Better Support Resistance

4.4

Better Support & Resistance shows the best support and resistance lines and zones. It is based on Fractals with the factor of your choice. All fractals are assembled, weighted, extended and merged into a clear set of support and resistance lines. The immediate nearby lines are shown as zones when price is in that zone.

Better Support & Resistance gives you the best overview of the important price levels.


Settings

Better Support & Resistance's default settings are good enough most of the time. Nearly all of them are fairly standard. Here are the ones that need some explanation.

  • Fractal factor (2..10) - set this to the factor for the Fractals, minimum is 2, maximum is 10. The higher the number, the deeper the Fractal. Play with this.
  • Timeframe - you know what this is. Set to the timeframe for which to show the Support & Resistance.
  • Color Palette - set to 'Dark' or 'Light', whatever your preference is. 'Come to the Dark Side, Luke'.
  • Colors - you know what to do.


Display

  1. The Fractals are shown as a circle with the Factor number in it.
  2. Support and Resistance are shown by lines starting at or near the defining Fractal. A line can be the result of extending and merging several other lines.
  3. The high and low of the nearest Support and Resistance zones are shown as a dotted horizontal line.
  4. A colored zone is displayed if price is in that zone. This signals a possible reversal.

Better Support & Resistance is an invaluable tool to shine a light on possible reversal zones.

Do not hesitate to contact me. Let me know what you think of Better Support & Resistance. Only with your help, I can create better tools for MT4.

Avis 5
Fallet Willy
2716
Fallet Willy 2019.03.28 17:23 
 

nice

cvdestyfx
2925
cvdestyfx 2018.04.19 18:55 
 

By far the best support and resistance indicator I have ever used.

sunshinetrade
72
sunshinetrade 2016.12.23 19:19 
 

Using this with MonsterDash, just awesome, great job :)

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Filtrer:
Ahmet Aktas
61
Ahmet Aktas 2020.01.29 08:16 
 

Nice indicator, but it does not refresh itself. Lines stay at the last point unless you refresh the indicator manually.

Fallet Willy
2716
Fallet Willy 2019.03.28 17:23 
 

nice

cvdestyfx
2925
cvdestyfx 2018.04.19 18:55 
 

By far the best support and resistance indicator I have ever used.

sunshinetrade
72
sunshinetrade 2016.12.23 19:19 
 

Using this with MonsterDash, just awesome, great job :)

darktideac2
246
darktideac2 2016.04.08 11:23 
 

Really great tool - I am using it in combination with the harmonic pattern indicator, and it work out very well.

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