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Supports And Resistances Lines

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Published: 22 November 2022

Current version: 1.26

Supports And Resistances Lines

4.77

Indicators
Francisco Gomes Da Silva
Version: 1.26
Updated: 24 November 2023

Support and Resistance zones Indicator MT5

this indicator knows how to identify tops and bottoms automaticly.

This support and resistance indicator creates support lines and resistance lines based on tops and bottoms.

how to make support and resistance lines.

this is an indicator to make automatic support and resistance lines.

how to find support level with indicator.

this indicator finds tops and bottoms automaticly.

The Indicator automatically creates support lines every time “Fractals” creates a bottom automatically or makes a new bottom lower than the previous bottom, so the indicator automatically draw an automatic support line on the screen.

How to create Resistance lines.

The indicator creates resistance lines automatically in the same way that it creates support levels, whenever “Fractals” makes a new top or a top higher than the previous top, so the indicator creates a new resistance automatically, so you don't have to worry about where are tops and bottoms levels.

this indicator is a easy way for traders to mark their charts with support and resistance.

How to mark a top.

Tops are automatically setted by “Fractals” and then a resistance line is drawn at that level to mark that top.

How to mark a bottom

bottoms are also automatically setted by “Fractals” and then a support line is created to mark that bottom.

Support and resistance zones

tops and bottoms zones MT5

Bottom zones

You can set the tick width of the support zone to take an entire support region instead of just drawing a line at the bottom

top zones

In the same way you define a resistance zone, using ticks to increase the width of the line on tops region

Range of tops and bottoms

The main function of this indicator is to easily identify empty holes in the chart, where there are neither tops nor bottoms, a space without resistance and without support, where normally the market runs faster from one such point to another.

Tops and bottoms strategy

The strategy of operating with this indicator is to have a better risk management, because if the market breaks a resistance, it will probably look for the next one, and as there may be a big hole until the next one, the risk return is favorable, or not, depending on from where you place your stop, normally the stop is placed at the last support, or below the resistance that has just been broken.

support and resistance or supports and resistances zones with tops and bottoms or peaks point

Comment

You can submit suggestions, comments, ratings or complaints about my products. Thank you for every interaction, it will be very useful.

support and resistance or supports and resistances zones with tops and bottoms or peaks and bottom points

more...

Nicky Hollins 2024.04.21 11:09 #

EA ok veery good

535

gnanos123 2024.02.07 17:25 #

It Works

danieltickmaill 2024.01.01 21:38 #

I love this indicator and a very good one. Thanks to this developer.👌

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Candle counter This indicator counts and identifies candles based on a longer time frame Bigger Timeframe You can choose the daily timeframe as " Bigger Timeframe ", and run it within any smaller chart. that it will count the bars based on the daily chart . If you pass as a parameter the timeframe " H1 " then the indicator will know how to count the bars inside the H1 chart you just need to run it on smaller charts. The main parameter is the " Bigger Timeframe " which is a larger timeframe than

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Previous Day's Close and Bar Shift Indicator for MetaTrader! The Previous Day's Close and Bar Shift Indicator is a tool designed to enhance technical analysis and decision-making in trading. With this indicator, you will have access to detailed information about the opening, high, low, and closing levels of any bar, allowing for precise and comprehensive analysis of market movements. Imagine having the ability to nest one timeframe within another, enabling detailed analysis of each bar across di

FREE

Discover where large institutions are trading and optimize your investments with the Free Anchored VWAP Indicator for MetaTrader 4. Find out the price where large institutions are making trades with our Free Anchored VWAP Indicator for MetaTrader 4! Now you can save your valuable time by automating the plotting of your anchored VWAPs at market tops and bottoms. Our free version allows you to easily view the VWAP in real-time by following the mouse pointer on the chart. With this, you can instant

FREE

This VWAP is a simple VWAP, but we've incorporated notifications that inform you when the price hits or crosses the VWAP line. This indicator is a traditional VWAP indicator for MetaTrader 4 (MT4). The default parameters are those of the normal VWAP, but you have the ability to modify the VWAP calculation, and the best part: When the price touches or crosses the VWAP, you will be notified through alerts, mobile notifications, email, or sound events. Anchored VWAP indicator for MT4 . Parameters:

FREE

Build Your Strategy Yourself This tool allows you to develop your strategies using all the indicators available natively in MetaTrader and any indicators downloaded from the internet that use buffers to display data on the screen. This tool is another reason for you to consider MetaTrader to automate your trading strategies. With it, you can create your own strategy signals in a simple and intuitive way, using any MetaTrader indicator. How Do I Know If My Internet-Downloaded Indicator Uses Buffe

FREE

Unveil Trading Insights with Auto Anchored VWAPs: Auto Anchored VWAPs serve as your guiding companion in the world of trading. These indicators pinpoint crucial market turning points and illustrate them on your chart using VWAP lines. This is a game-changer for traders who employ anchored VWAP strategies. How Does It Work? Identifying High Points: If the highest price of the current candle is lower than the highest price of the previous one, And the previous high is higher than the one before it

FREE

This tool places stops on your positions Quickly test by Metatrade Strategy Tester. Your stop will be at the last bottom in case of a long position Or your stop will be at the last top in case of a short position Furthermore, this tool manages the trailing of your open positions. always place your stop at the last high formed or the last formed bottom to create the tops and bottoms I use the free indicator "Supports and Resistances Lines" which is available for download at this link: downl

30 USD

Discover the Power of Risk Management with Price Action to Position Your Stop Loss! Have you ever experienced the situation where you know exactly when to enter a trade, but you're unsure about the right time to exit? Don't worry, you're not alone! Many traders face this challenge on a daily basis. The good news is that our price action-based risk management tool is here to solve this problem. While you focus on identifying the optimal entry points, our tool takes control and handles the trade e

30 USD

FREE

candlestick counter indicator this indicator counts candles that are on the chart of any timeframe a free bar counter for you to download on mt4 the candlestick counter counts how many candles there are inside a larger chart with this candle counter you can do the automatic candlestick count free candlestick count indicator for you to download and count bars automatically bar counter to count the bars count candle counter indicator mt4 count candle bar counter for MT5 If you are interested in th

FREE

How to Create an Automated Trading Robot Have you ever wondered how powerful it would be to automate your trading strategies with just a few clicks of the mouse? Imagine having the freedom to create and test different trading strategies without the need to dive into complicated code. With Rule Plotter, this vision becomes a reality. Here we will explore how you can create your own custom trading robot using Rule Plotter, a trade-system creation tool that simplifies the entire process. What is Ru

FREE

This indicator is a demo version of the complete My candle, which can be downloaded here: Candle Patterns Creator With the full version, you can create your own candle rules and modify a traditional candle pattern to be more accurate according to your strategy. The indicator includes several example candle rules, but here I will demonstrate only a few: Pattern Rule Candle Green C > O Candle Red C < O Doji C = O Hammer (C > O and (C-O) *2 < O-L and (C-O) *0.5 > H-C) or (C < O and (O-C) *2 < C-L a

FREE

Have you ever thought about having a scanner that scans all strategies and shows the buy and sell points for all timeframes of that asset, all at the same time? That's exactly what this scanner does. This scanner is designed to display the buy and sell signals you created in the Rule Plotter: strategy creator without programming and run them within this scanner on various assets and different timeframes. The default strategy for Rule Plotter is only bullish and bearish candles. This means that i

FREE

Bollinger bands out/in strategy A strategy created by Joe Ross, and very useful for finding trades when the market is overloaded. Indicator You don't need to find where there are entries on the chart, this indicator shows them for you. The entrance The trade is confirmed when the price closes outside the bollinger bands on a candle and the candle after the price closes inside the bands. comment I want to improve this indicator, so you can help me sending me your reviews and comments, thanks :).

FREE

Trade System You choose a bar on the day to trade, when this bar closes the robot will send two orders a at the high other at the low of the candle, which gets again the other will be canceled Stop the stop will be one tick under the low on case of the buy, or one tick above the high on case of the sell Take The take can be setted how much you wants of the stop range, it can be costumized in the strategy otimization Otimization This robot have the input to get risck return, so you can run int in

FREE

Mouse You can draw fibonaccis moving the mouse over the zigzag indicator Pin them You can click on fibonacci with this option and it will no longer be deleted unless you click on it again :) Precision The tuned fibonacci gets the precise point in lower timeframes Enjoy it You can ask me for add more features, so please comment and leave your ranting for me to be happy, thank you :)

FREE

This Expert Advisor has been designed to test and execute your strategies created within the Rule Plotter indicator. How to use: Download the indicator Rule Plotter - a tool for creating trading systems without the need for programming . Next, develop your strategies within the Rule Plotter indicator. Finally, execute your created strategies using this Expert Advisor. Parameters: Strategy: Your trading system created within the Rule Plotter indicator, allowing you to test and execute your custom

30 USD

Trading Your Strategies Created with Rule Plotter Indicator with Rule Plotter Expert: Now that you have created your custom strategies using the Rule Plotter Indicator and visualized the arrows indicating entry and exit points on the chart, it's time to bring these strategies to life in the financial markets. With the Rule Plotter Expert, you can trade autonomously and accurately based on these arrows, making the most of the potential of your strategies Turning Arrows into Actions: The arrows ge

30 USD

Hide Scale - The ideal tool for traders who want to maximize chart space How to use Hide Scale Press "T" to hide the time scale and "P" to hide the price scale. You can customize the keyboard shortcuts by clicking on the corresponding buttons and choosing a new key for each function. If you want to hide both scales at the same time, you can assign the same key to both options. To display the scales again, simply press the corresponding key again. The reason behind creating this tool We developed

FREE

Patterns Wizard is a tool for creating candlestick patterns. With it, you can create various patterns and add as many instances of this indicator as you want on your chart, each with a different pattern. To better understand how creation formulas work, you can refer to the examples of the My Candle indicator, which has over 70 examples of candlestick patterns The main difference with this indicator is that it has 30 rule parameters , meaning you can set a different rule for each of the last 30 c

FREE

Hide Scale - Tool for Traders Who Want More Screen Space Instructions Press "T" to hide the time scale and "P" to hide the price scale. You can customize these keys by clicking the corresponding button and typing a new key on your keyboard. To hide both scales at the same time, you can assign the same key to both options. To show the scales again, simply press the corresponding key again. Why We Created This Tool We created this Hide Scale tool to help traders who use our Sweet VWAP indicator to

FREE

TrendPlator: Empower Your Trading Strategies with an Advanced Trend Projection Indicator Explore the potential of our innovative indicator! With the ability to analyze and project trend lines from larger timeframes directly onto your current timeframe, it provides strategic support that catches the attention of traders across the board. These points become strategic levels of support or resistance for your trades, strengthening your trading strategy. Visualize the opportunity to add an indicator

30 USD

Filter:

Nicky Hollins 2024.04.21 11:09 #

EA ok veery good

clive dawson 2024.04.17 17:07 #

good

1168

Frederic Jacques Collomb 2024.04.11 11:11 #

Good indicator, many settings. Thanks

535

gnanos123 2024.02.07 17:25 #

It Works

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Reply from developer Francisco Gomes Da Silva 2024.02.07 17:32 #

Thanks for your review :)

danieltickmaill 2024.01.01 21:38 #

I love this indicator and a very good one. Thanks to this developer.👌

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Reply from developer Francisco Gomes Da Silva 2024.01.01 23:25 #

thank you very munch for your review Daniel, it is great to hear this indicator can be useful

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Marco Engstermann 2023.12.19 06:43 #

Very nice , Thank you

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Reply from developer Francisco Gomes Da Silva 2023.12.20 01:06 #

Thank you very munch for take a time to give me your review Marco, it is very important to me

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Quoc Trieu Le 2023.12.05 13:06 #

Very useful, thank you very much!

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Reply from developer Francisco Gomes Da Silva 2023.12.06 04:00 #

thank you very much Quoc, it is very good receive your great review

tz.traderfx 2023.12.05 09:12 #

Excellent!!!

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Reply from developer Francisco Gomes Da Silva 2023.12.06 03:59 #

thanks :)

zatami 2023.11.24 13:12 #

Thank you for developing this great tool. I love it. I wish it had full line that is not a dotted line for the SnR. That would make it greater. Well-done all the same, and cheers.

Additional Review and Comment: 8th December 2023: Yes, Francisco. Man, your reply opened my eyes on how to get it to display SnR Lines instead of the Dots. Waow. You continue to amaze me on this tool. It has shortened my time on drawing the SnR manually, and upon that it's an MTF which makes it much easier for one to read the MTF waves.

Man, if there's a way of giving more than 5 Stars, I'll do so. Well done. Great.

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Reply from developer Francisco Gomes Da Silva 2023.11.24 18:03 #

Thanks for your great review zatami, by the way it is already implemented, use the input Display Mode as "LINE"

Peter Bačinský 2023.11.01 05:47 #

Very useful, thanks.

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Reply from developer Francisco Gomes Da Silva 2023.11.01 08:56 #

Thank you for your review Perter

tundeiab Abiola 2023.10.18 14:44 #

Beautiful indicator. Thank you

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Reply from developer Francisco Gomes Da Silva 2023.10.18 21:54 #

A big thank you for your review Tundeiab Abiola

117

sinh927 2023.10.16 04:44 #

When the time frame is set to 4 Hours or 1 Hour, too many lines are displayed, making it difficult to use. Many of the lines do not match what I think of as lines.

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Reply from developer Francisco Gomes Da Silva 2023.10.16 16:02 #

Hello Sinh, thank you very much for your feedback. These lines are a new feature and work exceptionally well when used with larger timeframes, such as monthly or weekly. I have made an update to version 1.21 that will set the input display mode to use buffers by default, which is recommended for smaller timeframes, such as D1.

timoor 2023.10.10 01:32 #

Thank you, I am a beginner and I use it to learn on a demo account

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Reply from developer Francisco Gomes Da Silva 2023.10.10 02:30 #

It's great to know that you're starting as a trader now and have found my indicator useful. Welcome to the market! I hope this indicator can be helpful for your analyses. Happy studying, and a big thank you for your review. :)

Thaer Barakat 2023.10.07 07:29 #

great .. thank you

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Reply from developer Francisco Gomes Da Silva 2023.10.07 13:58 #

I am grateful for your review, Thank you!!!

Martin Rhyner 2023.09.28 09:40 #

Great Indicator. Thanks a lot for this!

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Reply from developer Francisco Gomes Da Silva 2023.09.28 14:52 #

You are Welcome many thanks for your review!

104

51323997 2023.09.07 15:19 #

It is very helpful

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Reply from developer Francisco Gomes Da Silva 2023.09.07 16:42 #

Many thanks :) Combine this indicator with 'sweet vwap' is a tip ;)

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xlxAxlx 2023.08.23 13:15 #

Thank you ...

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Reply from developer Francisco Gomes Da Silva 2023.08.23 13:54 #

Thank you for your review ... :)

Jerry Slagger 2023.08.22 19:48 #

One of the best Support and Resistance indicators I have ever used. You can add it to the chart as many times as you need, thus showing different timeframe s/r levels. Thank you for this awesome free indicator!!!

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Reply from developer Francisco Gomes Da Silva 2023.08.22 22:41 #

Jerry, your review means a lot! Your shared experience is incredibly valuable for others considering this indicator. I'm truly thrilled that you've found it useful. Your feedback brings me a lot of happiness. Thank you!

296

Agus Putu Gede Wira Adnyana 2023.07.18 16:47 #

best after all bro..

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Reply from developer Francisco Gomes Da Silva 2023.07.19 16:10 #

Thank you so much for taking the time to provide me with your incredibly gratifying review, Bro. This indicator utilizes price action and reflects some of what I've learned about market waves. Thank you again for your gratifying review.

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joseverasay 2023.06.29 03:14 #

Muy útil gracias

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Reply from developer Francisco Gomes Da Silva 2023.06.29 13:57 #

Hola Joseverasay, te agradezco por dedicar tiempo a evaluar mi indicador y compartir tu opinión. Me alegra saber que el indicador te ha sido útil para identificar niveles de soporte y resistencia en tus análisis de mercado. Espero que el indicador siga aportando valor a tu estrategia de negociación y que puedas utilizarlo para tomar decisiones informadas en tus operaciones. Los niveles de soporte y resistencia tienen una base sólida en el análisis técnico y son una parte importante del price action. Una vez más, gracias por tu evaluación y espero que sigas encontrando éxito en tus negocios.

1 2

Version 1.26 2023.11.24

- Bug of lines that were not appearing has been fixed.
- Removed garbage from buffers when the trader switches to a timeframe greater than the specified timeframe via parameters.

Version 1.25 2023.11.23

+ Input for line style
+ Input for line width

Version 1.24 2023.11.21

Input for the design of "buffer"

Version 1.23 2023.11.20

More alerts have been added in this version:
- Alert when the price touches the support or resistance
- Alert when the candle closes above the resistance
- Alert when the candle closes below the support

Version 1.22 2023.10.29

More display modes, now you can choose between:

- Buffer
- Line
- Ray (useful to show lines from larger timeframes inside the current timeframe)
- Buffer And Lines
- Buffer And Ray

The default is buffer because it is faster and useful for use inside the "Rule Plotter" Indicator.

Version 1.21 2023.10.16

The previous version with the default parameter "lines" was causing a lot of confusion in timeframes smaller than D1. For this reason, we are now setting only the buffers as the default. In the meantime, you can manually configure a bigger timeframe, like the monthly timeframe, and set the display mode to "Lines," which will work wonderfully. Please refer to the images in the description to see how to configure these inputs.

Version 1.20 2023.10.11

Fix bug of too many lines.

Version 1.19 2023.10.10

Fix the bug where, when the chart has not yet loaded all of the bars and the indicator is already calculating their data, many lines are left, and if it happens on your version.

Add Lines features when the current timeframes are input.

Version 1.18 2023.10.07

Add real lines; before, only buffers were available, but now you can choose your view using lines, buffers, or both.

Version 1.17 2023.04.24

- Added tops buffer
- Added bottoms buffer

Version 1.16 2023.03.26

- MTF Supportes:
- Timeframe M1
- Timeframe M2
- Timeframe M3
- Timeframe M4
- Timeframe M5
- Timeframe M6
- Timeframe M10
- Timeframe M12
- Timeframe M15
- Timeframe M20
- Timeframe M30
- Timeframe H1
- Timeframe H2
- Timeframe H3
- Timeframe H4
- Timeframe H6
- Timeframe H8
- Timeframe H12
- Timeframe 1 Day
- Timeframe 1 Week
- Timeframe 1 Month

Version 1.15 2023.03.22

- Reduction of buffers, now you can place other instances of this same indicator on the chart by selecting the MTF timeframe via parameter
- Fixed a bug that was having when the first top or bottom of the daily chart was behind the first bar of the current chart

Version 1.14 2023.03.21

- Add Timeframe in alert messages

Version 1.13 2023.03.20

- Add button to turn on/off current period zigzag

Version 1.12 2023.03.20

- Add zigzag to current timeframe

Version 1.11 2023.03.19

- Add zig zag on daily timeframe

Version 1.10 2023.03.18

- Add zig zag on daily timeframe

Version 1.9 2023.03.17

- Bug fixed

Version 1.8 2023.03.16

- On and off button for current graph
- On and off button for daily chart

Version 1.7 2023.03.13

MTF support for searching daily chart tops and bottoms Added

Version 1.6 2023.03.11

Added support for the not operator
!

Version 1.5 2023.03.10

Added support for not equal
!=

Version 1.3 2023.03.09

To add:
-Sound Alerts
-Alerts In Metatrader
-Mobile Notification Alerts
-Email Alerts

Version 1.2 2023.03.08

Added support for parentheses for math rules, example:
(value + operator + value) and (value + operator + value)

Version 1.1 2023.03.07

- Rule parameters for resistance added
- Rules parameters for added support