Support Resistance Dynamic

The "Support Resistance Dynamic" indicator is a powerful technical analysis tool for the MetaTrader 5 platform, designed to automatically identify and plot dynamic Support and Resistance zones on price charts. This indicator helps traders easily recognize important price levels, potential reversal points, or breakout areas, thereby enabling more informed trading decisions.

2. Key Features

  • Dynamic S/R Identification: Automatically identifies support and resistance zones based on an advanced Pivot Points algorithm.
  • Flexible Customization: Allows users to adjust Pivot period, data source, and S/R channel width to suit various trading strategies.
  • Smart S/R Filtering: Displays only the strongest and most relevant S/R levels, avoiding chart clutter.
  • Intuitive Visualization: S/R lines are clearly plotted with labels showing price and percentage deviation from the current price.
  • S/R Breakout Alerts: Provides instant alerts when the price breaks a significant support or resistance level.
  • Breakout Confirmation: Option to add a breakout confirmation condition (e.g., number of consecutive closes) to filter out false signals.
  • S/R Dashboard: A small summary panel on the chart displaying current S/R levels, their strength, and distance from the price.

3. Installation

  1. Download File: Download the SupportResistanceV2.mq5 indicator file.
  2. Open MT5 Data Folder: Open MetaTrader 5, go to the File menu -> select Open Data Folder .
  3. Access Indicators Folder: In the opened data folder, navigate to MQL5 -> Indicators .
  4. Paste Indicator File: Paste the SupportResistanceV2.mq5 file into this Indicators folder. (If you have created a symbolic link, ensure it points correctly to this file).
  5. Refresh MetaTrader 5: Close and reopen MetaTrader 5, or right-click on Indicators in the Navigator window (Ctrl+N) and select Refresh .
  6. Add Indicator to Chart: Drag the "Support Resistance Dynamic" indicator from the Navigator window onto your trading chart.

4. How to Use

After adding the indicator to the chart, the settings window will appear. Below is a detailed explanation of the input parameters:

4.1. Input Parameters

  • Setup:
    • Pivot Period (prd) : The period for identifying Pivot High and Pivot Low points. A larger value results in fewer but stronger Pivots. (Default: 10, Range: 4-30).
    • Source (ppsrc) : The data source for Pivot calculation.
      • High/Low : Uses the highest (High) and lowest (Low) prices of the candle.
      • Close/Open : Uses the closing (Close) and opening (Open) prices of the candle.
    • Maximum Number of Pivot (maxnumpp) : The maximum number of Pivot points the indicator will store for S/R zone calculation. (Default: 20, Range: 5-100).
    • Maximum Channel Width % (ChannelW) : The maximum width of an S/R zone, calculated as a percentage of the recent price range. Pivot points within this range will be grouped into a single S/R zone. (Default: 10, Minimum: 1).
    • Maximum Number of S/R (maxnumsr) : The maximum number of strongest S/R zones to be displayed on the chart. (Default: 5, Range: 1-10).
    • Minimum Strength (min_strength) : The minimum strength of an S/R zone to be displayed. Strength is determined by the number of Pivot points forming that zone. (Default: 2, Range: 1-10).
  • Colors:
    • Label Location (labelloc) : The position of the S/R price label relative to the current candle (positive numbers for future bars, negative for historical bars). (Default: 20).
    • Line Style (line_style_input) : The line style for S/R levels (Solid, Dash, Dot).
    • Line Width (linewidth) : The thickness of the S/R lines. (Default: 2, Range: 1-4).
    • Resistance Color (resistancecolor) : The color for resistance lines (default: Red).
    • Support Color (supportcolor) : The color for support lines (default: Lime Green).
    • Show Point Points (showpp) : Toggle display of Pivot High/Low points on the chart.
  • Breakout Confirmation Inputs:
    • Enable breakout confirmation (confirm_breakout) : Enable/disable the breakout confirmation feature. When enabled, breakout alerts will only trigger when the confirmation condition is met. (Default: True).
    • Number of consecutive closes for confirmation (confirmation_bars) : The number of consecutive candle closes above/below the S/R level required to confirm a breakout signal. (Default: 2).
  • Dashboard Inputs:
    • Show Dashboard (show_dashboard) : Toggle display of the S/R dashboard on the chart. (Default: True).
    • Dashboard Corner (dashboard_corner) : The corner of the chart where the dashboard will be displayed.
    • Dashboard Background Color (dashboard_bgcolor) : The background color of the dashboard.
    • Dashboard Text Color (dashboard_textcolor) : The text color of the dashboard.
    • Dashboard X Offset (dashboard_x_offset) : Horizontal offset from the chart corner to the dashboard.
    • Dashboard Y Offset (dashboard_y_offset) : Vertical offset from the chart corner to the dashboard.

4.2. How to Read the Indicator on the Chart

  • S/R Lines:
    • Red horizontal lines represent Resistance levels, located above the current price.
    • Green horizontal lines represent Support levels, located below the current price.
  • Price Labels: Each S/R line has a label showing its price level and the percentage deviation from the current closing price.
  • Pivot Points (if showpp is enabled): Small "H" (High) and "L" (Low) letters on the chart mark the Pivot points.
  • S/R Dashboard (if show_dashboard is enabled):
    • Displays a list of current S/R levels.
    • R# : Resistance level.
    • S# : Support level.
    • Price : The price level of the S/R.
    • (%): Percentage deviation from the current price.
    • [Strength] : The number of Pivot points forming that S/R zone. Higher strength indicates a more reliable S/R zone.

4.3. Alerts

The indicator can send alerts when the price breaks support or resistance levels.

  • Setting up Alerts: To receive alerts, you need to enable notifications in MetaTrader 5 (Tools -> Options -> Notifications).
  • Alert Types:
    • "Resistance Broken": Price breaks a resistance level.
    • "Support Broken": Price breaks a support level.
    • If confirm_breakout is enabled, the alert message will include "(Confirmed)" to indicate that the confirmation condition has been met.

5. Trading Application

The "Support Resistance - Dynamic" indicator can be applied in various trading strategies:

  • Trend Identification: In an uptrend, price often respects support levels. In a downtrend, price often respects resistance levels. Breaking these levels can signal a trend change.
  • Entry/Exit Points:
    • Range Trading: Buy near support levels and sell near resistance levels when the price is moving within a defined range.
    • Breakout Trading: Buy when the price breaks resistance upwards or sell when the price breaks support downwards. Use the confirm_breakout feature to filter out false breakout signals.
  • Risk Management: Set Stop Loss orders appropriately. For example, place a Stop Loss just below a support level when buying, or just above a resistance level when selling.
  • Combine with Other Tools: To increase signal reliability, it is recommended to combine this S/R indicator with other technical analysis tools such as Volume, oscillators (RSI, Stochastic), or candlestick patterns.

6. Important Notes

  • No Indicator is Perfect: The "Support Resistance - Dynamic" indicator is a powerful support tool, but it does not guarantee profits. The market always carries risks.
  • Test on Demo Account: Always recommended to test the indicator on a demo account to familiarize yourself with its operation and adjust parameters to suit your trading style before applying it to live trading.
  • Market Conditions: The effectiveness of the indicator may vary depending on market conditions (trending or ranging).
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Présentation de   Quantum TrendPulse   , l'outil de trading ultime qui combine la puissance de   SuperTrend   ,   RSI   et   Stochastic   dans un seul indicateur complet pour maximiser votre potentiel de trading. Conçu pour les traders qui recherchent précision et efficacité, cet indicateur vous aide à identifier les tendances du marché, les changements de dynamique et les points d'entrée et de sortie optimaux en toute confiance. Caractéristiques principales : Intégration SuperTrend :   suivez f
Smart Trend Trading System MT5
Issam Kassas
4.62 (39)
Indicateurs
Tout d'abord, il convient de souligner que ce système de trading est un indicateur non repeint, non redessiné et non retardé, ce qui le rend idéal pour le trading manuel et automatisé. Cours en ligne, manuel et téléchargement de préréglages. Le "Système de Trading Smart Trend MT5" est une solution de trading complète conçue pour les traders débutants et expérimentés. Il combine plus de 10 indicateurs premium et propose plus de 7 stratégies de trading robustes, ce qui en fait un choix polyvalent
Support and Resistance Screener Pro MT5
STE S.S.COMPANY
4.81 (21)
Indicateurs
Support And Resistance Screener est dans un indicateur de niveau pour MetaTrader qui fournit plusieurs outils à l'intérieur d'un indicateur. Les outils disponibles sont : 1. Filtre de structure de marché. 2. Zone de repli haussier. 3. Zone de recul baissier. 4. Points pivots quotidiens 5. points pivots hebdomadaires 6. Points pivots mensuels 7. Support et résistance forts basés sur le modèle harmonique et le volume. 8. Zones au niveau de la banque. OFFRE D'UNE DURÉE LIMITÉE : L'indicateur de sup
FX Volume MT5
Daniel Stein
4.84 (19)
Indicateurs
FX Volume : Découvrez le Sentiment du Marché tel que perçu par un Courtier Présentation Rapide Vous souhaitez faire passer votre approche de trading au niveau supérieur ? FX Volume vous fournit, en temps réel, des informations sur la manière dont les traders particuliers et les courtiers sont positionnés—bien avant la publication de rapports retardés comme le COT. Que vous visiez des gains réguliers ou recherchiez simplement un avantage plus solide sur les marchés, FX Volume vous aide à repére
Trend Line Map Pro MT5
STE S.S.COMPANY
4.09 (11)
Indicateurs
Trend Line Map indicator is an addons for   Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator,   the Trend Line Map Pro will not work.     LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indicat
TPSpro RFI Levels MT5
Roman Podpora
4.55 (20)
Indicateurs
Zones de retournement - niveaux / Zones actives d'un acteur majeur INSTRUCTIONS RUS   /   INSTRUCTIONS   ENG   /   Version MT4 CHAQUE ACHETEUR DE CET INDICATEUR       OBTENEZ EN PLUS   GRATUITEMENT   : 3 mois       accès aux signaux de trading du service       SUPER SIGNAUX       — points d’entrée prêts à l’emploi selon l’algorithme TPSproSYSTEM. 3 mois       accès à des supports de formation avec des mises à jour régulières - immersion dans la stratégie et la croissance professionnelle. Assist
Integrated Dashboard Scanner
Krzysztof Janusz Stankiewic
Indicateurs
Integrated Dashboard Scanner – Your Market Command Center (v2.0) Short Description: Stop wasting time manually switching between dozens of charts. The   Integrated Dashboard Scanner   is a powerful multi-symbol, multi-timeframe scanner that keeps an eye on every instrument you select from a single panel.   Following a major architectural overhaul, version 2.0 is faster, more stable, and more powerful than ever.   Receive instant visual alerts for price patterns, divergences, and trend signals,
TPSproTREND PrO MT5
Roman Podpora
4.72 (18)
Indicateurs
VERSION MT4        —        ИНСТРУКЦИЯ RUS           —        INSTRUCTIONS  ENG Fonctions principales : Signaux d'entrée précis SANS RENDU ! Si un signal apparaît, il reste d’actualité ! Il s'agit d'une différence importante par rapport aux indicateurs de redessinage, qui peuvent fournir un signal puis le modifier, ce qui peut entraîner une perte de fonds en dépôt. Vous pouvez désormais entrer sur le marché avec plus de probabilité et de précision. Il existe également une fonction de coloration
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Young Ho Seo
5 (4)
Indicateurs
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
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Duc Hoan Nguyen
5 (1)
Indicateurs
Offre spéciale : ALL TOOLS , seulement 35 $ chacun ! Nouveaux outils   à   30 $   pendant la   première semaine   ou pour   les 3 premiers achats  !  Chaîne Trading Tools sur MQL5  : rejoignez ma chaîne MQL5 pour recevoir mes dernières actualités Cet indicateur trace des zones de détection de rupture, appelées “Smart Breakout Channels”, basées sur un mouvement des prix normalisé par la volatilité. Ces zones sont affichées sous forme de boîtes dynamiques avec superpositions de volume. L’outil dé
Custom Signal Scanner MT5
Satya Prakash Mishra
Indicateurs
Custom Indictor Signal Scanner for scan your own any custom indicator and template its one click you can open your desire signals(given time frame alert). Also can open same template with particular input indicator just type name of template your created with given indicator and enjoy all time frame scan with your logical signals  input string s2 = "====== Embedded Indicator Settings ======"; input UseEmbeddedIndicator = false; // Use embedded indicator instead of external file ( don't use its n
ARIPoint
Temirlan Kdyrkhan
Indicateurs
ARIPoint is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or email Cu
Gold Entry Sniper
Tahir Mehmood
5 (1)
Indicateurs
Gold Entry Sniper – Tableau de Bord ATR Multi-Unités de Temps pour Scalping et Swing Trading sur l'Or Gold Entry Sniper est un indicateur avancé pour MetaTrader 5 qui fournit des signaux d'achat/vente précis sur XAUUSD et autres actifs, basé sur la logique de Trailing Stop ATR et l' analyse multi-unités de temps . Caractéristiques et Avantages Clés Analyse Multi-Unités de Temps – Affiche les tendances en M1, M5, M15 sur un seul tableau. Trailing Stop Basé sur l'ATR – Ajuste automatiquement selon
Trend Hunter MT5
Andrey Tatarinov
5 (3)
Indicateurs
Trend Hunter est un indicateur de tendance pour travailler sur les marchés du Forex, des cryptomonnaies et des CFD. Une particularité de l'indicateur est qu'il suit la tendance avec confiance, sans changer le signal lorsque le prix dépasse légèrement la ligne de tendance. L'indicateur n'est pas redessiné; un signal d'entrée sur le marché apparaît après la fermeture de la barre. Lorsque vous suivez une tendance, l'indicateur affiche des points d'entrée supplémentaires dans la direction de la te
M1 Scalper Pro MT5
Elif Kaya
4.86 (7)
Indicateurs
- Real price is 80$ - 45% Discount (It is 45$ now) Contact me for instruction, any questions! - Lifetime update free - Non-repaint - I just sell my products in Elif Kaya Profile, any other websites are stolen old versions, So no any new updates or support. Advantages of  M1 Scalper Pro  Profitability: M1 Scalper Pro is highly profitable with a strict exit strategy. Frequent Opportunities: M1 Scalper Pro  takes advantage of numerous small price changes. Minimal Market Risk: Limited exposure redu
Trendlines with Breaks Scanner MT5
Duc Hoan Nguyen
5 (3)
Indicateurs
Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Trendlines with Breaks Scanner est un outil de trading de pointe conçu pour aider les traders à identifier les tendances critiques et à détecter les cassures en temps réel. Grâce à des lignes de tendance générées automatiquement basées sur des points pivots, cet indicateur permet aux tra
AriX
Temirlan Kdyrkhan
1 (2)
Indicateurs
AriX Indicator for MT5 A powerful trend-following and signal-evaluation tool AriX is a custom MT5 indicator that combines Moving Averages and ATR-based risk/reward logic to generate clear buy/sell signals. It visualizes dynamic SL/TP levels, evaluates past trade outcomes, and displays win/loss statistics in a clean on-chart panel. Key features include: Buy/Sell signals based on MA crossovers ATR-based SL/TP1/TP2/TP3 levels with visual lines and labels Signal outcome tracking with real-time stat
RSI Shift Zone MT5 Scanner
Duc Hoan Nguyen
Indicateurs
Offre spéciale : ALL TOOLS , seulement $35 chacun ! Nouveaux outils   à   $30   durant la   première semaine   ou les   3 premiers achats !  Trading Tools Channel on MQL5 : rejoignez-le pour recevoir les dernières actualités RSI Shift Zone Scanner identifie les moments où le sentiment de marché peut changer en reliant les signaux RSI à l’action des prix. Chaque fois que le RSI dépasse les niveaux prédéfinis (70 par défaut pour surachat, 30 pour survente), l’indicateur trace un canal sur le grap
MTF Supply Demand Zones MT5
Georgios Kalomoiropoulos
5 (1)
Indicateurs
Nouvelle génération de zones d'approvisionnement et de demande automatisées. Algorithme nouveau et innovant qui fonctionne sur n'importe quel graphique. Toutes les zones sont créées dynamiquement en fonction de l'action des prix du marché. DEUX TYPES D'ALERTES --> 1) QUAND LE PRIX ATTEINT UNE ZONE 2) QUAND UNE NOUVELLE ZONE SE FORME Vous n'obtenez pas un indicateur inutile de plus. Vous obtenez une stratégie de trading complète avec des résultats prouvés.     Nouvelles fonctionnalités:   
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Quang Huy Quach
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5 (1)
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Quang Huy Quach
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5 (1)
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5 (1)
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5 (1)
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Quang Huy Quach
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Quang Huy Quach
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Quang Huy Quach
5 (1)
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MultiFrame MA: A Multi-Timeframe Trend Indicator MultiFrame MA is a trend analysis indicator designed to provide a comprehensive market overview across various timeframes. Instead of relying on a single timeframe, this tool synthesizes information from multiple charts, giving users a holistic and reliable perspective. KEY FEATURES: Multi-Timeframe Analysis: The indicator analyzes data from various timeframes, from M1 up to Monthly, to help users identify trend confluence at different levels. MA
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Quang Huy Quach
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The WaveTrend Oscillator indicator is an enhanced version of the classic WaveTrend Oscillator, a momentum indicator. It is designed to identify overbought/oversold conditions and provide potential trend reversal signals. The core difference in this version is the application of a data "normalization" algorithm. This ensures the indicator's oscillation lines remain balanced around the zero line, causing the indicator window to always stay naturally centered. This is especially useful when trading
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Quang Huy Quach
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This indicator is a trading strategy designed to find high-probability entry points by combining two very popular indicators: Bollinger Bands (BB) and the Relative Strength Index (RSI) . The core idea is "dual confirmation" : a trade signal is only considered valid when both indicators agree. This helps filter out many of the false signals that occur when using just a single indicator, thereby increasing the reliability of each entry. Bollinger Bands are used to identify relative price value zon
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Quang Huy Quach
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MultiFrame Volume Trend (MFVI) is a powerful VWAP-based indicator that displays volume trends across multiple timeframes in a clean, easy-to-read dashboard directly on your chart. Instantly capture the overall market direction in just seconds. Features Multi-timeframe VWAP analysis from M1 to MN1. Dashboard panel shows the trend state of each timeframe at a glance. Plots VWAP line and buy/sell arrows directly on the chart. Fully customizable: colors, line width, panel position, arrow symbols. Bu
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The EMA Navigator Pro
Quang Huy Quach
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The EMA Navigator Pro is an advanced version of the popular EMA indicator, designed to provide superior flexibility and multi-timeframe analysis capabilities. This indicator not only displays EMA lines but also offers a powerful alert system to ensure you never miss a crucial signal. Key Features: Multi-Timeframe Support: You can assign a separate timeframe to each individual EMA line, allowing you to analyze long-term (e.g., D1) and short-term (e.g., H1) trends on the same chart. Automatic Cro
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Quang Huy Quach
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