Proven Support Resistance MT4
- Indicadores
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Part-time Day Trader
Consistent Trading Made Easy
I build practical MT4 and MT5 tools that help traders follow structured execution routines with greater discipline, consistency, and confidence. - Versão: 1.0
- Ativações: 8
Support and resistance levels tested from both sides, automatically displayed.
Proven Support Resistance identifies price levels that have demonstrated both support and resistance behavior. Only levels validated by qualifying reactions from both sides are displayed.
The on-chart More and Fewer controls provide a quick way to balance level quantity and significance.
Built for Traders Who Want To
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Focus on support and resistance validated from both sides.
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Filter out unverified levels and reduce unnecessary chart noise.
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Adjust the number and relative strength of displayed levels directly from the chart.
What Proven Support Resistance Does
The indicator uses fractal-based analysis across up to 5,000 historical bars. Each level set is calculated independently for the current symbol and timeframe.
Click More to include weaker levels or Fewer to retain only stronger levels. The preferred selection is saved separately for each symbol and timeframe.
Core Features
Both-Side Validation
Every displayed level has shown qualifying price reactions as both support and resistance.
Quick Level Adjustment
Create a balanced selection for the current price action without opening the input settings.
Customizable Appearance
Adjust the level color, style, width, extension, and panel size to suit different chart setups.
How to Use
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Attach Proven Support Resistance to a chart.
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Click More to include weaker levels or Fewer to retain only stronger levels.
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Repeat until the preferred balance of levels is displayed.
Note: Each click on More or Fewer recalculates the level selection. Depending on the market structure, this may add or remove one or several levels at once.
Free Demo in Strategy Tester
Download the free demo for the Strategy tester. Allow the Strategy Tester to process sufficient price history before expecting validated levels to appear. Fractals require candles on both sides before they can be confirmed.
Thanks for the Feedback
Suggestions, comments, and bug reports are always welcome. Feedback helps improve existing tools and guide future development.
