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PZ Support Resistance

3.33

Unlock key market insights with automated support and resistance lines

Special Offer: Purchase now to receive free bonuses worth $75! (Read more for details)

Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Boost your technical analysis
  • Customizable timeframe selection
  • Read price levels from the timeframe of your choosing
  • Detect important price levels without browsing through charts
  • Recognize the relative strength of all price levels at a glance
  • Save up to half an hour of plotting lines for every trade
  • The indicator displays the age of all price levels

Price levels are collapsed by proximity and adjusted to the current market action.

  • Price levels get darker and wider as they get rejected over time
  • Unimportant price levels are cleared regularly to avoid noise
  • It implements email/sound/push alerts for breakouts and false breakouts

Input Parameters

  • Timeframe: Choose the period to read price data from. Can be current or higher.
  • Period: Zigzag period used to read price points from. Zero means the indicator will choose the best period.
  • ATR Period: ATR period used to collapse prices by proximity.
  • ATR Multiplier: ATR multiplier used to collapse prices by proximity. A higher value will produce less lines.
  • Max History Bars: Amount of past bars to iterate in the indicator finding prices.
  • Color Settings: Enter your desired colors for support and resistance lines based on importance.
  • Label Settings: Display or hide age labels and customise colors and sizes.
  • Alerts: Enable display/email/push/sound alerts for breakouts and fake breakouts.


Buy today and unlock exclusive bonuses!

    Purchase this indicator now and receive the following bonuses (total value: $89):
    • PZ Supply Demand Indicator (worth $75)

    To claim these bonuses, simply send me a private message. I will provide the bonuses to actual buyers of the indicator. To ensure it is you, please leave a review for the product first, or alternatively, provide the mql5 operation number of your purchase. I'll get back to you with your bonuses as soon as possible.

    The price of this indicator might increase next week!

    We've introduced dynamic pricing for this indicator to reflect its true market value. With each sale, the price increases by $1, rewarding early buyers. If no sales occur within a week, the price resets to the original rate, with prices updated every Monday. This model lets the market decide the product's value, but there’s always a chance to grab your desired tools at a cheaper price if you prefer to wait.


    Author

    Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

    리뷰 4
    alisabar
    444
    alisabar 2016.05.24 13:36 
     

    At D1 it works quite well.

    gmackinnon
    141
    gmackinnon 2015.08.25 19:06 
     

    Very useful indicator.

    Works well if you follow the instructions on the website.

    Monthly levels and higher are very clear support resistance areas.

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    Kirill Borovskii
    지표
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    Phillimon Shumbusho
    지표
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    ROBERT URBANSKI
    4.83 (23)
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    Sukunthakan Ngernbamrung
    지표
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    Nicola Capatti
    지표
    Ultimate Index Advisor는 시장 움직임을 정확하게 분석하고 거래 기회를 동적으로 식별하도록 설계된 고급 도구입니다. 이 지표는 트렌드, 조정 및 반전을 최적화한 전략 조합을 기반으로 신호를 제공하여 다양한 거래 스타일에 적합합니다. 직관적인 인터페이스를 갖춘 Ultimate Index Advisor는 차트에서 보이는 화살표로 명확한 진입 및 이탈 지점을 강조하여 거래 결정에서 모호함을 제거합니다. 고급 기술 분석 전략을 활용하여 이 도구는 모든 시간대에 적합하며, 단기 또는 장기 거래를 선호하는 트레이더에게 유연성을 제공합니다. 주요 기능: 트렌드 및 반전의 자동 식별. 명확하고 읽기 쉬운 시각적 신호. 다양한 금융 시장 및 시간대에 적합. 사용자 거래 전략에 맞게 설정 가능. Ultimate Index Advisor가 명확한 신호와 고급 분석으로 거래 결정을 어떻게 지원하는지 직접 확인해보세요.
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    Paulo Rocha
    5 (4)
    지표
    Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra
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    Alfred Todd
    지표
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ Goldfinch Scalper EA MT5
    PZ TRADING SLU
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    PZ Pivot Points MT5
    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ Inside Bars MT5
    PZ TRADING SLU
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    Enhance your price action strategy: inside bar breakouts at your fingertips This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of bars which is/
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    PZ TRADING SLU
    5 (1)
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    In the world of finance, correlation is a statistical measure of how two securities move in relation to each other. Correlations are used in advanced portfolio management. This indicator measures how different securities move in relation to a reference one, thus making portfolio management easier.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Avoid concurrent trades in highly correlated instruments Find trading opportunities among highly correlated instruments Cor
    PZ Three Drives
    PZ TRADING SLU
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    This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It implements visua
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    PZ TRADING SLU
    4 (5)
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
    3 (5)
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ TRADING SLU
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    PZ Inside Bars
    PZ TRADING SLU
    지표
    Enhance your price action strategy: inside bar breakouts at your fingertips This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of bars which is/
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    PZ TRADING SLU
    Experts
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    PZ TRADING SLU
    1 (1)
    지표
    Precision trading: leverage wolfe waves for accurate signals Special Offer: Purchase now to receive free bonuses worth $109! (Read more for details) Wolfe Waves are naturally occurring trading patterns present in all financial markets and represent a fight towards an equilibrium price. These patterns can develop over short and long-term time frames and are one of the most reliable predictive reversal patterns in existence, normally preceding strong and long price movements. [ Installation Guide
    PZ Harmonacci Patterns
    PZ TRADING SLU
    3.17 (6)
    지표
    Trade smarter, not harder: Empower your trading with Harmonacci Patterns Special Offer: Purchase now to receive free bonuses worth $165! (Read more for details) This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Upda
    PZ Oscillator
    PZ TRADING SLU
    지표
    This is a smooth and responsive accelerometer which reveals the market trend and strength. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Two moving averages indicate trend direction The histogram represents strength of the price movement It draws buy and sell zones as colored vertical lines Should be used as a confirmation indicator Customizable line widths and colors It implements alerts of all kinds This indicator is similar to MACD but aims to react faster t
    PZ Turtle Trading
    PZ TRADING SLU
    5 (3)
    지표
    The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Prod
    PZ Binary Options
    PZ TRADING SLU
    지표
    This indicator analyzes price action patterns and helps you to make positive equity decisions in the binary options market. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Trade both call and put options No crystal ball and no predictions The indicator is non-repainting The only strategy suitable for binary options is applying a mathematical approach, like professional gamblers do. It is based on the following principles: Every binary option represents
    필터:
    alisabar
    444
    alisabar 2016.05.24 13:36 
     

    At D1 it works quite well.

    PZ TRADING SLU
    797612
    개발자의 답변 Arturo Lopez Perez 2021.04.28 02:01
    Many thanks.
    gmackinnon
    141
    gmackinnon 2015.08.25 19:06 
     

    Very useful indicator.

    Works well if you follow the instructions on the website.

    Monthly levels and higher are very clear support resistance areas.

    PZ TRADING SLU
    797612
    개발자의 답변 Arturo Lopez Perez 2021.04.28 02:01
    Many thanks.
    pvanam46
    21
    pvanam46 2015.04.17 20:29 
     

    Excellent indicator giving support and resistance levels at a glance. Well worth the money

    PZ TRADING SLU
    797612
    개발자의 답변 Arturo Lopez Perez 2021.04.28 02:02
    Many thanks.
    Happy Mans World
    1442
    Happy Mans World 2014.12.26 17:47 
     

    Average SR Indicator, and not worth the money paid for it.

    PZ TRADING SLU
    797612
    개발자의 답변 Arturo Lopez Perez 2021.04.28 01:59
    Please update. I hope this update is worth a better review.
    리뷰 답변
    버전 7.0 2024.07.19
    Housekeepig update
    버전 6.4 2021.04.28
    - Improved alerts
    버전 6.2 2021.04.28
    - Small improvements.
    버전 6.0 2021.04.28
    - Improved level detection
    - Improved grouping by atr
    - Improved inputs
    버전 4.2 2020.10.20
    Recompiled with minor changes
    버전 4.0 2017.02.10
    - Simplified inputs
    - Changed to horizontal lines instead of trend lines
    버전 3.0 2016.05.25
    - Added timeframe selection
    - Added a free collapse factor value
    - Added peak to valley ratio

    Now you can see SR lines from higher timeframes in lower ones.
    버전 1.2 2014.10.07
    New feature: the indicator now displays the age of every support and resistance line with daily granularity. This is especially useful in small timeframes.
    버전 1.1 2014.02.17
    Important bug fixed that arised after MT4 buil 600 update.
    The indicator crashed on W1 and MN1 charts.