SRline

SRline

Automatic Support and Resistance Zone Indicator Based on Fractal Structure

Overview

SRline is a technical analysis indicator designed to identify and display support and resistance zones using fractal-based price structure detection.

The indicator automatically scans historical price data and marks significant fractal highs and lows directly on the chart.

It can be used for:

  • Market structure analysis
  • Support and resistance observation
  • Breakout monitoring
  • Reversal analysis
  • Price action workflows

Main Features

Automatic Fractal Detection

The indicator identifies support and resistance levels using configurable fractal logic.

Detection is based on:

  • Fractal highs
  • Fractal lows
  • Configurable left/right bar structure

Detected levels are displayed directly on the chart for structural market analysis.

Support and Resistance Visualization

The indicator displays visual markers at detected support and resistance locations.

Features:

  • Automatic chart marking
  • Directional level visualization
  • Structured zone observation

Visual markers help identify areas where price structure has previously reacted.

Configurable Detection Sensitivity

The sensitivity of fractal detection can be adjusted through user-defined parameters.

Configurable Settings:

  • leftbars
  • rightbars
  • shift

These settings allow the indicator to adapt to different trading styles and timeframe selections.

Input Parameters

leftbars

Number of bars to the left used for fractal structure validation.

rightbars

Number of bars to the right used for fractal structure validation.

shift

Optional chart shift adjustment for indicator display positioning.

Usage Applications

The indicator may be used for:

  • Support and resistance analysis
  • Price action workflows
  • Breakout observation
  • Reversal monitoring
  • Intraday trading
  • Scalping
  • Swing trading

It can also be combined with:

  • Supply and demand analysis
  • Trend-following systems
  • Oscillators
  • Multi-timeframe confirmation

Visualization

The indicator provides:

  • Support level markers
  • Resistance level markers
  • Fractal-based structural visualization

Signal density may vary depending on volatility and selected fractal sensitivity settings.

Compatibility

Supported Markets:

  • Forex
  • Precious metals
  • Cryptocurrency
  • Indices

Supported Timeframes:

  • All MetaTrader timeframes

The indicator is designed for lightweight chart operation.

Operational Notes

General Recommendations:

  • Test sensitivity settings according to instrument volatility
  • Use additional confirmation methods where appropriate
  • Adjust fractal parameters depending on timeframe selection

The indicator is intended as a structural analysis tool and does not generate direct trade execution signals.

Indicator behavior may vary depending on market conditions and parameter configuration.

Conclusion

SRline is a fractal-based support and resistance indicator designed for:

  • Market structure visualization
  • Fractal level detection
  • Support and resistance analysis
  • Technical chart observation

The indicator provides automated structural level identification for traders using price-based technical analysis workflows.

Suggested Tags

Support Resistance, Fractal Indicator, Price Action, MT4 Indicator, Market Structure, Technical Analysis, Breakout Trading, Swing Trading, Scalping, Forex Indicator

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Indicateurs
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Oleg Rodin
5 (5)
Indicateurs
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Indicateurs
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Indicateurs
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Indicateurs
Actuellement 30% de réduction ! Ce tableau de bord est un logiciel très puissant qui fonctionne sur plusieurs symboles et jusqu'à 9 horizons temporels. Il est basé sur notre indicateur principal (Best reviews : Advanced Supply Demand ).   Le tableau de bord donne une excellente vue d'ensemble. Il montre :  Les valeurs d'offre et de demande filtrées, y compris l'évaluation de la force de la zone, Les distances en pips vers/et dans les zones, Il met en évidence les zones imbriquées, Il donne 4
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Indicateurs
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