Equal Highs and Lows Support an Resistance Mapping

My other indicators

https://www.mql5.com/en/market/product/156702

https://www.mql5.com/en/market/product/153968 (FREE)

https://www.mql5.com/en/market/product/153960 (FREE)

⚡ MyFXRoom Equal Highs & Lows – Intelligent S/R Detector

What it does

MyFXRoom Equal Highs & Lows automatically detects, validates, and draws Equal Highs and Equal Lows from confirmed 5-bar swing points. It highlights key support and resistance formed by multiple unbroken reactions at the same price area — the zones many traders treat as liquidity pools and high-probability reversal points.

Unlike static S/R tools, it adapts as price action unfolds: confirming new structure and removing invalidated levels automatically. Every line drawn is a validated, unbroken swing-derived level.

🔍 Core Features

Automatic Detection of Equal Highs & Lows

• Uses internally calculated 5-bar ZigZag swings (non-repainting)
• Spots repeated retests of the same price area to form true S/R

ATR-Based Dynamic Tolerance — Self-Adjusting to Any Chart

• Tolerance is calculated as a percentage of ATR, not a fixed pip value
• Automatically adapts to the instrument's volatility and current timeframe
• Works correctly out of the box on EURUSD M5, XAUUSD H4, GBPJPY Daily — no manual adjustment needed when switching charts

Touch Strength Classification (Visual Cues)

• White lines (2 touches) = developing levels
• Red lines (3+ touches) = strong confirmed levels
• Broken levels deleted automatically in real time

Smart Refresh Logic

• Full recalculation triggered on every chart or timeframe change — no stale levels left behind
• Automatic clean after each bar close as a safety net
• Optimized break checks running continuously for responsive updates

Fully Stand-Alone

• No external indicators, GlobalVariables, DLLs, or files

📈 How to Use

1. Attach to any chart and timeframe
2. Default settings (ATR Period: 14, Tolerance: 20%) work well across most pairs and timeframes
3. Watch the indicator plot unbroken S/R levels and automatically remove any that price breaks

💡 Tips

• To see fewer, higher-quality levels — reduce ATR % (try 10–15%)
• To catch more potential levels on quieter pairs — increase ATR % (try 25–30%)
• Increasing Min Bars Between Touches filters out short-term noise and keeps only meaningful structure
• Works across all pairs and timeframes without any manual reconfiguration

🧠 Summary MyFXRoom Equal Highs & Lows is a precision tool for finding retested swing levels — the equal highs and lows that define robust support and resistance. These areas often align with liquidity building or sweep zones and can anchor high-probability trade plans across any pair or timeframe.