Support Resistance Breakout Indicator MT5
- Indicadores
- Eda Kaya
- Versão: 2.1
Support Resistance Breakout Arrows (SRBA) Indicator MetaTrader 5
The Support Resistance Breakout Arrows (SRBA) indicator is a tool for identifying key price levels based on pivots. Designed for MetaTrader 5 (MT5), the SRBA indicator marks support levels in blue and resistance levels in red. When the price breaks through these levels, it issues a buy signal (blue arrow) or a sell signal (red arrow) and displays the signals as alerts directly on the chart.
«Indicator Installation & User Guide»
MT5 Indicator Installation | Support Resistance Breakout Indicator MT4 | ALL Products By TradingFinderLab | Best MT5 Indicator: Refined Order Block Indicator for MT5 | Best MT5 Utility: Trade Assistant Expert TF MT5 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT5 | Prop Firm Protector: Trade Assist Prop Firm Plus TF Expert MT5 | Money Management + DrawDown Protector: Trade Panel Prop Firm Drawdawn Limiter Pro MT5
Indicator Table
Indicator Categories | Support & Resistance - Signal & Forecast - Educational |
Platforms | MetaTrader 5 |
Trading Skills | Intermediate |
Indicator Types | Lagging - Breakout |
TimeFrame | M1 - M5 - M15 - M30 - H1 - H4 |
Trading Style | Scalper - Intraday - Day Trading |
Trading Instruments | Forex - Crypto - Stock |
Resistance Breakout Signal
On the 30-minute chart of Gold (XAUUSD), the market's upward movement broke through the resistance level at the price of 2398.09. Following this breakout, the SRBA indicator displayed a buy signal (blue arrow) on the chart.
Support Breakout Signal
On the 1-hour chart of Silver (XAGUSD), a strong downward movement broke the support level at 29.157. After this level was breached, the SRBA indicator displayed a sell signal (red arrow) on the chart.
Indicator Settings
• RSI_CCI_Filter: Generates more accurate signals using the CCI and RSI.
• RSI_Period: Selects the RSI calculation period.
• RSI_OverBought: Sets the overbought level for RSI.
• CCI_Period: Defines the CCI calculation period.
• CCI_Buy: Sets the CCI level for buy signals.
• CCI_Sell: Sets the CCI level for sell signals.
• Alerts: Enables signal alerts.
• Alert_On_Close: Triggers alerts when a candle closes after crossing the level.
Conclusion
The Support Resistance Breakout Arrows (SRBA) indicator assists traders in market analysis by visually representing support and resistance levels on the chart. By integrating CCI and RSI filters, the SRBA indicator provides strong trading signals once important price levels are breached.