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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

1893
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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strazzy 2024.06.02 12:32 #

good indicator.

1893

Reply from developer Ngo Huu Hai 2024.06.02 15:52 #

Hello Strazzy, Thank you very much for your review.