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Automatic Support and Resistance Osw MT4

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Demo downloaded: 15

Published: 18 January 2021

Current version: 1.4

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Automatic Support and Resistance Osw MT4

Indicators
William Oswaldo Mayorga Urduy
William Oswaldo Mayorga Urduy
MQL4 and MQL5 Developer at Oswaltrading

Colombia

8574
5 (62)
MQL4 and MQL5 trader and developer since February 2019, delivering projects in under one day and providing post-delivery technical support.
Optimized code, advanced logic, and high-quality code.

55 products 1 signal 9 topics 20 comments
Version: 1.4
Updated: 19 August 2022
Activations: 5

Automatic Support and Resistance OSW - Automatic Key Levels

Automatic Support and Resistance OSW is an automated technical indicator designed to instantly identify and plot the most relevant Support and Resistance levels on your chart. By intelligently calculating highs and lows from higher timeframes (H1, Daily, Weekly, and Monthly), it eliminates subjectivity when marking key liquidity zones, allowing the trader to focus their attention on price action and strategic decision-making.

Configuration Parameter Guide

S&R Color: Defines the visual color for the horizontal support and resistance lines projected on the chart.

S&R Style: Selects the visual drawing style for the lines (solid line, dotted, dashed, among others).

S&R Width: Adjusts the visual thickness of the level lines to adapt visibility to your screen preference.

Visual Chart Interpretation

The indicator draws automatic horizontal lines placed in the background of the chart so as not to interfere with the candles or your manual analysis.

Levels are calculated dynamically according to the timeframe you are working on:

1 to 4 minute charts: Shows key levels extracted from the 1-hour structure (H1).

5 to 30 minute charts: Shows key highs and lows from the Daily chart (D1).

1 to 2 hour charts: Shows structural levels from the Weekly chart (W1).

4-hour to Monthly charts: Shows high and low levels from the Monthly chart (MN1).

The lines are normalized to highlight areas where the price has historically reacted most frequently.

Operation Guide

Rebound Strategy (Reversal): Observe the price reaction when it reaches a key horizontal line. If you detect rejection patterns (such as momentum reversal candles), look for trades in the opposite direction of the level.

Breakout Strategy (Breakout): When the price breaks a support or resistance line with force, wait for a confirmation pullback to the broken level to trade in favor of the momentum.

Profit Taking and Exits: Use the upper automatic levels as target zones for placing your profit-taking or protection levels.

Usage Recommendations

Suggested assets: Universal. Excellent performance in Forex, Synthetic and Traditional Indices, Commodities, and Cryptocurrencies.

Recommended timeframe: Adaptive to any timeframe from 1 minute (M1) to Monthly chart (MN1).

Efficiency: Designed to update lightly without slowing down the trading terminal.

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Screenshot #1 Automatic Support and Resistance Osw MT4

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Screenshot #3 Automatic Support and Resistance Osw MT4

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Watch Osw: Simple and Effective Candle Stopwatch Lightweight indicator for MetaTrader that shows the remaining time for the current candle's close directly on the chart. It is a basic and functional utility tool designed for traders to always visualize how much time is left for a new bar to form without additional complications in their technical analysis. Parameter Guide (Input Menu) Watch Color: Color assigned to the stopwatch text on the chart. Text size: Font size of the time digits on the

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Watch Osw: Simple and Effective Candle Stopwatch Lightweight indicator for MetaTrader that shows the remaining time for the current candle's close directly on the chart. It is a basic and functional utility tool designed for traders to always visualize how much time is left for a new bar to form without additional complications in their technical analysis. Parameter Guide (Input Menu) Watch Color: Color assigned to the stopwatch text on the chart. Text size: Font size of the time digits on the

FREE

RSI ALARM - RSI Indicator with Dynamic Levels and Alerts RSI ALARM is an enhanced relative strength indicator for MetaTrader, designed for traders looking to capture overbought and oversold extremes. Unlike standard versions, it incorporates dynamic and interactive level lines that you can freely drag over the chart to customize your trigger zones in real-time, offering instant alerts on the platform and your mobile device along with visual signals on the main chart. Parameters Guide (Inputs Me

User Manual: SORS Dynamic Levels System The SORS Indicator is a high-precision tool designed to project key support and resistance levels in real time. It uses Standard Deviation (Endogenous Volatility) to calculate expansion ranges based on the opening price of critical time cycles. Its objective is to identify areas of exhaustion or acceleration, allowing the trader to operate with a mathematical roadmap. Parameter Guide (Entry Menu) The menu allows you to customize the visibility and appeara

DIVERGENCE OSW (For Metatrader 4) This indicator works on divergences and has the following functions: Generate an alert when a divergence occurs. Create lines by calculating the Stoploss and Takeprofit according to projection waves of inverse waves. Create an arrow indicating the possible direction of the market. The signals sent by the indicator are given when the candle ends. The Trader must evaluate each divergence to take entries. Settings: Activation and deactivation of alerts. Alert inte

Round Numbers Osw - Psychological and Institutional Levels Round Numbers Osw is a professional indicator designed to automatically plot round and psychological price levels on any MetaTrader 5 chart, allowing traders to identify critical zones of supply, demand, and institutional liquidity concentration visually and quickly. Configuration Parameters Guide The inputs panel is divided into point scale blocks (10, 100, 1000, 10000, 100000, and 1000000 Points), allowing each level to be customized

User Manual: SRO Intelligent Marking System 1. Introduction The SRO indicator is a dynamic drawing tool for MetaTrader 5 designed for Price Action and SMC traders. Its competitive advantage is its visual clarity: it allows you to draw critical levels that project only into the future, preventing lines from crossing the entire chart history. It also automatically labels each object with the timeframe in which it was created. 2. Quick Execution Commands The system operates using hotkeys. Simply

User Manual: BOS Breakout Signal (OswalTrading) The BOS Breakout Signal is a high-precision tool for MetaTrader specifically designed for traders who operate on the Break of Structure (BOS). The indicator does not clutter the chart with random signals; instead, it filters market noise using an optimized ZigZag algorithm to identify only the most significant support and resistance levels before confirming a breakout. 1. Purpose and Functioning This system acts as a structure scanner. Upon start

AUTOMATICS ORDERBLOCKS OSW (METATRADER 5) This indicator is responsible for showing the Order Blocks under some pre-established rules, among which are: >that there is an impulse that breaks the previous impulse. >When it is found, it is in charge of finding the candlestick pattern formed, to calculate in the most efficient way the high and low of the place, to create the high and low of the Order Block. >After the Order Block is created, the Indicator is constantly checking if any candlest

User Manual: Expert Advisor "Universal Indicator Connector" This system is a high-performance automation bridge designed to execute signals from any custom indicator (.ex5) without reprogramming. The expert acts as an intelligent order manager, allowing you to apply exit rules, money risk management, and time control to strategies that were originally only visual. 1. Indicator Link Configuration For the expert to function, you must correctly "map" the external indicator: IndicatorName: The ex

User Manual: Multi-Connect Trade Copier (MT4/MT5) This system allows for the automatic replication of trades between MetaTrader terminals, acting as a communication bridge to synchronize portfolios with minimal latency. 1. Introduction and Purpose Multi-Connect Trade Copier is an infrastructure tool designed for managing mirror accounts. Its function is to extract signals from a Master account and execute them in a Slave account, enabling exchange between MT4 and MT5, independent risk adjustme

User Manual: Advanced Martingale Management and Risk Control System This professional manual describes the operation, configuration, and visual interface of the Advanced Martingale order management system, designed to automate position recovery and risk management in MetaTrader. 1. Introduction and Purpose This tool acts as a high-precision order manager whose main logic is cost averaging. Its purpose is to protect and recover trades that move against the initial direction by deploying a netwo

User Manual: Telegram Sender Osw Telegram Sender Osw is an Expert Assistant (EA) designed to automate the sending of trading signals from MetaTrader to Telegram. Ideal for signal providers and account management, it sends critical data (Price, Stop Loss, Take Profit, Volume) instantly and professionally. 1. Parameter Configuration General and Connectivity Enable EA: Activates (true) or pauses (false) the system. Bot Token: Alphanumeric code obtained from @BotFather. Chat ID: Identifier of th

User Manual: Market Profile Osw Market Profile Osw is an advanced auction analysis tool that allows you to visualize volume and price distribution over a specific period. Unlike conventional candlestick charts, this system reveals where the most trading activity occurred, identifying psychological support and resistance zones based on real market participation. 1. Parameters Guide (Inputs Menu) General Settings Show Market Profile: Enables or disables the profile visualization on the chart. Vo

FVG Pro Institutional Scanner Advanced Fair Value Gap (FVG) detector for Smart Money traders. Automatically scans and highlights critical liquidity imbalances on the chart, allowing for the anticipation of price reactions, trading of high-probability continuations, and refinement of institutional entries. Parameter Guide CandlesScan: Historical candle limit analyzed to optimize platform performance. FVGPointsMin: Minimum gap size (in points) required to filter out noise and minor market moveme

**STOCHASTIC ALARM** This indicator works like a normal Stochastic, maintaining all its usual settings, such as K, D, Slowing, colors, levels, and other options available to customize its operation and visualization. It also has additional features that allow you to set alarms at the upper and lower levels, for example 80 and 20. These levels can be easily adjusted by moving the blue and red lines directly on the chart to set the desired upper and lower levels. It also allows you to choose w

EA Range Osw EA Range Osw is an expert advisor designed to trade breakouts or reversals in time-bound price ranges. It identifies highs and lows during a custom schedule, places pending orders, and manages risk professionally. Parameter Guide (Inputs Menu) Range Start / End Time (hh:mm): Defines the period to calculate the range. Open / Close Orders Time (hh:mm): Schedule for managing pending orders. Cancel / Close Orders: Cancels pending orders and closes operations at the end of the day. Col

OHLC Timeframes Osw OHLC Timeframes Osw is an essential multi-timeframe indicator designed to clearly and accurately project the key Open, High, Low, and Close levels from up to 4 higher timeframes directly onto your current chart. It allows Price Action and ICT traders to identify liquidity points, institutional support, and resistance with total visual control and an integrated interactive on-chart button to toggle the view instantly. Parameter Guide (Inputs Menu) Timeframe Configuration (T

User Manual: SORS Dynamic Levels System The SORS Indicator is a high-precision tool designed to project key support and resistance levels in real time. It uses Standard Deviation (Endogenous Volatility) to calculate expansion ranges based on the opening price of critical time cycles. Its objective is to identify areas of exhaustion or acceleration, allowing the trader to operate with a mathematical roadmap. Parameter Guide (Entry Menu) The menu allows you to customize the visibility and appear

Automatic Support and Resistance OSW - Automatic Key Levels Automatic Support and Resistance OSW is an automated technical indicator designed to instantly identify and plot the most relevant Support and Resistance levels on your chart. By intelligently calculating highs and lows from higher timeframes (H1, Daily, Weekly, and Monthly), it eliminates subjectivity when marking key liquidity zones, allowing the trader to focus their attention on price action and strategic decision-making. Configur

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