GEN SmartZone

INDICATOR: GEN Smart Zone

Developer: gedeegi

General Description

GEN Smart Zone is a MetaTrader 5 (MT5) indicator designed to automatically identify and visualize strong Support and Resistance (S/R) levels. It analyzes price movements on a higher timeframe to find significant S/R zones and then projects them onto the current chart. Its purpose is to provide traders with clear visual guidance on key areas that can be used for decision-making.

Key Features

  • Automatic S/R Zone Identification: The indicator independently searches for significant S/R levels based on pivot points from a **Higher Time Frame**.
  • Dynamic S/R Zones: The S/R zones found are displayed as rectangular areas, not just horizontal lines, which more accurately represent price ranges where market reactions often occur.
  • Conditional Visualization: The S/R zones change color depending on the current price position:
    • If the price is below the zone, it's colored as Resistance.
    • If the price is above the zone, it's colored as Support.
    • If the price is inside the zone, it's colored as "In Channel".
  • Information Table (Dashboard): It includes a table that summarizes the most relevant S/R levels. This table shows the high and low prices of the S/R zones, their status, and a **Strength** metric indicating how robust the level is based on price history.
  • Comprehensive Notification System: The indicator can send notifications via desktop Pop-up alerts and Mobile Push notifications when the price breaks through a Support or Resistance level.
  • Flexible Settings: Users can customize various parameters, such as the timeframe used for calculation, the pivot point search period, the maximum number of S/R zones to display, and other visual settings.

Input Parameters

  • TF (Higher Time Frame): The timeframe used to search for strong S/R points.
  • PivotPeriod : The number of bars to the left and right required to identify a valid pivot point.
  • LoopbackPeriod : The number of historical bars considered in the calculation.
  • ChannelWidthPct : The maximum allowed width percentage for an S/R zone.
  • MinStrength : The minimum strength an S/R level must have to be displayed.
  • MaxNumSR : The maximum number of strongest S/R zones to display.
  • ShowSRFit : When enabled, only S/R zones within the visible chart range will be displayed.
  • ShowTable : Shows or hides the S/R summary table.
  • EnablePopupAlert : Enables or disables pop-up notifications.
  • EnableMobileNotification : Enables or disables mobile push notifications.
  • Table Position & Color Settings: Options to adjust the table's position and the colors of the zones.

Signal Logic

This indicator does not generate direct entry signals but serves as an analysis and confirmation tool.

  • Zone Identification: It first takes price data from the specified **Higher Time Frame** and then searches for pivot points (swing highs and swing lows).
  • Zone Grouping: Nearby pivot points are grouped into a single, dynamic S/R zone.
  • Strength Calculation: A zone's strength is calculated based on how often pivot points have formed in that area and how many times the price has touched the area in the past.
  • Breakout Notifications: A notification is sent when the current price breaks through the upper (Resistance) or lower (Support) boundary of an S/R zone.

Usage

  • Trend Filter: Use the S/R zones as a filter for the trend. For example, if the price is above a strong S/R zone, you can prioritize long trade setups.
  • Stop Loss & Take Profit Placement: S/R zones can be used as reference areas for placing stop losses (outside the zone) or take profit targets (near the next S/R zone).
  • Entry Confirmation: Look for additional confirmation when the price approaches or breaks an S/R zone. For instance, if the price bounces off a strong Support zone, it could be a valid long entry signal.
  • Multi-timeframe Analysis: By choosing an appropriate **Higher Time Frame**, you can get a cleaner picture of key levels, regardless of market noise on lower timeframes.
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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these da
LINHAS DE TENDÊNCIA PRO   -   Ajuda a entender onde o mercado está realmente mudando de direção. O indicador mostra inversões de tendência reais e pontos onde os principais participantes retornam ao mercado. Você vê     Linhas BOS   Análise de tendências e níveis-chave em prazos maiores — sem configurações complexas ou ruídos desnecessários. Os sinais não são repintados e permanecem no gráfico após o fechamento da barra. VERSÃO MT4   -   Revela seu potencial máximo quando combinado com o   indic
Dark Support Resistance  is an Indicator for intraday trading. This Indicator is programmed to identify  Support and Resistance Lines , providing a high level of accuracy and reliability. Key benefits Easily visible lines Only the most important levels will be displayed Automated adjustment for each timeframe and instrument Easy to use even for beginners Never repaints, never backpaints, Not Lag 100% compatible with Expert Advisor development All types of alerts available: Pop-up, Email, Push
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4.5 (8)
Stratos Pali Indicator is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost ! Down
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