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PR Support And Resistance for MT5

4.34

PR 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 PR 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:

Indicator Description  Download
Trend screener Indicator All in one trend analyzer tool  ( Trend Dashboard, Trend reversal alerts...etc) Click here
HV support and resistance indicator All in one 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
Peter Mueller
4796
Peter Mueller 2023.11.23 14:28 
 

Thanks for the free indicator

G Trader
24
G Trader 2023.10.02 22:45 
 

Nice and easy to use with plenty of customisation. Seems to be accurate enough if you configure it to suit your trading style.

Maria Angelova
105
Maria Angelova 2023.08.30 03:54 
 

Hi what does it mean : 2023.08.30 02:35:01.929 PR Support And Resistance for MT5 (EURUSD,H1) Error in call iHighest. Error code=4401

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Filter:
Peter Mueller
4796
Peter Mueller 2023.11.23 14:28 
 

Thanks for the free indicator

STE S.S.COMPANY
524045
Reply from developer Sayadi Achraf 2023.11.23 14:28
Thank you for taking time to share your review about our free price action indicator.
Shadow2323
14
Shadow2323 2023.11.20 15:29 
 

It doesn't work: 2023.11.20 15:27:57.887 PR Support And Resistance for MT5 (XAUEUR#,M15) Error in call iHighest. Error code=4401 2023.11.20 15:27:57.887 PR Support And Resistance for MT5 (XAUEUR#,M15) Error in iLowest. Error code=4401

STE S.S.COMPANY
524045
Reply from developer Sayadi Achraf 2023.11.20 15:30
Hi sir, Thank you for your review. Your MT5 is missing historical data. Can you download the historical data of XAUEUR, M15 timeframe and you will get indicator work properly for you.
G Trader
24
G Trader 2023.10.02 22:45 
 

Nice and easy to use with plenty of customisation. Seems to be accurate enough if you configure it to suit your trading style.

STE S.S.COMPANY
524045
Reply from developer Sayadi Achraf 2023.11.03 11:37
Thank you for taking time to share you review. We are doing our best to create best free tools for our customers.
Ahmad Talib
45
Ahmad Talib 2023.09.11 15:49 
 

crashes on my chart

STE S.S.COMPANY
524045
Reply from developer Sayadi Achraf 2023.09.11 16:27
Hi sir, Thank you for your comment. Can you explain us how our indicator crashed your chart ? --- The indicator is available in the market for many years and hasn't crashed any customers chart. We are looking forward to your reply.
Maria Angelova
105
Maria Angelova 2023.08.30 03:54 
 

Hi what does it mean : 2023.08.30 02:35:01.929 PR Support And Resistance for MT5 (EURUSD,H1) Error in call iHighest. Error code=4401

STE S.S.COMPANY
524045
Reply from developer Sayadi Achraf 2023.08.30 23:02
Hi sir, This error means that your MT5 is missing historical data. Just download the data of this pairs and the error will be removed. ——- Please if you have any questions, just let me know. Best regards.
Sayadi Ashref.
Dsbb2610
82
Dsbb2610 2023.08.22 17:23 
 

Very nice and effective indicator ! Great Work ! Thank you very much for your free tool !

ABDERRAHIMMANIANI
15
ABDERRAHIMMANIANI 2023.07.25 16:33 
 

000

STE S.S.COMPANY
524045
Reply from developer Sayadi Achraf 2023.07.25 16:35
Hi sir, Thank you for taking time to try our indicator, can i know what issue you're facing with our indicators ? It's one 100% free indicator to catch price action support and resistance zones. - We are looking forward to your reply. best regards.
SAYADI Ashref.
RafiAlame
24
RafiAlame 2023.07.17 01:13 
 

need some fixing as with gold the Support and resistance are not accurate all the way.

STE S.S.COMPANY
524045
Reply from developer Sayadi Achraf 2023.07.25 16:35
Hi sir, Thank you for taking time to try our indicator, this indicator is designed mainly for forex trading, sir. best regards.
SAYADI Ashref.
Xiaoyu Huang
5743
Xiaoyu Huang 2023.07.15 18:07 
 

Good

Juergen Loebach
745
Juergen Loebach 2023.06.19 11:19 
 

Effective and easy to use.Thank you.

TM_ https://t.me/BTC_BITTOO
89
TM_ https://t.me/BTC_BITTOO 2023.06.06 19:27 
 

INFACT ITS NOT THE KIND TO PROVIDE GOOD RESULTS MAY BE YOU HAVE A BETTER VERSION TO GET BETTER RESULTS I SHALL USE IT ON DEMO FOR TRIAL PURPOSE ONLY

Andrew_ft
54
Andrew_ft 2023.06.06 09:58 
 

Very good indicator!

Franck Martin
28448
Franck Martin 2023.05.30 10:00 
 

Excellent indicator, thank you. I utilize it to validate my signal strategy.

Anshaal Rehman
539
Anshaal Rehman 2023.04.30 09:02 
 

okay

Tshiamo Phamotse
149
Tshiamo Phamotse 2023.04.26 19:36 
 

great

TAMER SALEM
54
TAMER SALEM 2023.04.21 21:24 
 

Superb ! , it's really simple design makes things clear and useful. MANY THANKS for this free tool

romildofialho fialho
60
romildofialho fialho 2023.03.26 00:51 
 

muito bom o indicador suporte e resitencia, por nos proporcionar uma visão fácil, de detectar pontos de decisões..parabéns

92923155
44
92923155 2023.02.16 17:29 
 

It is useful

Joseph Dana
28
Joseph Dana 2023.02.14 15:14 
 

Muito bom, obrigado!

joeanand
14
joeanand 2023.02.10 20:28 
 

Really great to know the points of resistance and Support which really supports us for the trading thanks a lot

12345
Reply to review
Version 10.0 2021.10.07
1. Fixing alert issues.
Version 9.11 2021.07.01
1. Fixing Name issue.
Version 9.10 2021.07.01
1. Adding Swing High and Swing Low algorithm.
Version 9.0 2021.06.29
1. Optimizing indicator speed.
Version 8.30 2021.06.19
1. Optimizing the algo to work based on the new Market rules.
Version 8.20 2021.06.13
1. Optimizing the algorithm to meet the new Market Rules.
Version 8.10 2021.05.09
1. Increase indicator speed.
Version 8.0 2021.04.27
1. Optimizing algorithm of S/R levels.