SRline
- Индикаторы
- Huu Tri Nguyen
- Версия: 1.5
- Активации: 10
Automatic Support and Resistance Zone Indicator Based on Fractal Structure
Overview
SRline is a technical analysis indicator designed to identify and display support and resistance zones using fractal-based price structure detection.
The indicator automatically scans historical price data and marks significant fractal highs and lows directly on the chart.
It can be used for:
- Market structure analysis
- Support and resistance observation
- Breakout monitoring
- Reversal analysis
- Price action workflows
Main Features
Automatic Fractal Detection
The indicator identifies support and resistance levels using configurable fractal logic.
Detection is based on:
- Fractal highs
- Fractal lows
- Configurable left/right bar structure
Detected levels are displayed directly on the chart for structural market analysis.
Support and Resistance Visualization
The indicator displays visual markers at detected support and resistance locations.
Features:
- Automatic chart marking
- Directional level visualization
- Structured zone observation
Visual markers help identify areas where price structure has previously reacted.
Configurable Detection Sensitivity
The sensitivity of fractal detection can be adjusted through user-defined parameters.
Configurable Settings:
- leftbars
- rightbars
- shift
These settings allow the indicator to adapt to different trading styles and timeframe selections.
Input Parameters
leftbars
Number of bars to the left used for fractal structure validation.
rightbars
Number of bars to the right used for fractal structure validation.
shift
Optional chart shift adjustment for indicator display positioning.
Usage Applications
The indicator may be used for:
- Support and resistance analysis
- Price action workflows
- Breakout observation
- Reversal monitoring
- Intraday trading
- Scalping
- Swing trading
It can also be combined with:
- Supply and demand analysis
- Trend-following systems
- Oscillators
- Multi-timeframe confirmation
Visualization
The indicator provides:
- Support level markers
- Resistance level markers
- Fractal-based structural visualization
Signal density may vary depending on volatility and selected fractal sensitivity settings.
Compatibility
Supported Markets:
- Forex
- Precious metals
- Cryptocurrency
- Indices
Supported Timeframes:
- All MetaTrader timeframes
The indicator is designed for lightweight chart operation.
Operational Notes
General Recommendations:
- Test sensitivity settings according to instrument volatility
- Use additional confirmation methods where appropriate
- Adjust fractal parameters depending on timeframe selection
The indicator is intended as a structural analysis tool and does not generate direct trade execution signals.
Indicator behavior may vary depending on market conditions and parameter configuration.
Conclusion
SRline is a fractal-based support and resistance indicator designed for:
- Market structure visualization
- Fractal level detection
- Support and resistance analysis
- Technical chart observation
The indicator provides automated structural level identification for traders using price-based technical analysis workflows.
Suggested Tags
Support Resistance, Fractal Indicator, Price Action, MT4 Indicator, Market Structure, Technical Analysis, Breakout Trading, Swing Trading, Scalping, Forex Indicator
