Support Resistance Toolkit MT5

The Support & Resistance Toolkit is a comprehensive market structure analysis indicator designed to help traders identify high-probability support and resistance zones on charts. By combining multiple advanced pivot point detection algorithms with adaptive volatility zones, institutional money flow filters, and liquidity analysis, this toolkit transforms traditional support and resistance lines into a data-driven strategic tool.

Detection

This toolkit includes four advanced detection methodologies designed to suit different trading styles and market environments:

1. Pivots: The classic support and resistance detection approach using configurable left and right lookback strengths to detect local highs and lows.

2. Donchian: A high-performance state-machine algorithm that detects alternating swing structures. Rather than using fixed lag, it confirms extremes when the market shifts directional state.

3. CSID:A momentum-driven detection method that identifies structural turning points based on consecutive bullish or bearish candles, highlighting strong trend initiation zones.

4. ZigZag:A volatility-based algorithm that filters minor price fluctuations by requiring a minimum percentage deviation before identifying a swing.

Zone / Level

Unlike conventional indicators that simply draw fixed lines, this tool treats support and resistance levels as dynamic price zones based on the following features:

• Zone Depth (ATR Mult): Determines the thickness of each zone based on the Average True Range. This allows zones to scale automatically with market volatility.
• Breakout Buffer (ATR Mult): A unique security buffer that extends the zone beyond the breakout side. Price must move beyond this additional volatility layer before the indicator confirms a breakout, reducing false signals and fakeouts.

Filtering & Visibility:

• Merge Overlapping: Combines intersecting zones into a larger “Super Zone” that represents the full historical interaction range.
• Hide Oldest First: Prioritizes recent market structure by hiding older zones when overlap occurs.
• Hide Youngest First: Preserves established historical structures by ignoring smaller new zones that appear within existing ranges.

Level Filtering ( E:Entries | S:Strength | SW:Sweeps | V:Volume | D:Duration )

Visual Signals

• ⬆/⬇ Arrows: Mark the exact bar where swing highs and swing lows are detected by the active algorithm.
• ● Large Dots: Highlight liquidity sweeps where price temporarily breaches a zone but closes back inside.
• ✖ Cross: Mark the exact bar where swing highs and swing lows are migrated.
• Summary labels: Each display area features a concise data label including the parameters E (Entries), S (Strength), SW (Sweeps), V (Volume), and D (Duration), allowing users to quickly assess the structural quality.

Dashboard

• Active / Total: Displays how many structures are currently active compared to the total detected historically.
• Mitigation %: Measures how frequently levels are broken or mitigated, providing insight into market structure reliability.
• Avg Duration: The average number of bars a support or resistance zone survives before being broken.
• Avg Volume: Indicates the average institutional participation within zones before a breakout occurs.
• Total Sweeps: Tracks liquidity hunting behavior across the market.

Indicator Settings