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Resistance and Support Zones MTF for MT4

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The index automatically plots support and resistance levels (zones) on the graph in different timeframes.

Support-resistance levels are horizontal lines. As a rule, the market does not react to a specific cost degree, but to a range of prices round it
demand and supply of market participants aren’t shaped clearly online, but are ” smeared” at some distance from the level.

The indicator determines and attracts precisely this kind of price range, within which strong sell and buy positions are formed. we’ll call
it the Support-resistance Zone.

You can download the demo version of the indicator here.

  • Data on resistance-support zones are collected from four timeframes (H1, H4, D1 and W1) and analyzed on a single chart.
    timeframe (from M1 to MN).
  • Any operations with zones for quick and convenient analysis: overlay zones from different TF in different combinations, delete, display zones with
    and without filling, display and hide “old”, spent zones that have already been broken.
  • Displaying “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 using the keypad.
  • Sound messages about touch, breakdown, 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-enhances the reversal of the Hammer candlestick patterns/Shooting star, Absorption.
  • It is 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 price’s reaction to approaching important levels (zones) will help determine the direction of future movement (breakout or rebound).
    Do not
    use the first reaction of the price to the level to enter the trade immediately!

    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 TF H1. Necessarily
    wait for the zone to 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
    the old zones will have a corresponding button.

Here
you can download the version for MetaTrader 5

Here
you can download the version for MetaTrader 5

— General settings —

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

— Settings For Support and Resistance Zones —

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

— Settings for “round” levels —

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

— Message Settings —

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

[/spoiler]

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