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Price Action Support Resistance Levels

Demo downloaded: 40

Published: 25 March 2020

Current version: 2.0

Price Action Support Resistance Levels

Indicators
Javad Farzaneh Verdom
Version: 2.0
Updated: 6 October 2020
Activations: 5

This is a price action support resistance level indicator for MT4, simply working in all time frames and all chart types.

It creates Major support/resistance in specified time frame.

You can also add a support/resistance level manually. For doing this, first add a horizontal line to the chart and rename it to 'Line'.

Input variables:

timeFrame: You can select one of these values (M1, M5, M15, M30, H1, H4, D1, W1 and MN) or leave it empty to use Current Timeframe.

majorLineColor: To specify color for Major support/resistances which will created automatically

majorLineShaddowColor: To specify shadow color for majorLineColor

minorLineColor: To specify color for Minor support/resistances which you can create manually

minorLineShaddowColor: To specify shadow color for minorLineColor

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Version 2.0 2020.10.06

Don't use version 1.0, there are some serious level calculation issues in version 1.0

In version 2.0:

- Level calculations bug fixes

- Adding a feature to manually create support/resistance

Description quality and completeness
Reliability and usability
User support