Support Resistance Catcher

Support Resistance Catcher Indicator Features and Explanation

Overview:
The Support Resistance Catcher is a custom MT5 indicator designed to identify and visualize supply (resistance) and demand (support) zones based on candlestick price action. It detects zones where price has reversed after rallies or drops, using wick rejections and clustering. The indicator draws horizontal rectangles for active and historical zones, with customizable colors, labels, and alerts.

Key Features:

1. Zone Detection:
   - Identifies supply zones (resistance) from upper wick rejections at local highs
   - Identifies demand zones (support) from lower wick rejections at local lows
   - Uses configurable lookback period (PivotPeriod) for local max/min detection
   - Clusters zones with minimum distance control (Overlook)
   - Adjusts zone width based on Sensitivity parameter

2. Zone Management:
   - Limits active zones to NumberOfZones (default 3)
   - Displays up to HistoricalZones (default 100) historical zones
   - Zones persist until broken through by price
   - Historical zones shown with dashed style

3. Visual Elements:
   - Supply zones: Tomato-colored rectangles (configurable)
   - Demand zones: YellowGreen-colored rectangles (configurable)
   - Optional fill with 30-40% opacity
   - Labels showing "Resistance" or "Support"
   - Optional arrows pointing to new zones
   - Historical zones drawn thinner/dashed

4. Alerts:
   - Popup alerts when price approaches zones within Alert_Pip_Distance
   - Prevents spam with 60-second cooldown
   - Compatible with sound/email/push (uses standard Alert() function)

5. Performance Optimizations:
   - Processes only BarsToCalculate (default 3000) recent bars
   - Incremental calculations to avoid lag
   - Efficient looping and caching
   - No repainting after candle close

6. Testing Mode:
   - Fully compatible with Strategy Tester visual mode
   - Draws historical zones accurately during backtesting

Inputs:

- Leverage: Account leverage (included but not actively used, default 100)
- NumberOfZones: Maximum active zones displayed (default 3)
- HistoricalZones: Maximum historical zones displayed (default 100)
- BarsToCalculate: Number of bars to process (default 3000)
- PivotPeriod: Lookback for local highs/lows (default 20)
- Overlook: Minimum bars between zones (default 10)
- SupportResistanceStrength: Reserved for future strength filtering (default 10)
- Sensitivity: Zone width adjustment (0.8 = wider zones, lower = wider)
- Show_Arrows: Enable arrows for new zones (default false)
- Color_of_Supply: Color for supply zones (default clrTomato)
- Color_of_Demand: Color for demand zones (default clrYellowGreen)
- Fill_Zones: Enable rectangle fill (default false)
- Show_Distance_from_Levels: Reserved for distance display (default false)
- Alert_Allowed: Enable alerts (default false)
- Alert_Pip_Distance: Pip distance for alerts (default 1)

How to Use:
1. Attach to any timeframe chart (tested on EURUSD H4)
2. Adjust inputs for your preferences
3. Observe rectangle zones on chart
4. Use as support/resistance levels for trading decisions
5. Enable alerts for notifications near zones
6. Historical zones provide context for zone strength

Compatibility:
- MetaTrader 5 only
- Works on any symbol and timeframe
- Optimized for real-time and backtesting use

Note: Zones are detected on closed bars only, ensuring no repainting.
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Antonio-alin Teculescu
5 (1)
Chronos Fractal Engine is an innovative price projection indicator for MetaTrader 5, designed to transform your technical analysis by intelligently identifying and projecting historical price patterns. Built upon an advanced correlation algorithm and the fractal principles of the market, this powerful tool visualizes potential future price movements, giving you a unique edge in your trading decisions. What is Chronos Fractal Engine? At its core, the Chronos Fractal Engine employs a sophisticat
Gold Uptrend Insider
Lawrence Chiiambb Mkandawi
5 (1)
Uptrend Insider A clean and powerful trend-following indicator that helps you catch the beginning of uptrends and exit before the market turns into a range or downtrend. How it works:   Green → Uptrend signal (potential buying opportunity) Orange → Ranging / sideways market possibility but maintain the trend positions just keep an eye for possible ranges and reversals. Red → Downtrend or exit signal (time to close long positions) The indicator is designed to be extremely simple and visual. You o
SMC Institutional Suite v3.7 Professional Smart Money Concept Indicator for MetaTrader 5 What is New in Version 3.7 - Visual Stability Update This release focuses entirely on one goal: making every zone, label, and line on your chart rock-solid stable. There is no more flickering, no more zones disappearing on a new candle, and no more duplicate drawings. Order Block (OB) zones no longer flicker or disappear. Once drawn, they stay permanently on the chart. Equal Highs and Equal Lows (EQH / EQL)
PrimeScalping
Temirlan Kdyrkhan
PrimeScalping is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates — all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or e
Footprint — é um indicador para análise de order flow e volume. Ele ajuda a identificar a estrutura do mercado no nível de clusters, encontrar zonas-chave com alta atividade e trabalhar com filtros diretamente no gráfico, sem a necessidade de abrir constantemente a janela de configurações. Recursos do indicador Footprint gráfico de clusters Bid x Ask, Delta; painel de controle no gráfico; controles deslizantes (sliders) para ajuste de filtros; Absorption; Initiative; Stacked Imbalances; Big Trad
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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Thanh Tuyen Hoang
70
Thanh Tuyen Hoang 2025.09.29 01:17 
 

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