Support Resistance Catcher

Support Resistance Catcher Indicator Features and Explanation

Overview:
The Support Resistance Catcher is a custom MT5 indicator designed to identify and visualize supply (resistance) and demand (support) zones based on candlestick price action. It detects zones where price has reversed after rallies or drops, using wick rejections and clustering. The indicator draws horizontal rectangles for active and historical zones, with customizable colors, labels, and alerts.

Key Features:

1. Zone Detection:
   - Identifies supply zones (resistance) from upper wick rejections at local highs
   - Identifies demand zones (support) from lower wick rejections at local lows
   - Uses configurable lookback period (PivotPeriod) for local max/min detection
   - Clusters zones with minimum distance control (Overlook)
   - Adjusts zone width based on Sensitivity parameter

2. Zone Management:
   - Limits active zones to NumberOfZones (default 3)
   - Displays up to HistoricalZones (default 100) historical zones
   - Zones persist until broken through by price
   - Historical zones shown with dashed style

3. Visual Elements:
   - Supply zones: Tomato-colored rectangles (configurable)
   - Demand zones: YellowGreen-colored rectangles (configurable)
   - Optional fill with 30-40% opacity
   - Labels showing "Resistance" or "Support"
   - Optional arrows pointing to new zones
   - Historical zones drawn thinner/dashed

4. Alerts:
   - Popup alerts when price approaches zones within Alert_Pip_Distance
   - Prevents spam with 60-second cooldown
   - Compatible with sound/email/push (uses standard Alert() function)

5. Performance Optimizations:
   - Processes only BarsToCalculate (default 3000) recent bars
   - Incremental calculations to avoid lag
   - Efficient looping and caching
   - No repainting after candle close

6. Testing Mode:
   - Fully compatible with Strategy Tester visual mode
   - Draws historical zones accurately during backtesting

Inputs:

- Leverage: Account leverage (included but not actively used, default 100)
- NumberOfZones: Maximum active zones displayed (default 3)
- HistoricalZones: Maximum historical zones displayed (default 100)
- BarsToCalculate: Number of bars to process (default 3000)
- PivotPeriod: Lookback for local highs/lows (default 20)
- Overlook: Minimum bars between zones (default 10)
- SupportResistanceStrength: Reserved for future strength filtering (default 10)
- Sensitivity: Zone width adjustment (0.8 = wider zones, lower = wider)
- Show_Arrows: Enable arrows for new zones (default false)
- Color_of_Supply: Color for supply zones (default clrTomato)
- Color_of_Demand: Color for demand zones (default clrYellowGreen)
- Fill_Zones: Enable rectangle fill (default false)
- Show_Distance_from_Levels: Reserved for distance display (default false)
- Alert_Allowed: Enable alerts (default false)
- Alert_Pip_Distance: Pip distance for alerts (default 1)

How to Use:
1. Attach to any timeframe chart (tested on EURUSD H4)
2. Adjust inputs for your preferences
3. Observe rectangle zones on chart
4. Use as support/resistance levels for trading decisions
5. Enable alerts for notifications near zones
6. Historical zones provide context for zone strength

Compatibility:
- MetaTrader 5 only
- Works on any symbol and timeframe
- Optimized for real-time and backtesting use

Note: Zones are detected on closed bars only, ensuring no repainting.
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+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ +++ Link to EURUSD Only Free Version -->  https://www.mql5.com/en/market/product/156904?source=Unknown +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Hallo Trader, This is a traditional GANN & FIBONACCI strategy based on detection of an impulsive move in the opposite direction. This is called a Breakout. At the moment of Breakout, the indicator draw
Jita Indicator Pro MT5 | All Timeframes Professional Trend Agreement System – Premium Edition ($500) What Is Jita Indicator Pro? Jita Indicator Pro is a structured trend-confirmation system designed for serious traders who value precision, alignment, and controlled signal behavior. It combines: Advanced band-based trend direction logic ATR-driven structural trigger engine Dual-confirmation agreement system Locked history update design This indicator prints signals only when multiple conditions
Hunter Spike
Jaime Humberto Gomez Arias
Hunter Spike This indicator consists of two regression channels calibrated with the current movement of the synthetic index algorithm, for any Deriv or Weltrade broker. Each channel has a signal, a target that alerts us when the price touches them, indicating buys on booms or gains and sells on crashes or pains. -configuration for booms or gains: Channel zone 1 (30) Channel zone 2 (0) -configuration for crashes or pains: Channel zone 1 (100) Channel zone 2 (70) Zones freely configurable by
VTrende Pro
Andrii Diachenko
5 (1)
VTrende Pro - MTF indicator for trend trading with a display panel for MT5 *** Videos can be translated into any language using subtitles (video language - Russian) Although the signals of the VTrende Pro indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. VTrende Pro is an extended version of the VTrende indicator. Difference between Pro version and VTrende: - Time zones - Signal V - signal 1-2 waves -    S
Recommended TimeFrame >= H1. 100% Non Repainted at any moment.  Use it carefully, only with Trend Direction. Trading Usage: 2 Variants: as Range System or as BreakOut System (Both Only With Trend Direction)::: (Always use StopLoss for minimise Risk); [1] as Range System: (Recommended) in UP TREND:  - BUY in Blue Line , then if price goes down by 50 points (on H1) open Second BUY.   Close in any Profit you wish: TrailingStop(45 points) or Close when Price touches upper Gold Line. in DOWN TREND
FXLAND Smart Reversal Indicator (MT5) FXLAND Smart Reversal Indicator is a professional technical analysis tool designed to help traders identify potential price reversal zones and key market turning points with clarity and precision. The best reversal indicator and price return by choosing only one ceiling or floor in each time frame A masterpiece of combining mathematics and Gann, fractal matrix, Fibonacci, movement angle and time. Completely intelligent Key Features Detects potenti
This is an advanced indicator used with success rate.Unlock the secrets of trading Boom and Crash spikes with our powerful MT5 indicator! This spike detection tool provides accurate buy and sell signals, trade alerts, and High success rate entries. Perfect for scalping, day trading, and swing trading. Get the best Boom and Crash strategy with our Deriv Boom and Crash spike indicator. Indicator does not redraw or repaint. Recommendation · Use a Virtual Private Server (VPS) for 24/7 alerts on mob
Pantera Indicator
Temirlan Kdyrkhan
5 (1)
A tool for on-chart strategy backtesting and performance analysis. A utility for developing, debugging, and testing custom trading ideas and indicator functions. An indicator designed to quickly test trading concepts and visualize the effectiveness of different input parameters. An all-in-one sandbox for testing everything from simple crossovers to complex, multi-condition trading systems.
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Thanh Tuyen Hoang
70
Thanh Tuyen Hoang 2025.09.29 01:17 
 

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