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PR Support And Resistance for MT4

4.54

price action support or resistance levels are formed when a market’s price action reverses and changes direction, leaving behind a peak or trough (swing point) in the market. Support and resistance levels can carve out trading ranges. The indicator identifies the Swing High and Swing Low based on X amount of bars ( Period ) defined in the indicator set.


LIMITED TIME OFFER: All our premium indicators are available for only 50$, by accessing our MQL5 blog you will find all the details of our premium indicators. Click here.


Key Features

A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistant. If the price rises above a resistance level, it will often become support.

Horizontal support and resistance levels are the most basic type of these levels. They're simply identified by a horizontal line :

  • Green Level in the chart, is Resistance Level.
  • Red Level in the chart, is a Support Level.


Our Support and resistance are used to identify key levels where the trend in price has a greater probability of halting and possibly changing direction. It can be a specific price or price area. Interpretation of the degree of significance of a level depends on a trader's time frame.


Documentations (  Instructions )

All the PR Support and Resistance indicator,  documentations ( Instructions ) are available in this post in our MQL5 Blog : Click Here.


Advantage of our Price action Support and Resistance

  1. Working with all pairs ( Forex, Crypto, Indices, and commodities )
  2. Working with all timeframes. ( Recommended time frame : H1 and H4 timeframes )
  3. Alert generator. ( Pop-up alert, Push Notification Alerts...etc )
  4. 100% Free Indicator

Bestsellers indicators

You can find Below Our Bestsellers indicators:

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Trend screener Indicator All in one tool trend analyzer tool ( Trend Dashboard, Trend reversal alerts...etc) Click here
HV support and resistance indicator All in one tool level analyzer tool ( Market Structure screener, Pullback zones...Etc) Click here
Trend Line Map indicator Addons for Trend Screener indicator to monitor Up and Down Trend performance.  Click here

All the rest of the free and premium indicators are available in our MQL5 seller profile,here.

Attention! All our free and paid products can be found only and on exclusivity here, on the official MQL5 website. 


Contact

If you have some questions or if you need help,contact me via Private Message.


Author

SAYADI ACHREF , fintech software engineer and founder of Finansya.

Reviews 20
ROBERT EDWARD BIRD
1762
ROBERT EDWARD BIRD 2023.07.31 17:50 
 

excellent

Alexsandr Gunko
101
Alexsandr Gunko 2023.07.31 16:04 
 

Спасибо полезный индикатор.

Natalija3107
430
Natalija3107 2023.04.04 21:07 
 

super

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The ADR Alert Dashboard shows you at a glance where price is currently trading in relation to it's normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds it's average range and levels above it of your choosing so you can jump into pullbacks and reversals quickly. The dash is designed to be placed on a blank chart and just sit in the background and alert you when levels are hit so you do not need to sit and watch it or even look at all! MT5 VERSION AV
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Every trader knows that he or she should never Risk more than 5% (or 7%) per trade. This is a Money Management law and an usable LotSize should be calculated each time because a trader must use a different StopLoss value  for different trading levels. This indicator will calculate an appropriate LotSize for the moment when you will put it on the chart and each time you will drag the "Stop Loss Line" in any direction. LIMITED TIME OFFER: All our premium indicators are available for only 50$, b
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The Range analyzer indicator shows the average pip range of a Forex pair measured over a certain number of periods. Traders can use the ADR to visualize potential price action outside the average daily move. When ADR is above average, it means that the daily volatility is higher than usual, which implies that the currency pair may be extending beyond its norm. Our ADR Analyzer is composed of 5 main features  : Range ( ADR ) Screener:   A multi-currencies ADR analysis. ADR Zone:   shows the expec
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Filter:
ROBERT EDWARD BIRD
1762
ROBERT EDWARD BIRD 2023.07.31 17:50 
 

excellent

Alexsandr Gunko
101
Alexsandr Gunko 2023.07.31 16:04 
 

Спасибо полезный индикатор.

Yves
40
Yves 2023.07.24 16:21 
 

Super useful indicator! Thx for this. Any chance it could be updated for the M2 Macs?

Amante
34
Amante 2023.07.05 05:03 
 

.

mgl5fjn
347
mgl5fjn 2023.06.25 21:22 
 

very useful*

Jeremiah Akor
34
Jeremiah Akor 2023.06.25 11:10 
 

all the indicators i download went to expert advisor instead of indicator terminals what can i do ?

Natalija3107
430
Natalija3107 2023.04.04 21:07 
 

super

александр голушков
20
 

Бесполезный !

STE S.S.COMPANY
489885
Reply from developer Sayadi Achraf 2023.03.30 22:24
Hi sir, Thank you for taking time to write your review. Can i know what’s the issue you’re facing with our indicator?
Richmond Chikotolo
1171
Richmond Chikotolo 2023.03.06 16:48 
 

where can i get the mq4 file?

Sergei Lopukhov
803
Sergei Lopukhov 2023.02.26 10:56 
 

Простой и надежный индикатор, который можно применить в стратегии.

amin13eko
334
amin13eko 2023.01.22 23:37 
 

excellent indicator

gexcellconsultoria
54
gexcellconsultoria 2023.01.20 01:18 
 

Ajuda bastante, porem indicadores não são perfeitos.

Yerly
455
Yerly 2022.12.21 10:53 
 

Un peu lourd....

Gustavius Coleman
18
Gustavius Coleman 2022.11.27 06:56 
 

excellent service and product

ClovisPerniciotti62
29
ClovisPerniciotti62 2022.11.11 12:04 
 

Muito bom, eu recomendo.

Ko-saku Takagita
448
Ko-saku Takagita 2022.10.31 08:28 
 

デイトレードでも使えると思うので良い。表示する線が少なく、思考の妨げにならない。ピボットや平均足と組み合わせてもいいのではないだろうか。 I think it can be used for day trading, so it's good. There are few lines to display, and it does not interfere with thinking. I wonder if it can be combined with pivots and Heiken Ashi.

sousensei
124
sousensei 2022.10.10 16:55 
 

使い方がわからない

STE S.S.COMPANY
489885
Reply from developer Sayadi Achraf 2022.10.10 16:56
Hi sir, Thank you for your review. Can i know whats the issue with our indicator?
SolidSignal
755
SolidSignal 2022.10.03 23:18 
 

i have been using it on demo the result is good but i use with other indicator to confirm entry if the author can made the signal stay on chart also i want to buy the other product how do i get in touch with author and ask few question before i buy

Mauro Giuseppe Tondo
2009
Mauro Giuseppe Tondo 2022.10.03 13:20 
 

Good indicator.

123MaRcosaLa876
14
123MaRcosaLa876 2022.09.30 11:43 
 

molto utile

Reply to review
Version 9.10 2021.07.09
1. Add alerts.
Version 9.0 2021.07.01
1. Add swing high and low algorithme.
Version 8.20 2021.06.24
1. Updating algorithm.
Version 8.10 2021.06.15
1. Add Line Width.
Version 8.0 2021.06.14
1. Optiming PA algorithm for small timeframe.
Version 7.60 2021.06.13
1. Updating the indicator to follow the new Market Rules.
Version 7.50 2021.05.08
1. Optimizing indicator speed.
Version 7.40 2021.04.20
1. Changing default setting.
Version 7.30 2021.04.18
1. Add pairs screener.
Version 7.10 2020.08.25
1. Optimizing the algorithm of identifying strong support and resistance.
Version 6.10 2020.04.21
1. Fixing Alert issue.
2. Add hide-display dashboard.
Version 6.0 2020.04.21
1. Add second control to clean the chart.
Version 5.0 2020.04.09
1. Adjusting default setting.
Version 3.33 2020.03.10
1. Optimizing indicator logic.
Version 2.21 2020.03.05
1. Adjusting features available in the free version.
Version 2.20 2020.02.22
1. Add color for strong zones.
2. Add Display Strong zones only feature. ( pro version )
Version 2.10 2020.02.15
1. Change default setting
Version 2.0 2020.02.15
1. Add Strong and support zones
Version 1.20 2020.02.15
- Changing default Setting to H4 timeframe.