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PR Support And Resistance for MT4

4.57

Introducing the "PR Support and Resistance " indicator, a powerful  FREE price action indicator rooted in the foundational principles of support and resistance analysis within the realm of forex technical analysis. Designed to identify crucial reversal zones, this indicator utilizes the concept of swing highs and lows, pivotal points where market sentiment shifts.

At its core, this indicator is engineered to recognize significant swing highs and lows, which serve as key markers of potential trend reversals or price slowdowns. By pinpointing these critical junctures, traders gain invaluable insights into areas where market dynamics may undergo substantial changes.

The algorithm powering this indicator is crafted with precision, meticulously analyzing price action to identify swing highs and lows accurately. This intricate process enables traders to anticipate potential shifts in market sentiment with heightened accuracy, enhancing decision-making capabilities.

Through its intuitive visual interface, the indicator provides traders with a clear depiction of these reversal zones, facilitating informed decision-making. Whether you're a seasoned trader or just starting, this tool's user-friendly design ensures accessibility for traders across all skill levels.

In essence, the "Swing High/Low Reversal Zones" indicator equips traders with a comprehensive solution for analyzing support and resistance levels, offering invaluable insights into market dynamics and potential turning points.


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.

To Join Finansya Indicators & EAs channel : Click Here

Key Features

One of the fundamental principles in technical analysis revolves around the concept of support and resistance levels. These levels act as crucial markers where shifts in market sentiment often occur. Here's how our support and resistance indicator can enhance your trading experience:

  1. Dynamic Role Reversal: When a resistance or support level is breached, its role typically reverses. If the price surpasses a resistance level, it often transforms into a support level. Conversely, if the price falls below a support level, it can become a resistance level. This dynamic interplay between support and resistance adds depth to market analysis, aiding traders in anticipating potential trend reversals.

  2. Horizontal Levels: Our indicator primarily focuses on horizontal support and resistance levels, which are identified by straightforward horizontal lines on the chart. These lines provide clear visual cues, making it easy for traders to identify key price levels.

  3. Visual Representation: Support levels are represented by red lines on the chart, indicating potential areas where buying pressure may emerge, halting downward price movements. On the other hand, resistance levels are depicted by green lines, signifying zones where selling pressure might intensify, impeding upward price movements.

  4. Identification of Price Halting Zones: By pinpointing support and resistance levels, traders gain insights into areas where the prevailing trend in price is likely to pause or potentially change direction. These levels can serve as strategic entry or exit points, enhancing trading precision and risk management.

  5. Adaptability to Time Frames: The significance of support and resistance levels can vary based on the trader's time frame. Whether you're a short-term scalper or a long-term investor, our indicator accommodates different trading styles by offering customizable time frames for analysis.


Documentations (  Instructions )

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


Advantage of PR Support and Resistance

1. **Universal Compatibility:** No matter what you're trading – be it forex, cryptocurrencies, indices, or commodities – PR Support and Resistance seamlessly integrates with all pairs. Its versatile design ensures that traders can harness its power across diverse markets without limitations.

2. **Flexible Timeframes:** While optimized for the H1 and H4 timeframes, PR Support and Resistance remains effective across all timeframes. Whether you're a short-term scalper or a long-term investor, this indicator adapts to your preferred trading style, providing valuable insights at any interval.

3. **Alert Generation:** Stay informed and never miss a critical market event with PR Support and Resistance's alert generator feature. Receive timely notifications via pop-up alerts, push notifications, or other customizable alert mechanisms. With this capability, you can react swiftly to emerging opportunities or changing market conditions.

4. **Completely Free:** In an industry where access to quality tools often comes at a premium, PR Support and Resistance breaks the mold by offering its full suite of features at absolutely no cost. Experience the benefits of this powerful indicator without any financial barriers, empowering you to elevate your trading strategy without breaking the bank.

In summary, PR Support and Resistance excels in providing universal compatibility across all trading instruments, flexibility across various timeframes, real-time alert generation, and free access – making it an indispensable tool for traders looking to navigate the markets with confidence and precision.


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
gallard_a
239
gallard_a 2024.05.18 08:50 
 

Great support

Laurence Sanders
160
Laurence Sanders 2024.05.17 12:52 
 

Thanks for sharing your knowledge for free.

rovinades
414
rovinades 2024.05.17 12:06 
 

So worth it.

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Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High
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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$, by
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Volatility analyzer is a momentum indicator, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. The  indicator also uses a momentum oscillator to show the expected direction of the move when the squeeze fires. This histogram oscillates around the zero line, increasing momentum above the zero line indicates an opportunity to purchase long, while momentum falling below the zero line can indicate a shorting opportunity. LIMITED TIME OFF
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gallard_a
239
gallard_a 2024.05.18 08:50 
 

Great support

Laurence Sanders
160
Laurence Sanders 2024.05.17 12:52 
 

Thanks for sharing your knowledge for free.

rovinades
414
rovinades 2024.05.17 12:06 
 

So worth it.

Solene Clement
352
Solene Clement 2024.05.17 11:19 
 

So awesome.

Papito63
14
Papito63 2024.05.16 20:08 
 

nicz

Troy
218
Troy 2024.05.09 09:21 
 

This is great

JayFx
175
JayFx 2024.05.09 08:25 
 

This is so awesome. Glad to have this

Calix Fujimoto
462
Calix Fujimoto 2024.05.08 08:58 
 

This is so awesome. Thanks for sharing.

Nathan Lourigan
64
Nathan Lourigan 2024.04.17 16:30 
 

User didn't leave any comment to the rating

Tristan Chatfield
61
Tristan Chatfield 2024.04.16 18:40 
 

User didn't leave any comment to the rating

Andrew Ellul
64
Andrew Ellul 2024.04.16 16:30 
 

User didn't leave any comment to the rating

Jeremy johnston
65
Jeremy johnston 2024.04.16 16:24 
 

User didn't leave any comment to the rating

Genkam Bouris
76
Genkam Bouris 2024.04.16 13:56 
 

User didn't leave any comment to the rating

sean bassett
80
sean bassett 2024.04.16 11:18 
 

User didn't leave any comment to the rating

aodthth
400
aodthth 2024.04.11 10:16 
 

Excellent indicator

STE S.S.COMPANY
285508
Reply from developer Sayadi Achraf 2024.04.15 02:32
Thank you for taking time to write your review. I'm happy to know that you find our indicator a useful indicator for you. Since 4 years, we are doing our best to keep improving and giving the best indicators for our customers. Please if you have any suggestions or comments about our indicator, feel free to contact us. I invite you to check all the list of all our free and premium indicators here : https://www.mql5.com/en/users/sayadi_lancer/seller
545468
14
545468 2024.04.02 08:59 
 

111

STE S.S.COMPANY
285508
Reply from developer Sayadi Achraf 2024.04.02 12:04
Thank you for taking time to write your review. Can i know what issue you're facing with our price action support and resistance indicator ?
-- Best regards.
Sayadi Ashref.
50712345
25
50712345 2024.03.27 09:15 
 

it is of no great use as it is a donchian channel duplicate

zhouapple99
25
zhouapple99 2024.03.11 00:17 
 

非常不错的指标,更容易找到支撑位阻力位

Roberto Zoughon
31
Roberto Zoughon 2024.03.03 20:53 
 

excelente

Kossi Lanzo
248
Kossi Lanzo 2024.02.07 16:36 
 

Thanks for the developper. It is absolutely a useful indicator

STE S.S.COMPANY
285508
Reply from developer Sayadi Achraf 2024.02.07 16:41
Thank you sir, i'm happy to know that you found our indicator as helpful indicator.
Reply to review
Version 12.0 2024.04.09
1. Improve level detections
Version 11.0 2024.03.24
1. Compiled with last MT4 version
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.