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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Candlestick Patterns Finder is an indicator designed to automate and simplify chart analysis. It is perfect for both beginners who want to learn about the market and its mechanics, as well as advanced users who want to automate certain processes. It searches for both current and past formations, additionally notifying the user about the pattern found through three available methods, e.g. alerts (great for multiple charts running). Recognizes 24 patterns divided into bullish, bearish and neutral
Supports and Resistances MT5
Slawomir Wenc
Indicators
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
Candlestick Patterns Finder MT5
Slawomir Wenc
Indicators
Candlestick Patterns Finder   is an indicator designed to automate and simplify chart analysis. It is perfect for both beginners who want to learn about the market and its mechanics, as well as advanced users who want to automate certain processes. It searches for both current and past formations, additionally notifying the user about the pattern found through three available methods, e.g. alerts (great for multiple charts running). Recognizes 24 patterns divided into bullish, bearish and neutr
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