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PZ Support Resistance MT5

4

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.

Support and questions

Use the helpdesk for questions or timely support. Write an email to: help@pointzero-trading.com

Author

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


Avis 6
Taffylola
313
Taffylola 2019.07.23 05:12 
 

Easy to use and accurate product love it. Great support. Highly recommend

hemmanuel
139
hemmanuel 2015.04.06 23:31 
 

Fantastic indicator.

Giovanni Pascoli
1697
Giovanni Pascoli 2014.04.08 18:40 
 

It is an Excellent indicator.

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Angelo Capoferri
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Vahidreza Heidar Gholami
5 (2)
Indicateurs
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Kaijun Wang
5 (2)
Indicateurs
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The Anh Pham
5 (1)
Indicateurs
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Andrii Diachenko
5 (1)
Indicateurs
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Petr Zharuk
5 (2)
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PZ TRADING SLU
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PZ TRADING SLU
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PZ TRADING SLU
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This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find early reversals Confirm short-term trades Detect indecision on the market Take contrarian trades near support and resistance levels Trade inside bars confirmed by overall direction of the market T
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Filtrer:
Andres.Morelo
129
Andres.Morelo 2022.07.17 15:28 
 

Worst indicator I've ever tried

PZ TRADING SLU
757497
Réponse du développeur Arturo Lopez Perez 2022.08.28 13:46
Thanks for your review.
3015369
144
3015369 2021.01.16 15:45 
 

L'utilisateur n'a laissé aucun commentaire sur la note

PZ TRADING SLU
757497
Réponse du développeur Arturo Lopez Perez 2021.05.08 17:36
I have updated the indicator today. I hope this version earns a better judgement. Thanks.
loveday iyalla
181
loveday iyalla 2020.07.26 15:53 
 

One of my favorite tool. I recommend .

Taffylola
313
Taffylola 2019.07.23 05:12 
 

Easy to use and accurate product love it. Great support. Highly recommend

hemmanuel
139
hemmanuel 2015.04.06 23:31 
 

Fantastic indicator.

Giovanni Pascoli
1697
Giovanni Pascoli 2014.04.08 18:40 
 

It is an Excellent indicator.

Répondre à l'avis
Version 6.7 2022.01.31
- Recompiled
Version 6.6 2021.07.11
- Bug fix in alert inputs
Version 6.5 2021.05.08
- Improved level detection
- Improved grouping by atr
- Improved inputs
Version 4.2 2020.10.21
Recompiled