Support and Resistance Hunter MT4
- Indicatori
- Versione: 1.0
- Attivazioni: 5
Support & Resistance Hunter MT4 automatically builds key support and resistance zones based on the Parabolic SAR. The indicator detects breakouts, flips (role reversal of a level), and locks frozen zones after a double breakout.
Suitable for chart analysis on any timeframe and instrument.
🔧 Settings
░ General ░
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LookbackBars (0) — number of bars to analyze. 0 = full history.
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MaxZones (0) — maximum number of zones to display. 0 = all zones.
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ExtendBars (0) — number of bars to extend the zone to the right.
░ Zone Build ░
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ZoneBuildMode (0) — zone construction method:
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0 = by High/Low of candles;
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1 = by candle bodies (Open/Close) with BodyPaddingPts applied;
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2 = combined method (different for support and resistance).
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BodyPaddingPts (0) — additional padding (in points) applied to candle body boundaries.
░ Break Logic ░
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BreakByClose (true) — consider breakout only by candle close ( true ), or allow wicks ( false ).
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BreakTolerancePts (100) — tolerance (in points) when determining a breakout.
░ Colors & Drawing ░
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ColorSupport (MediumSeaGreen) — support zone color.
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ColorResistance (Tomato) — resistance zone color.
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ColorFlipSupport (PaleGreen) — flipped support color.
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ColorFlipResistance (Pink) — flipped resistance color.
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ColorFrozen (Gainsboro) — frozen zone color.
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TextColor (Black) — label text color.
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ZoneLineWidth (1) — zone border line width.
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DrawBack (true) — draw zones in the background (so they don’t cover candles).
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ShowLabels (true) — display zone labels (“Support”, “Resistance”, “Frozen”).
📊 How it works
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The indicator finds areas where Parabolic SAR values coincide.
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Based on these candles, a support or resistance zone is built.
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If the price breaks through the zone — it changes status (“flip”).
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On the second breakout, the zone becomes “frozen” and stops extending.
✅ Advantages
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Automatic detection of key levels.
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Includes “flip-zones” (role reversal of support/resistance).
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Clear visualization with colors for each zone state.
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Flexible breakout logic settings.
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Lightweight and fast, does not overload the terminal.
⚠️ Disclaimer
The Support & Resistance Hunter MT4 indicator is not an Expert Advisor and does not open trades automatically.
It is designed solely for technical analysis and visualization of support/resistance zones.
All trading decisions are made by the user at their own discretion. The author is not responsible for any potential losses related to the use of this indicator.
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