Market / MetaTrader 4 / Indicators /

Support and resistance levels

FREE

Published: 4 August 2014

Current version: 3.1

Support and resistance levels

Name: Support and resistance levels
Rating: 4.2941175 (17 reviews)
Author: Alexandr Bryzgalov

4.29

Indicators
Alexandr Bryzgalov
Version: 3.1
Updated: 19 September 2021

The indicator displays the probable (Support and resistance) levels.

The indicator draws horizontal and trend levels of support and resistance.

The indicator settings:

Trends - the mode for displaying trend lines or horizontal lines of support and resistance

Yes - display trend lines only
No - display horizontal lines only

UseResource - use the resources built into the indicator.

Yes - use the ZigZag indicator from the resources of the product.
No - use a custom ZigZag indicator.

HistoryBar - the number of bars in history for displaying the levels
CountBar - the number of bars starting from the current to search for the support and resistance levels
Settings of the ZigZag indicator used in the product:

Depth — the minimum number of candlestick, for which Zigzag will not draw the second maximum (or minimum), if the last one is Deviation less (or greater) than the previous one;
Deviation — the minimum number of points between the Highs/Lows of two adjacent candlesticks for the Zigzag to form a local top/bottom;
Backstep — the minimum number of candlesticks between the local Highs/Lows.

more...

Screenshot #1 Support and resistance levels

Screenshot #2 Support and resistance levels

Screenshot #3 Support and resistance levels

361

clausejmbm123 2021.02.20 15:24 #

Very good system. I use it to trade BTC. Gives me great results.

paul_van_reyn 2019.07.11 12:43 #

Очень полезны индикатор, даётт полное представлление о зонах накопления и распределения

5763

Tim Eubanks 2019.06.07 18:12 #

Very useful tool, and it's free! 非常有用的工具，它是免費的！

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Rahul Shrikrishna Dani 2025.05.15 08:44 #

not worth it.

[Deleted] 2021.09.14 13:23 #

User didn't leave any comment to the rating

29776

Reply from developer Alexandr Bryzgalov 2021.09.14 13:34 #

Hi.
Most likely you received a notification about how you downloaded the indicator earlier. Recently I updated the Support and resistace levels indicator, so you received a notification.

361

clausejmbm123 2021.02.20 15:24 #

Very good system. I use it to trade BTC. Gives me great results.