Thank you Ardy069 for this unfair review and your lying:

The signal is NOT drifting or repainting. As soon as the last untouched support/resistance price is reached the indicator stops drawing the lines. 

This is what you see in the strategy tester where you can test the indicator before buying it. And I even provide a FREE version for EURUSD and GBPUSD which works on live charts.

I assume that you are simply a competitor who registered with a new account 6 days before you have done this blatant review to harm my stats.

Registered 16th May -> Review written 22th May

Or you are a complete newbie in trading and don't know what you are talking about

Before downloading the use version, because the hour line walks slowly, several days also the index also did not have any change. I thought your target was the same as you said, anticipating support and resistance ahead of time and buying. Who knows after buying, other quality has the market, your resistance is a high point to form, walked a few days, the automatic peak draws a red line. That's an indicator, right? The support is the same.

Hi Ardy,

thank you for your answer. Maybe there is an misunderstanding how the indicator works / what it does.

I will explain the details behind the indicator here.

The basis of this support / resistance indicator is the Fractals-indicator from one of the most famous traders Bill Williams. The fractals indicator shows the highs and lows of the recent price swings.

The original rules of the fractals indicator say:

- If the high of the candle is higher than the highs of the preceding 2 candles AND higher than the highs of the subsequent 2 candles then we have a swing high point

- If the low of the candle is lower than the lows of the preceding 2 candles AND lower than the lows of the subsequent 2 candles then we have a swing low  point

The following chart shows the high and low points based on the original rules of the fractals indicator:

I have slightly modified the rules to give even more relevant swing high/low points.

My modified rules of the fractals indicator say:

- If the high of the candle is higher than the highs of the preceding 3 candles AND higher than the highs of the subsequent 3 candles then we have a swing high point

- If the low of the candle is lower than the lows of the preceding 3 candles AND lower than the lows of the subsequent 3 candles then we have a swing low  point

With this modified rule set the swing high/low points look like in the following screenshot (there are less high/low points):

What this support/resistance indicator does it it draws horizontal lines at the latest (untouched) swing high and low point.

In our example chart the indicator draws these two lines:

This drawing is technically correct to draw support and resistance lines with an automatic / mechanical approach.

Therefore, I can't see your reason why you give a 1 star rating for this indicator.

Best regards
Mike Semlitsch

Hi Ardy,

Thank you for rating my strong trend indicator with 5 stars.

I invite you to join my double top / bottom telegram group with 620+ traders then you can learn more about reversal trading and how the smart money drives the financial markets. Please write an email to: telegramDTB@forexfalcon.com

I have created a video to show you how you can use the support / resistance zones properly. The support / resistance indicator is one component which you can use to trade the concepts which I teach in my community. It will help you a lot in your trading if you understand the enemy (the smart money).

Here is the video:

Best regards

Mike Semlitsch

Thank you very much for your kind words Robert!

Best regards

Mike Semlitsch

Buongiorno MIke sono passato dalla versione  MT4 alla versione MT5  quando cerco di scaricare i programmi continuano ad andare sulla MT4 potrei avere delle indicazione come installare i programmi sulla MT5 

i prodotti che ho acquistato sono, ultimate duble top botton reversal scanner 1.8, Support resistence multi time freme 1.1

Sono soddisfatto dei suoi prodotti e vorrei mettere delle stelle però non so come si fa, buona domenica e grazie

Moreno 

Hi Moreno,

as far as I know MT4-programs can only run within MT4 and they can't run within an MT5.

Best regards

Mike Semlitsch

Hi Mike,

I love your products and i have in my arsenal virtual all MT4 indicators and two of MT5 indicators - Support and Resistance Multi Time frame - MT5 and MACD Multi time frame indicator - MT5. The initial time i applied the MT5 indicators, they work fine but after sometime, they disappeared from the chart and even repeated attempts to bring them back to the chart have failed. 

This challenge started after i updated the MT5 platform based on broker recommendation. Please how can this challenge be resolved? 

Best regards

Jude