Automatic Support and Resistance Zones
- Göstergeler
- Sürüm: 1.0
- Etkinleştirmeler: 5
Identify Support and Resistance with a Simple Dot
Automatic Support & Resistance Signals is a professional MetaTrader 5 indicator designed to automatically identify potential support and resistance levels based on recent price structure.
Instead of filling the chart with lines and rectangles, the indicator uses simple colored dots directly on the price chart, making important levels easy to recognize at a glance.
🟢 Green Dot — Support
When the indicator identifies a potential support level, a green dot is displayed on the chart.
Support is detected by analyzing local lows and candle structure, helping traders quickly identify areas where buying pressure may potentially appear.
🔴 Red Dot — Resistance
When a potential resistance level is detected, a red dot appears on the chart.
Resistance is identified through the analysis of local highs and candle structure, allowing traders to quickly visualize areas where selling pressure may potentially develop.
🎯 Automatic Detection
The indicator automatically analyzes recent candles to identify:
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Local highs
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Local lows
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Significant candle wicks
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Price structure
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Potential reaction levels
The detected levels are then converted into clear visual signals on the chart.
🔔 Price Alerts
The indicator includes an optional sound alert when price reaches an identified support or resistance area.
This allows traders to monitor important levels without constantly watching the chart.
⚙️ Customizable Settings
You can adjust:
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Maximum number of candles analyzed
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Detection sensitivity
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Lookback period
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Support dot color
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Resistance dot color
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Sound alert activation
💡 Designed for Multiple Trading Strategies
The indicator can be used as a complementary tool for:
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Price Action
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Scalping
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Day Trading
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Swing Trading
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Breakout Trading
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Reversal Trading
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Market Structure
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Supply & Demand
🚀 Key Features
✔ Automatic support detection
✔ Automatic resistance detection
✔ 🟢 Green dots for Support
✔ 🔴 Red dots for Resistance
✔ Clean and uncluttered chart
✔ Price-structure-based detection
✔ Optional sound alerts
✔ Customizable parameters
✔ Simple and intuitive visualization
✔ Developed specifically for MetaTrader 5
Automatic Support & Resistance Signals
Green for Support. Red for Resistance. Simple. Clear. Powerful.
This indicator is a technical analysis tool and does not guarantee profits or future trading results. Signals should be used as part of a complete trading strategy together with proper market analysis and risk management.
