PZ Support Resistance

3.33

Unlock key market insights with automated support and resistance lines

Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products]

  • Boost your technical analysis
  • Customizable timeframe selection
  • Read price levels from the timeframe of your choosing
  • Detect important price levels without browsing through charts
  • Recognize the relative strength of all price levels at a glance
  • Save up to half an hour of plotting lines for every trade
  • The indicator displays the age of all price levels

Price levels are collapsed by proximity and adjusted to the current market action.

  • Price levels get darker and wider as they get rejected over time
  • Unimportant price levels are cleared regularly to avoid noise
  • It implements email/sound/push alerts for breakouts and false breakouts

Input Parameters

  • Timeframe: Choose the period to read price data from. Can be current or higher.
  • Period: Zigzag period used to read price points from. Zero means the indicator will choose the best period.
  • ATR Period: ATR period used to collapse prices by proximity.
  • ATR Multiplier: ATR multiplier used to collapse prices by proximity. A higher value will produce less lines.
  • Max History Bars: Amount of past bars to iterate in the indicator finding prices.
  • Color Settings: Enter your desired colors for support and resistance lines based on importance.
  • Label Settings: Display or hide age labels and customise colors and sizes.
  • Alerts: Enable display/email/push/sound alerts for breakouts and fake breakouts.

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Avis 4
alisabar
446
alisabar 2016.05.24 13:36 
 

At D1 it works quite well.

gmackinnon
141
gmackinnon 2015.08.25 19:06 
 

Very useful indicator.

Works well if you follow the instructions on the website.

Monthly levels and higher are very clear support resistance areas.

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Indicateurs
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Filtrer:
alisabar
446
alisabar 2016.05.24 13:36 
 

At D1 it works quite well.

PZ TRADING SLU
852328
Réponse du développeur Arturo Lopez Perez 2021.04.28 02:01
Many thanks.
gmackinnon
141
gmackinnon 2015.08.25 19:06 
 

Very useful indicator.

Works well if you follow the instructions on the website.

Monthly levels and higher are very clear support resistance areas.

PZ TRADING SLU
852328
Réponse du développeur Arturo Lopez Perez 2021.04.28 02:01
Many thanks.
pvanam46
21
pvanam46 2015.04.17 20:29 
 

Excellent indicator giving support and resistance levels at a glance. Well worth the money

PZ TRADING SLU
852328
Réponse du développeur Arturo Lopez Perez 2021.04.28 02:02
Many thanks.
Happy Mans World
1447
Happy Mans World 2014.12.26 17:47 
 

Average SR Indicator, and not worth the money paid for it.

PZ TRADING SLU
852328
Réponse du développeur Arturo Lopez Perez 2021.04.28 01:59
Please update. I hope this update is worth a better review.
Répondre à l'avis