Supports and Resistances MT4

Supports and Resistances is a quick and easy tool for finding support and resistance levels. It was created according to the "run and forget" idea to automate daily routines and speed up the decision-making process.

It is a great tool for beginners, as well as for users who have been on the market for a while.


How to run it?

To run the indicator, all you have to do is set three parameters:

1. Number of candles to be analyzed by the program;
2. Maximum zone width in pips;
3. Frequency of finding highs and lows;

Default values are set and can be modified as needed. 

And that's it. Enjoy! :)


I encourage you to test the indicator in the demo version and leave your rating and comment!


Zone description

The zones are divided into three colors:

  • Pink - resistance zones,
  • Blue - support zones,
  • Gray - zones that are currently being tested.

Colors can be customized according to your preference.


If you have any questions or problem contact me via private message. Additionally, if you are a proponent of process automation too or you are interested in price action topics and more, I encourage you to check out my other products below or here ↓


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