

William Veraar 2017.12.13 22:02 #

Very effective.

I use it on the 1h chart and set the 4h levels at lowest amount of levels.

I also use it on the 4h chart and set the 1day levels at lowest amount.

It works.

MQLTA Support Resistance Lines

MQL4 Trading Automation

How does it work?

How to trade with Support and Resistance indicator

Custom indicator and Expert Advisor

Parameters