Advanced MT5 swing Highs and Lows with extention
- Индикаторы
- Prabhu Jaishankar
- Версия: 1.1
- Активации: 20
Swing Structure Levels – Support & Resistance Line Indicator
The Swing Structure Levels indicator automatically detects swing highs and swing lows and projects them as dynamic support and resistance lines on your chart. These levels remain extended untill we need, making it easy to identify key breakout and reversal zones.
✅ Key Features
-
Detects swing highs and lows using candle-based logic.
-
Draws horizontal support (green) and resistance (red) lines automatically.
-
Lines extend until we required.
-
Works on all timeframes (scalping, intraday, swing trading).
-
Lightweight and optimized for fast performance.
-
Provides a clear view of market structure, trend continuation, and reversal zones.
✅ Trading Uses
-
Identify support and resistance zones with precision.
-
Anticipate breakouts & retests for entries.
-
Confirm trend direction with structure levels.
-
Combine with candlestick patterns, order blocks, or moving averages for stronger signals.
✅ Inputs
-
Left bars (default 5): Number of candles to the left for swing detection.
-
Right bars (default 5): Number of candles to the right for swing detection.
-
Maximum lookback: Limits the number of candles checked for performance.
📈 With Swing Structure Levels, you’ll always have a clean market structure map on your chart — no need to manually draw and update support/resistance zones.
⚡ Recommended for:
-
Price action traders
-
SMC (Smart Money Concept) style strategies
-
Breakout and retest traders
-
Trend continuation setups
