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Support and resistance levels

The indicator displays the probable support and resistance levels.

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.
2017.09.27 04:21 

User didn't leave any comment to the rating

Ali irwan
2017.07.20 00:21 

Nice ,thank alexandr

Qingshan Li
2017.07.18 21:19 

thanks for the indicator. it was great. If you consider to MTF, that would be awesome!

Nikolay Gaylis
2017.06.26 23:54 

User didn't leave any comment to the rating

Vyacheslav Korolev
2017.05.05 13:58 

User didn't leave any comment to the rating

2017.05.04 13:06 

Very useful,Thanks.

2017.04.15 12:24 

User didn't leave any comment to the rating

Gennadiy Voltornist
2017.04.12 19:57 

User didn't leave any comment to the rating

2017.02.16 07:28 

Very useful, good job

Maksym Mudrakov
2016.08.30 19:24 

User didn't leave any comment to the rating

Version 2.1 - 2017.04.25
Fixed the text of the information message which appears when a new support/resistance level is identified.
Added the indicator message in the bottom right corner of the chart, to which the indicator is attached.
Added a new "Trends" mode for displaying the support and resistance lines. The standard ZigZag is used for identification of levels in this mode. Parameters of the ZigZap have been moved to settings. The parameters provide the ability to select (UseResource) the ZigZag to be used - the one attached to the indicator as a resource or a custom ZigZag. When UseResource=No, the indicator loads faster.