Basic Support and Resistance Indicator

  > Elevate Your Trading Strategy This free tool is just the beginning. At code4trading, we specialize in developing high-performance indicators and Expert Advisors designed for precision and professional-grade analysis.

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What is this indicator?

This Basic Support and Resistance Indicator -Free- is designed to help traders automatically identify key market levels, such as supports and resistances, across multiple symbols and timeframes within the MetaTrader 5 (MT5) platform. It is an essential tool for trading in different financial markets, such as forex, indices, commodities, and cryptocurrencies.

Main Features

  1. Automatic Detection of Support and Resistance Levels:

    • Automatically analyzes key levels based on local highs and lows.
    • Uses an advanced algorithm to identify levels with greater accuracy .
  2. Support for Multiple Symbols and Timeframes:

    • Allows analysis of multiple currency pairs or assets at the same time (e.g., EURUSD, GBPUSD, USDJPY).
    • Works across multiple timeframes (M1, H1, H4, D1, etc.) .
  3. Customizable Settings:

    • Adjust the number of historical periods to look back ( LookbackPeriod ).
    • Define the minimum number of touches required to validate a level ( TouchesRequired ).
    • Set a tolerance in points to consider a touch ( TolerancePoints ) .
  4. Clear and Customizable Visualization:

    • Displays horizontal lines on the chart with customizable colors for supports (default blue) and resistances (default red).
    • Optionally displays labels with relevant information (symbol, timeframe, and number of touches) .
  5. Update Frequency:

    • Automatically updates every set number of seconds to reflect the latest levels .
  6. Easy to Use:

    • Does not require advanced technical experience, as it comes with default settings ready to use.
    • Ideal for both beginner and experienced traders .

Advantages of the Indicator

  • Saves Time: Automates the detection of key levels, avoiding hours of manual analysis.
  • Greater Accuracy: Uses advanced algorithms to identify levels with a high probability of success.
  • Flexibility: Adaptable to any trading style, whether intraday, swing trading, or long-term investing.
  • Free and Accessible: This indicator is available for free, making it a perfect tool for traders looking to improve their analysis without additional costs .

System Requirements

  • MetaTrader 5 platform installed.
  • Internet connection (optional, for automatic updates).
  • Compatible with Windows and mobile devices .

How to Use It

  1. Download and install the indicator on your MetaTrader 5 platform.
  2. Customize the parameters according to your preferences (symbols, timeframes, etc.).
  3. Apply the indicator to the chart of any asset and let it do the work for you.
  4. Use the detected levels to make informed trading decisions.

Why Choose This Indicator?

This indicator combines simplicity, effectiveness, and versatility, making it an indispensable tool for any trader looking to improve their technical analysis. In addition, being free, it is an accessible and useful option for all MetaTrader 5 users .

Download this indicator today and start trading with more confidence and precision!

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Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whip
ARICoins
Temirlan Kdyrkhan
ARICoin is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or email Cust
RelicusRoad Pro: Kantitatif Piyasa İşletim Sistemi ÖMÜR BOYU ERİŞİMDE %70 İNDİRİM (SINIRLI SÜRE) - 2.000+ TRADER'A KATILIN Neden çoğu trader "mükemmel" indikatörlere rağmen başarısız olur? Çünkü tekil kavramları boşlukta trade ederler. Bağlamı olmayan bir sinyal kumardır. Sürekli kazanmak için KONFLÜANS (UYUM) gerekir. RelicusRoad Pro basit bir ok indikatörü değildir. Tam bir Kantitatif Piyasa Ekosistemi dir. Tescilli volatilite modellemesini kullanarak fiyatın ilerlediği "Adil Değer Yolu"nu har
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Daniel Stein
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CGE Trading Suite delivers the analytical edge typically reserved for professional trading desks. The platform integrates a full suite of analytical tools into one seamless workflow: dynamic grid mapping, liquidity behavior analysis, ECM, trend lines, MIDAS, trade cycles, and directional channel projections. Together, these provide a unified view of market structure and momentum. Directional clarity is further enhanced by the capital flow index, which measures currency basket strength to identif
[ My Products ] , [ My Channel ]  ,  [ LIVE SIGNAL ] HFT Spike Detector HFT Spike Detector, yüksek frekanslı fiyat hareketlerini (HFT kaynaklı ani sıçramalar) gerçek zamanlı olarak analiz etmek ve ölçmek için geliştirilmiş profesyonel bir tick monitör aracıdır. Amaç; broker kaynaklı anormal slip değerlerini, likidite boşluklarını ve milisaniyelik fiyat sıçramalarını sayısal verilerle tespit edebilmenizi sağlamaktır. Gerçek zamanlı tick akışını ve işlem gerçekleşme koşullarını analiz ettiği i
ARIPoint
Temirlan Kdyrkhan
ARIPoint is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or email Cu
TREND ÇİZGİLERİ PRO       Piyasanın gerçek yön değiştirdiği noktayı anlamaya yardımcı olur. Gösterge, gerçek trend dönüşlerini ve büyük oyuncuların piyasaya yeniden girdiği noktaları gösterir. Anlıyorsun   BOS hatları   Daha yüksek zaman dilimlerindeki trend değişiklikleri ve önemli seviyeler, karmaşık ayarlar veya gereksiz gürültü olmadan gösterilir. Sinyaller yeniden çizilmez ve çubuk kapandıktan sonra grafikte kalır. MT4 SÜRÜMÜ   -   RFI LEVELS PRO   göstergesiyle   birlikte kullanıldığında m
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Berma Bantları (BB'ler) göstergesi, piyasa trendlerini belirlemeyi ve bunlardan yararlanmayı amaçlayan yatırımcılar için değerli bir araçtır. Fiyat ile BB'ler arasındaki ilişkiyi analiz ederek, yatırımcılar bir piyasanın trend veya aralıklı fazda olup olmadığını ayırt edebilir. Daha fazla bilgi edinmek için [ Berma Home Blog ] adresini ziyaret edin. Berma Bantları üç belirgin çizgiden oluşur: Üst Berma Bandı, Orta Berma Bandı ve Alt Berma Bandı. Bu çizgiler fiyatın etrafına çizilir ve genel tren
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