Support Resistance Channels advanced

Features

• Automatic level detection: identifies pivot highs and lows and ranks the strongest current levels.
• Zone-based levels: shows support and resistance as channels, not thin lines, matching how price actually reacts.
• Cleaner reading: focuses on the most significant levels instead of cluttering the chart.
• Works on any symbol and timeframe.

Inputs

• Pivot Period: bars used to detect pivots.
• Channel Width: zone thickness, typically as a percent of recent range or ATR.
• Max S/R Count: how many of the strongest zones to display.
• Color and style options.

Outputs

• Shaded support and resistance channels on the price chart, drawn around the strongest pivot levels.

Alerts

Optional alerts can be sent as a screen popup, sound, push notification and email when price enters or breaks a zone.

Limitations

Levels are reaction areas, not exact prices, and a level holds only until it is decisively broken. Use zone reactions with your own entry method and place stops on the far side of the zone.

Full guide with all parameters: see the Comments section.

Group support: https://www.mql5.com/en/channels/vuongphamtrading