Support and resistance bands
Support and resistance bands - is a unique indicator that draws a channel, relying on historical values of support and resistance levels. You no longer need to independently determine what level of support and resistance is currently relevant, the indicator will automatically determine the level closest to the price and display it on the graph in the form of the upper and lower bands.
- Unlike the Bollinger Bands indicator, this indicator builds the channel bands based on the previous values of the price extremes (support and resistance levels).
- The indicator automatically determines the level of support and resistance closest to the price, you do not need to clutter the chart with numerous lines.
- The indicator is able to predict the next level of support and resistance in the trend areas of the chart.
- extremum detector period - the period of the price extremum detector. The longer the period, the more powerful peak prices are taken into account in the indicator algorithm.
- number of extrema - the number of price extrema for calculating the indicator. The larger this parameter, the higher the accuracy of the construction of the upper and lower bands of the indicator. Large values of this parameter can greatly slow down the indicator.
- band shift - this parameter is responsible for drawing additional upper and lower bars of the indicator. If this parameter is 0, then no additional indicator bars are displayed. If the value of this parameter is positive, additional indicator stripes are displayed, usually located further from the main bands. Additional indicator bands are also calculated on the basis of support and resistance levels, however in this case the closest N levels do not participate in the calculations, where N is the number equal to the band shift parameter.
- use middle line - the flag responsible for displaying the midline of the indicator. If the parameter is true, then the middle line of the indicator is displayed. The average line of the indicator is calculated by the formula (up + dn) / 2, where up and dn are the values of the upper and lower bars of the indicator.
- midline calculation mode - this parameter determines, by what kind of bands of the indicator, the value of the midline will be constructed. If the parameter is true, then the middle line is calculated by additional indicator bars, if the value is false, then the average line is calculated by the main bands of the indicator.
The Daily Fibonacci Levels is an indicator designed for displaying the Fibonacci levels by days using horizontal lines. Displayed levels: +100% (high) +61,8% +38,2% +23,6% average = (high+low)/2 -23.6% -38.2% -61.8% -100% (low) The indicator provides the ability to specify the hour to consider the start of the day. This may be necessary if the dates on the server are changed during the trading session. Parameters StartHour — the hour for this indicator to consider as the start of a new day.
This indicator shows the latest untouched support and resistance as horizontal lines. The indicator can show support/resistance from higher timeframes. With this indicator you can e.g. easily see the support/resistance of the timeframes H4, D1 and W1 on a H1 chart, which can be a big advantage while time your entry on H1. This is the FREE version of the indicator: Support Resistance Multi Time Frame The free version works only on EURUSD and GBPUSD! Parameters referenceTF: the timeframe from wh
Free automatic fibonacci is an indicator that automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe
This is a well-known ZigZag indicator. But it differs by the fact that its plot is based on values of the middle line which is set by a user. It can display Andrews’ Pitchfork and standard or Bobokus Fibo levels. NO REPAINTING. Parameters Period МА — middle line period. Default value is 34. Minimum value is 4. Maximum value is set at your discretion. Used to calculate price - base price to calculate the middle line. The averaging method - method of smoothing the middle line. Turning pitchfork
Intraday Levels shows intraday levels grid for intraday trading Shows a grid for the intraday levels, gives you a guide to know the trend and to measure intraday trades levels like stop-loss and take-profit. Shows highest, lowest and middle levels of the current session. Middle line changes color when up-trend or down-trend. Recommend to use it with lower timeframes (M1, M5, M15).
The indicator automatically builds Support/Resistance levels (Zones) from different timeframes on one chart Support-resistance levels are horizontal lines. As a rule, the market does not respond to a specific price level, but to a price range around the level, because demand and supply of market participants are not formed clearly on the line, but are “spread out” at a certain distance from the level This indicator determines and draws precisely such a price range within which strong posit
介绍 本指标显示确定类型级别附近的强支撑和阻力，计算使用最大振幅的之字折线顶点。级别强度由堆叠的菲波纳奇级数定义，计算使用较低振幅的之字折线向量。 这些区域可被看作潜在的反转区域，并用于交易执行和固定盈利。潜在的反转区域可从振荡器接收的信号里有效地筛选。 此外，提供了在最大振幅的之字折线指标顶点的基础上，检测谐波 5 点 形态结构的功能。不仅搜索著名形态，如加特利，蝙蝠，蝴蝶，螃蟹等等，还有指标设置里输入的，顶点与菲波纳奇回撤相关的所有的 5 点形态。 这个版本的基本设置有些限制, 例如, 改变用于计算潜在反转区域的之字折线的振幅。它仅工作于 H4。 完整版 指标测试 您可以在可视模式里测试任何图表上安装了 Fibo_Zone_Lite 指标的 EA。 输入参数 Type of Calculation – 主要级别的计算类型以及潜在的反转区域: Levels of greater amplitude – 潜在反转区域基于以最后波段的之字折线顶点计算出的菲波纳奇级别。 Density around the Harmonic Levels – 潜在反转区域基于之字折线最后两个顶点
The Penta-O is a 6-point retracement harmonacci pattern which usually precedes big market movements. Penta-O patterns can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input. [ Installation Guide | Update Guide | Troubleshooting | FAQ | A
This FREE Dashboard Indicator was created to use with the Triangle ATB Sniper Ninja. This indicator is great by itself but we always go above and beyond the call of duty by offering you extra features that you will not find anywhere else on the market.. Arguably the most popular feature that will come with the ATB Sniper is the signal dashboard. The signal dashboard will show you instantly if there is a triangle pattern in each specific time frame. It makes trading with the ATB Sniper indica
MQLTA Support Resistance Lines is an indicator that calculates the historical levels of Support and Resistance and display them as Lines on chart. It will also Alert you if the price is in a Safe or Dangerous zone to trade and show you the distance to the next level. The indicator is ideal to be used in other Expert Advisor through the iCustom function. This DEMO only works with AUDNZD, the full product can be found at https://www.mql5.com/en/market/product/26328 How does it work? The indicato
FOLLOW THE LINE GET THE FULL VERSION HERE: https://www.mql5.com/en/market/product/36024 This indicator obeys the popular maxim that: "THE TREND IS YOUR FRIEND" It paints a GREEN line for BUY and also paints a RED line for SELL. It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. Yes, as easy and simple as that. Even a newbie can use it to make great and reliable trades. NB: For best results, get my other premium indicators for mo
This indicator is a modification of the original ZigZag. I usually used it in GBPUSD with H4 timeframe. This indicator works best in trending market. This indicator will show you: When to open combo positions (two positions in one direction) Trend confirmation (always use TP and SL) Weekly breakout, Monthly breakout Red arrow means trend confirmation. Works best when combined with other indicators.
The next indicator draws Fibonacci supports and resistances (9 lines based on next percentages 0%, 100%, 50%, 23.6%, 38.2%, 61.8%, 76.4%) based on predetermined number of bars. It has the next input: periods: Number of periods to calculate Fibonacci levels. The supports and resistances can be modified in terms of colour, width, style. The indicator repaints past data when changing timeframe, pair or updating so the only important data is present data that means it makes no sense to backtest how
This indicator is based on the classic Pivot Points concept combined with additional optimizations and advanced features. The levels of support and resistance are calculated by taking into account the average historical volatility. The added multi-symbol scanner allows you to detect the best conditions and trade setups. You can see in real time the current situation for all of your favorite symbols and you can switch the chart to any symbol with one click. The build in alert system allows yo
This is a product for Fibonacci fans. Fibonacci is a tool mostly used to define support/resistance levels and decide on market entries and exits. The responsibility of this indicator is to manage Fibonacci Retracement of the last week. Product is especially developed for H1 and D1 chart. This indicator maintains Fibonacci retracement of last week High to Low where trader will find exact support/resistance levels. In this indicator, some extra levels are added. If you found any discrepancy, ple
Indicator shows Support and Resistance Levels. In stock market technical analysis, support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by multiple touches of price without a breakthrough of the level . Support and resistance are key concepts that help traders understand, analyze and act on chart patterns in the financial markets.
The indicator uses the Chester W. Keltner's channel calculation method, modified by the well-known trader Linda Raschke. Due to the modification, the calculated channel contains a much more complete overview of the price movements, which allows increasing the probability of an accurate prediction of the upcoming price movement. Unlike the classic Keltner method, the base line of the channel is plotted based on the Exponential Moving Average, and the Average True Range is used to calculate the up
This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It plots historical levels for backtesting purposes It allows you to select the reference timeframe It implements different Pivot Point calculation modes It implements different SR calculation modes It implements customizable colors and sizes Calculation Modes The indi
Advanced ideas of the popular MACD indicator: It detects and displays classic and reverse divergences (three methods of detecting divergences). It uses different color to highlight an uptrend and a downtrend. Two methods of determining a trend: а) MACD crosses the 0 level (classic signal); б) MACD crosses its own average (early signal). This is a multi-timeframe indicator: it can display MACD data from other timeframes. Two methods of drawing: classic histogram and line. It generates sound and v
This is an advanced multi-timeframe version of the popular Parabolic SAR indicator. Double Parabolic MTF free combines two timeframes on Parabolic SAR graph. The higher timeframe Parabolic defines the trend, while the lower timeframe one searches for the market entry point in trend direction. How to use Buy if the lower timeframe Parabolic has switched and is under the price. The higher timeframe Parabolic should also be under the price. A stop loss can be set at the higher or lower timeframe
Optimal for Binary Options and Forex. For beginners and intermediates. Lotus is 100% non repaint. The strategy is based on 4 ADX parameters, including pivot points and candle patterns. It is recommendable to combine the arrow with an moving average, Elliot waves indicator or Parabolic SAR. The main goal was to keep it as simple as possible ! No useless oscillators. Add your favorite trend indicator and combine it with the arrow. Important period - the number of bars you can backtest the s
This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . This is the FREE version of the indicator: https://www.mql5.com/en/market/product/26371 The free version works only on EURUSD and GBPUSD! Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. The provided video
Mad MB I am a Chinese, my English level is not good, if you can understand Chinese, please switch to Chinese, the introduction is more detailed. MadMB EA is based on custom variation of Bands indicator and MA. Ea's profitability is not high, but relatively stable.Every order have stoploss level. The default parameters are applicable to XAUUSD at 5m. it you have any quession you can Leaving a message. This is a preliminary version, the signal is not filtered. I will gradually raise the price of t
The indicator identifies when a divergence occurs between price and an oscillator. It identifies bullish and bearish hidden or regular (classical) divergences. Features Can detect divergences for the following oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI, Awesome (AO), ADX , ATR, OBV, MFI, Momentum and Composite index . Only one oscillator can be selected per chart. Draws solid lines for regular/classical (potential reversal) divergences and dashed lines
Support and Resistance is a very important reference for trading. This indicator provides customized support and resistance levels, automatic draw line and play music functions. In addition to the custom RS, the default RS includes Pivot Point, Fibonacci, integer Price, MA, Bollinger Bands. Pivot Point is a resistance and support system. It has been widely used at froex,stocks, futures, treasury bonds and indexes. It is an effective support resistance analysis system. Fibonacci also known as t
This indicator is based on use of Fibonacci retracement. I use Fibonacci levels for last year, month, week and day for important levels, where market stops and turns. These levels are important Price Action levels and market respect them. I do not use here traditional Fibonacci retracement, where you find high and low of certain period - such as big move up and then you look for price to retrace down and buy on Fibo levels. This indicator finds high and low of last year, month, week and day and
The indicator shows round levels on the chart. They are also called psychological , banking, or levels of major players. At these levels, there is a real fight between bulls and bears, the accumulation of many orders, which leads to increased volatility . The indicator automatically adjusts to any instrument and timeframe. Input parameters Bars Count - Line length in bars Show 00 Levels - On /Off Show 10, 90 Levels - On/Off Show 20, 80 Levels - On /Off Show 30, 70 Levels - On/Off Show 40
This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It implements visua
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
ZigZag_FT 结合了两款优秀指标。 首先是具有可调波浪高度的之字折线 (在代码库中发现)。第二个是比尔威廉姆斯的分形。 这些指标相互补充。之字折线用于检测艾洛特波浪, 而分形显示每个波浪的结构。 之字折线的高度可（也应该）依据指标所处的时间帧进行调整。 "最小射线点数" 参数在不同时间帧里的合适数值列表如下: 时间帧 最小射线点数 M15 21, 或 210 用于 5 位报价 M30 34, 或 340 用于 5 位报价 H1 55, 或 550 用于 5 位报价 H4 89, 或 890 用于 5 位报价 如果您不喜欢它们, 您可以试验其它数值。但是注意图表中选择的之字折线数值，必须要和相应的艾洛特周期匹配。以便您能看到它们。而且分形将显示每个波浪的结构 (您可以计数其构成的子浪)。