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Support Resistance Tracking

Support Resistance Tracking Indicator

The Support Resistance Tracking Indicator is a technical analysis tool that helps traders identify and track support and resistance levels. It is a valuable tool for traders of all levels, from beginners to experienced professionals.

How it works

The Support Resistance Tracking Indicator uses a variety of methods to identify support and resistance levels. These methods include:

  • Historical price action: The indicator looks for price levels where the market has previously reversed direction.
  • Chart patterns: The indicator identifies chart patterns that are often associated with support and resistance levels.
  • Indicators: The indicator uses other technical indicators to identify potential support and resistance levels.

Once the indicator has identified support and resistance levels, it displays them on the chart. The indicator also provides indicators of the strength of these levels.

Benefits

The Support Resistance Tracking Indicator offers a number of benefits to traders, including:

  • Helps identify potential trading opportunities: By identifying support and resistance levels, traders can identify potential entry and exit points for their trades.
  • Improves trading accuracy: By understanding support and resistance levels, traders can improve their trading accuracy.
  • Reduces risk: By identifying areas of support and resistance, traders can reduce their risk of losing money on trades.

How to use

The Support Resistance Tracking Indicator is easy to use. Simply add the indicator to your chart and configure the settings to your liking.


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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
Up down v6T
Guner Koca
5 (1)
Thise indicator is up down v6  comes with tradingwiev pinescript. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView pinescript. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that
TrendDecoder Premium
Christophe, Pa Trouillas
5 (3)
Identifiez les ranges et les prochaines tendances fortes   |  Obtenez les premiers signaux et la force des tendances   |  Obtenez des TP clairs et RR favorable   |  Repérer les niveaux Fibo que le prix va tester Indicateur qui ne retrace pas, non retardé - idéal pour le trading manuel et automatisé - adapté à tous les actifs et à toutes les unités de temps Pour une durée limitée >>   -50% de réduction Après votre achat,   contactez-moi sur ce canal  pour obtenir les réglages recommandés. Version
FX Power MT4 NG
Daniel Stein
5 (9)
Obtenez votre mise à jour quotidienne du marché avec des détails et des captures d'écran via notre Morning Briefing ici sur mql5 et sur Telegram ! FX Power MT4 NG est la nouvelle génération de notre très populaire indicateur de force des devises, FX Power. Et qu'est-ce que ce compteur de force de nouvelle génération offre ? Tout ce que vous avez aimé de l'original FX Power PLUS Analyse de la force de l'OR/XAU Des résultats de calcul encore plus précis Périodes d'analyse configurables individuel
The 1 2 3 Pattern Scanner
Reza Aghajanpour
4.78 (54)
** All Symbols x All Timeframes scan just by pressing scanner button ** After 17 years of experience in the markets and 3 years of programming, Winner indicator is ready. I would like to share with you! *** Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Inte
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This   Amazing Signal Entry   indicator is designed for signal trading. This indicator generates trend signals. It uses many algorithms and indicators to generate this signal. It tries to generate signals from the points with the highest trend potential. This indicator is a complete trading product. This indicator does not need any additional indicators. The indicator is never repainted. The point at which the signal is given does not change. When the signal comes the arrows are put back
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The Spread Monitor indicator is designed to instantly show the seprads of currency pairs. Spreads of all pairs appear at the bottom of the screen as oscillators. The indicator has a spread level parameter. When you enter a value in this parameter, the ones below that value are displayed in green and the ones above it in red.  The spreads of 28 pairs appear on the indicator. Note: It does not work in test mode. In test mode, spreads show 0. Works in live mode To View Our Other Products Go to the
This    Trusty Strong Arrow     indicator is designed for signal trading. This indicator generates trend signals. It uses many algorithms and indicators to generate this signal. It tries to generate a signal from the points with the highest trend potential. This indicator is a complete trading product. This indicator does not need any additional indicators. The indicator certainly does not repaint. The point at which the signal is given does not change.     Features and Suggestions Ti
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This    Perfective Signal System   indicator is designed for signal trading. This indicator generates trend signals. It uses many algorithms and indicators to generate this signal. It tries to generate a signal from the points with the highest trend potential. This indicator is a complete trading product. This indicator does not need any additional indicators. The indicator certainly does not repaint. The point at which the signal is given does not change.     Features and Suggestions
The   True Hero Oscillator   indicator is designed for signal trading. This indicator generates trend signals. It uses many algorithms and indicators to generate this signal. It tries to generate signals from the points with the highest trend potential. This indicator is a complete trading product. This indicator does not need any additional indicators. This product uses 3 main indicators and many algorithms. The indicator is never repainted. The point at which the signal is given does no
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Super Magic Signal     indicator is designed for signal trading. This indicator generates trend signals. It uses many algorithms and indicators to generate this signal. It tries to generate a signal from the points with the highest trend potential. This indicator is a complete trading product. This indicator does not need any additional indicators. The indicator certainly does not repaint. The point at which the signal is given does not change.     Features and Suggestions Time Frame:
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The Multi Channel Trend indicator was developed to help you determine the trend direction by drawing channels on the graphical screen. It draws all channels that can be trending autonomously. It helps you determine the direction of your trend. This indicator makes it easy for you to implement your strategies. The indicator has Down trend lines and Up trend lines. You can determine the price direction according to the multiplicity of the trend lines. For example , if the Down trend lines start to
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The   Hero Line Trend   indicator was developed to help you determine the trend direction by drawing channels on the graphical screen. It draws all channels that can be trending autonomously. It helps you determine the direction of your trend. This indicator makes it easy for you to implement your strategies. The indicator has Down trend lines and Up trend lines. You can determine the price direction according to the multiplicity of the trend lines. For example , if the Down trend lines start to
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