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MTF Support and Resistance using ZigZag for MT5

30 USD

Demo downloaded: 31

Published: 29 May 2023

Current version: 1.35

MTF Support and Resistance using ZigZag for MT5

Name: MTF Support and Resistance using ZigZag for MT5
Price: 30.00 USD
Rating: 5 (1 reviews)
Author: Ngo Huu Hai

Indicators
Ngo Huu Hai
Ngo Huu Hai
Viet Nam

1842
4.3 (3)
8 products
Version: 1.35
Updated: 26 May 2024
Activations: 20

This is a multi-timeframe indicator that detects and displays support and resistance (S&R) lines using the ZigZag indicator.

Features

The support and resistance lines are not redrawing.

The indicator is capable of adding new support and resistance levels as they appear.

Each S&R line has a tooltip that displays the price level and start time.

Save time for multi-timeframe analysis on trades.

All types of alerts (sound, pop-up, email, mobile push notification) are available.

Working with all pairs (forex, metals, indices, stocks, cryptos,...).

Input parameters

TimeFrame - Choose the Timeframe to analyze. Can be current or higher.

Depth - The minimum of the candles on which the ZigZag will not make a new extreme.

DisplayHTFSR - Display additional support and resistance levels based on higher timeframes than the selected 'TimeFrame' value.

HTFZigZagDepth - ZigZag depth of higher timeframes.

ATRPeriod - ATR Period used to adjust the distance between S&R lines.

ATRFactor - A higher ATR Factor value will produce fewer S&R lines. Zero means the indicator will choose the best value.

MaxHistoryBars - The number of bars for calculation (to speed up the calculations and reduce the CPU usage).

SupportLineColor - Color of the support lines.

ResistanceLineColor - Color of the resistance lines.

SRLineStyle - Style of the support/resistance lines.

SRLineWidth - Width of the support/resistance lines.

DisplayAlerts - Display alerts (pop-up) when touching a level.

EmailAlerts - Send alerts via email when touching a level.

PushAlerts - Send alerts to mobile when touching a level.

SoundAlerts - Play sound alerts when touching a level.

SoundFile - Name of the sound file.

more...

Screenshot #1 MTF Support and Resistance using ZigZag for MT5

Screenshot #2 MTF Support and Resistance using ZigZag for MT5

Screenshot #3 MTF Support and Resistance using ZigZag for MT5

Screenshot #4 MTF Support and Resistance using ZigZag for MT5

Screenshot #5 MTF Support and Resistance using ZigZag for MT5

Screenshot #6 MTF Support and Resistance using ZigZag for MT5

Screenshot #7 MTF Support and Resistance using ZigZag for MT5

197

strazzy 2024.06.02 12:32 #

good indicator.

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39 USD

This indicator is designed for scalping Gold, BTC, US30, GBPUSD, and can also be used on any financial instrument. It does not repaint, erase past signals, and it is not lagging. The indicator is a combination of two well-known indicators: Bollinger Bands and TD Sequence. It has a relatively high win rate; however, it is not a complete system and should be used in conjunction with other indicators to filter noise, increase the win rate, and is intended for experienced scalpers. Always set reaso

39 USD

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strazzy 2024.06.02 12:32 #

good indicator.

1842

Reply from developer Ngo Huu Hai 2024.06.02 15:52 #

Hello Strazzy, Thank you very much for your review.