V Pattern Support and Resistance Scanner
- Göstergeler
- Deyna Kurniawan
- Sürüm: 1.0
- Etkinleştirmeler: 5
V-Pattern Support & Resistance Scanner is an advanced price structure detection indicator for MetaTrader 5 designed to automatically identify strong Support and Resistance levels based on V-Pattern price formations.
Unlike traditional support resistance indicators that rely only on simple highs and lows, this indicator detects true structural turning points where the market forms a confirmed V-shaped reversal and where the level has not been broken by closing price afterward.
This makes the levels significantly cleaner, stronger, and more relevant for trading decisions.
The indicator automatically scans multiple timeframes simultaneously and displays the closest valid Support and Resistance zones directly on your chart.
It is designed for price action traders, SMC traders, supply & demand traders, scalpers, and swing traders who rely on precise market structure.
Core ConceptFinancial markets often form V-shaped reversals when institutional orders enter the market.
These areas frequently become:
• strong Support levels
• strong Resistance levels
• reaction zones
• liquidity areas
This indicator detects those structures automatically by analyzing:
• left-side price movement
• right-side confirmation candles
• unbroken price levels after formation
Only levels that remain valid (never closed through) are displayed.
This eliminates weak or already broken support resistance zones.
Key FeaturesAutomatic V-Pattern Detection
The indicator identifies true V-shaped market reversals using a structured confirmation logic.
Levels are confirmed only when:
• left candles validate the turning point
• right candles confirm the reversal
• the level has not been broken by closing price afterward
This creates clean and reliable structural levels.
Multi-Timeframe Support & Resistance
The indicator scans two independent timeframes simultaneously.
Example combinations:
• H4 + H1
• H1 + M15
• D1 + H4
This helps traders see higher timeframe structure while trading on lower timeframe charts.
Each timeframe uses different colors and line styles for easy visual separation.
Smart Level Filtering
The indicator only displays levels relevant to the current price:
• Resistance above current price
• Support below current price
This keeps the chart clean and focused on actionable levels.
Nearest Strong Levels
Instead of drawing dozens of levels, the indicator automatically selects the Top 5 nearest Support and Resistance levels for each timeframe.
This prevents chart clutter and highlights the most important trading zones.
Origin-Based Levels
Each support or resistance line starts exactly from the candle where the V-Pattern was formed.
This allows traders to visually see:
• where the structure originated
• how price reacted after formation
• how long the level has remained valid
Infinite Forward Projection
All levels automatically extend to the right side of the chart, allowing traders to see how price interacts with these levels in the future.
Adjustable SettingsThe indicator includes flexible inputs to adapt to different trading styles.
Users can configure:
• Timeframe 1
• Timeframe 2
• Support color
• Resistance color
• Line style
• Line thickness
• V-pattern confirmation bars (left / right)
• Maximum scan depth
This allows traders to customize the sensitivity of level detection.
Ideal ForThis indicator is useful for many trading approaches:
• Price Action Trading
• Supply & Demand Trading
• Smart Money Concepts (SMC)
• Breakout Trading
• Reversal Trading
• Scalping
• Intraday Trading
• Swing Trading
Traders commonly use these levels to:
• identify high probability entry zones
• locate take profit targets
• define stop loss levels
• confirm breakout opportunities
• detect liquidity zones
Because the levels are derived from confirmed market structure, they are highly relevant for real trading decisions.
Advantages Over Traditional Support Resistance IndicatorsMost support resistance indicators simply mark recent highs and lows.
This indicator is different because it:
✔ detects true structural reversals
✔ ignores already broken levels
✔ filters irrelevant zones
✔ supports multi-timeframe analysis
✔ keeps the chart clean and focused
The indicator works on:
• all currency pairs (Forex)
• Gold (XAUUSD)
• Indices
• Cryptocurrencies
• Commodities
• Stocks
And supports all timeframes from M1 to Monthly.
Recommended SetupFor best results many traders use combinations such as:
• H4 + H1 for swing trading
• H1 + M15 for intraday trading
• M15 + M5 for scalping
- Install the indicator in MetaTrader 5
- Attach it to any chart
- Select the desired timeframes
- Start trading using the automatically detected Support & Resistance levels
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