Pro support and resistance indicator
- Индикаторы
- Версия: 1.0
- Активации: 5
Trade key market levels with precision using Supply Demand Zones for MetaTrader 5
this clean and lightweight utility dynamically plots active Demand (Support) and Supply (Resistance) zones directly on your charts based on real-time ATR volatility calculations.
Instead of cluttering your charts with dozens of outdated historical lines, this indicator focuses exclusively on the most recent active supply and demand levels, automatically removing broken zones when market volatility invalidates them.
Key Features:
-
Dynamic ATR Zone Thickness: Zone height automatically expands or contracts based on recent market volatility (ATR), providing realistic entry and stop zones.
-
Smart Break Filtering: Automatically invalidates and deletes supply or demand zones only when price closes beyond an ATR-based break threshold.
-
Pivot Sensitivity Control: Fine-tune pivot detection sensitivity to capture short-term scalping levels or major swing levels.
-
Minimum Level Distance Filter: Prevents overlapping zones by filtering out duplicate pivots that are too close together.
-
Auto-Extending Levels: Extends active supply and demand rectangles to the right side of the chart for seamless visual alignment.
-
Clean & Lag-Free Performance: Highly optimized MQL5 code with zero visual lag, executing strictly on bar close to eliminate repainting.
-
Universal Instrument Support: Works on Forex, Gold (XAUUSD), Crypto, Indices, and Stocks across all timeframes.
Customizable Inputs & Settings:
-
Pivot Sensitivity: Adjust the lookback period for detecting swing highs and lows.
-
ATR Settings: Customize the ATR period and thickness multiplier ($x\text{ ATR}$).
-
Break Threshold Multiplier: Set how far price must close past a level to remove the zone.
-
Color & Transparency: Full control over Demand (Support) and Supply (Resistance) fill colors and opacity ($0–255$).
-
Extend Levels: Toggle right-side zone extension on or off.
