Ultimate Support and Resistance
- Indicatori
-
Hlomohang John Borotho
Quantitative intraday trading strategies
· MQL5 Expert Advisor development ·
Python + AI automation for MetaTrader 5.
Built by a developer who actually trades. - Versione: 1.0
- Attivazioni: 20
ULTIMATE SUPPORT AND RESISTANCE (MT5)
Multi-timeframe support and resistance zones, a clear dashboard, and a reaction-based entry signal with entry, stop loss and take profit drawn for you.
WHAT IT DOES
- Builds support and resistance zones from H4, H1, M30 and M15 swing structure and merges overlapping zones into one. Each zone is labelled with the timeframes that agree on it (for example "S H4+H1+M30").
- Zone width adapts to volatility, so zones stay proportional on any symbol.
- Broken zones are removed automatically. Only zones that are still holding are shown.
- Works on any chart timeframe. All zone timeframes are read in the background.
THE DASHBOARD
- Final Support Score and Final Resistance Score (0-100)
- Multi-timeframe agreement, e.g. "70% RESISTANCE"
- Conflict warning when timeframes disagree, e.g. "HTF SUP / LTF RES"
- Nearest support and resistance with distance in price and in ATR
- Current status: in a zone or between zones
- Open signal, the price that would trigger the next one, last result and a running record
THE SIGNAL
A signal is not given when price simply touches a zone. The indicator waits for price to prove the zone is reacting:
- Price touches a support or resistance zone.
- Within the next 2 hours (8 M15 bars), an M5 candle closes at least 1 ATR away from the zone.
- A BUY (from support) or SELL (from resistance) arrow is printed, with an entry line, a stop loss beyond the zone and a 2R take profit. Signals are calculated on closed candles only and do not repaint.
ONE SIGNAL AT A TIME
To avoid conflicting signals, you choose what happens when a new signal appears while one is still open:
- Hold (default): keep the open signal until its SL or TP; new signals are skipped.
- Reverse: an opposite signal closes the open one and takes over. The dashboard tells you exactly what to do, e.g. "CLOSE BUY +0.45R -> SELL".
- Allow all: show every signal.
When a signal hits its SL or TP, its lines are removed from the chart to keep it clean.
HOW TO USE
- Attach the indicator to any symbol of your choice (M5 to H1 recommended).
- Read the dashboard. Prefer trades in the direction of MTF agreement and treat a CONFLICT warning as a reason to be careful.
- When a zone is touched, the dashboard shows "WATCHING BUY/SELL" and the exact trigger price.
- When the arrow appears, use the drawn entry, SL and TP lines.
- Use "Show Signals" to show or hide open signals and "Previous Signals" to review closed ones with their results.
HOW IT HELPS YOU PICK BETTER TRADES
- No blind entries at a level: price must react before a signal is given.
- Every trade has a defined stop beyond the zone and a fixed reward:risk.
- Multi-timeframe agreement and conflict show when higher and lower timeframes are working against each other.
- One-signal policy removes the "which trade do I follow?" confusion.
The scores describe zone strength. They are not probabilities and do not guarantee that a zone will hold.
Test on a demo account before trading live.
Risk warning: trading involves risk. This indicator does not guarantee profits, and past results do not guarantee future performance.
