SFT Fractal Support and Resistance

The support and resistance levels are among the main components of the entire technical analysis.

They are used both by professional traders and by beginners.

Prices usually move within the price channels. The upper boundary of such a channel is called resistance, and the lower one is support.

This indicator plots fractal support and resistance lines at the highest and lowest local price values (fractals).


Distinctive features

  • Does not redraw.
  • Clear and understandable signals.
  • It is possible to send signals via Email, Push notifications or on-screen alerts.
  • Audio confirmation of a signal separately for support levels and resistance levels.
  • Works on all timeframes and symbols.
  • Suitable for manual trading and development of Expert Advisors.

For more accurate entries and additional confirmation of signals, it can be used in conjunction with other indicators.


Indicator parameters

  • BarCount – the number of candles (bars) for the indicator to calculate its values.
  • UseAlerts – enable/disable alerts (signals) about the appearance of new levels. True – signals are enabled. False - signals are disabled
  • SoundAlerts - use audio confirmation of signals.
  • EmailAlert – send Email notifications, configuration instructions are available here.
  • SendPushAlert – send Push notifications about signals, configuration instructions are available here.
  • SoundResistance - sound played when a new resistance level appears.
  • SoundSupport - sound played when a new support level appears.

In places of accumulation of levels, the support / resistance areas are stronger

At new and single levels, the support / resistance areas are weaker


Trading can be performed using two methods:

1. Within a channel, trade the price rebound from the channel boundaries between the support and resistance lines during a calm movement in a flat market.
  • In this case, trade movements from the support and resistance levels inside the channel
  • Place pending Sell Limit orders at resistance and Buy Limit at support levels
  • Place TP in the middle of the channel, SL = 1..2 TP
2. Outside a channel, trade the breakout of the channel boundaries - breakout of support or resistance during a strong trend movement in the market.
  • In this case, trade the channel breakout at the support and resistance lines
  • Place pending Buy Stop orders at resistance and Sell Stop at support levels
  • TP is equal to a half of the channel, SL = 1..2 TP

Other trading options are also possible, you can develop the most convenient tactics for you in the process of trading.

Additional information and a more detailed overview of trading methods can be seen here:

Trading strategies with an indicator SFT Fractal Support and Resistance - https://www.mql5.com/en/blogs/post/715986

We wish you a stable and profitable trading. Thank you for using our software!

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5 (3)
O Matrix Arrow Indicator MT4 é uma tendência única 10 em 1 seguindo um indicador multi-timeframe 100% sem repintura que pode ser usado em todos os símbolos/instrumentos: forex, commodities, criptomoedas, índices, ações. O Matrix Arrow Indicator MT4 determinará a tendência atual em seus estágios iniciais, reunindo informações e dados de até 10 indicadores padrão, que são: Índice de movimento direcional médio (ADX) Índice de canal de commodities (CCI) Velas clássicas de Heiken Ashi Média Móvel Di
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INSTRUÇÕES RUS  /  INSTRUÇÕES   ENG  /  Versão MT5 Principais funções: Exibe zonas ativas de vendedores e compradores! O indicador exibe todos os níveis/zonas de impulso iniciais corretos para compras e vendas. Quando esses níveis/zonas são ativados, onde a busca por pontos de entrada começa, os níveis mudam de cor e são preenchidos com cores específicas. Setas também aparecem para uma percepção mais intuitiva da situação. LOGIC AI - Exibição de zonas (círculos) para busca de pontos de entrada
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O sistema PRO Renko é um sistema de negociação altamente preciso especialmente concebido para a negociação de gráficos RENKO. Trata-se de um sistema universal que pode ser aplicado a vários instrumentos de negociação. O sistema neutraliza eficazmente o chamado ruído de mercado, dando-lhe acesso a sinais de inversão precisos. O indicador é muito fácil de usar e tem apenas um parâmetro responsável pela geração de sinal. Você pode facilmente adaptar a ferramenta a qualquer instrumento de negocia
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Gavin Rissetto
283
Gavin Rissetto 2022.08.19 05:18 
 

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Ольга Королева
57
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sei-bert
304
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bluescreen_b
44
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Thomas Fairhurst
1184
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Matthew Todorovski
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Artem Kuzmin
21629
Resposta do desenvolvedor Artem Kuzmin 2020.10.22 12:24
Better put yourself one star and stop cheating)))
My FREE is many times better than your PAID :-)))
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