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Resistance and Support Zones for MT5 Demo

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that the index automatically plots support and resistance amounts (zones) on the chart from different timeframes.

Support-resistance levels are horizontal lines. As a guideline, the market doesn’t react to a specific cost level, but to a selection of prices round it
the demand and supply of market participants are not formed clearly online, but are ” smeared” at a certain distance from the level

The indicator determines and attracts precisely such a price range, within which powerful sell and buy positions are formed. we will call
it the Support-Resistance Zone.

This is a demonstration version of the indicator. it’s fully functional only on NZDUSD and does not work on other tools


You can purchase the full version of the indicator here

This is a demonstration version of the indicator. it’s fully functional only on NZDUSD and does not work on other tools

You can purchase the full version of the indicator here

  • Data on the resistance-support zones is collected from four timeframes (H1, H4, D1 and W1) and analyzed on a single chart of any
    timeframe (from M1 to MN)
  • Any operations with zones for quick and convenient analysis: superimposing zones from different TF in different combinations, deleting, displaying zones with
    and without filling, displaying and hiding “old”, used zones that have already been broken through
  • Display of “round” psychological levels of the form 1.30000 and 1.31000. It is possible to display intermediate levels of the form 1.31500
  • Quick and easy one-click operation with the push-button panel
  • Audio messages about touch, breakdown, and rebound from the zone. Sending to E-mail and Push messages is supported

[spoiler title=”Read More…”]

See the video: https://youtu.be/oMVzHwHm5Hw

The indicator is absolutely necessary for any trading strategy:

  • With its help, it is easy to determine where to fix the profit and set the Stop-loss level
  • It will increase the reliability of opening a position from any signal:
    • Open a trade on the signal that was formed after a rebound from a strong support-resistance zone-the probability of receiving
      profits will increase many times

    • Close the trade at the nearest border of the opposite zone
  • Perfectly complements the candlestick analysis-strengthens the Hammer reversal candlestick patterns/Shooting star, the Absorption
  • Perfectly combined with other Price Action elements: Pin bar, External bar, Pattern-123
  • Open a trade on the signal that was formed after a rebound from a strong support-resistance zone-the probability of receiving
    profits will increase many times

  • Close the trade at the nearest border of the opposite zone

To automatically detect the-123 pattern, you can use a special indicator
“Pattern-123”
– the combined use of both indicators brings excellent results in trading!

To automatically detect the-123 pattern, you can use a special indicator
“Pattern-123”
– the combined use of both indicators brings excellent results in trading!

  • The larger the TF shows support and resistance zones, the stronger they are
  • The coincidence of zones from several timeframes increases the probability of a rebound from this price range (to display zones from different TF at the same time,
    the “Save ” button must be pressed)
  • The reaction of the price to the approach to important levels (zones) will help determine the direction of the future movement (breakdown or rebound)
    Do not
    use the first reaction of the price to the level to immediately enter the trade!

    This may be a minor correction, after
    where the price will break through the zone and the old trend will continue. This is especially common in the weaker zones of the H1 TF. Necessarily
    wait for the zone retest
  • The price can react not only to the current active zones, but also to the old ones that were broken earlier. To enable the display
    old zones have a corresponding button

Here
you can download the version for MetaTrader 4

Here
you can download the version for MetaTrader 4

— General Settings —

  • Control Panel corner-the snap angle of the control panel
  • Number of bars for calculation – the number of bars for calculating support and resistance Zones

— Support-Resistance Zone Settings —

  • Support Color H1-H4 (D1-W1) – Colors of the Support Zones from the H1-H4 (and D1-W1) timeframes)
  • Resistance Color H1-H4 (D1-W1) – Colors of the Resistance Zones from the H1-H4 (and D1-W1) timeframes)
  • How many days to show Broken Zones – the number of days since breaking through the “old” Zones to display them
  • Broken Zones Color – The Color of the ” old ” Zones

— Settings for “round” levels —

  • Round Levels Color – The color of” round ” levels of type 1.31000
  • Round Levels Width – The width of the “round” levels
  • Half Levels Color – The color of the “half” levels of type 1.31500
  • Half Levels Style-The style of displaying “half” levels

— Message Settings —

  • ON/OFF-Alert – on. messages in the terminal when signals occur ( sound)
  • ON/OFF-Mail – on. E-mail messages
  • ON/OFF-Push – enables push messages to mobile devices

[/spoiler]

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