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The indicator automatically plots support and resistance levels (zones) on the chart from different timeframes.

Support-resistance levels are horizontal lines. As a rule, the market does not react to a specific price level, but to a range of prices around it
level, because the supply and demand of market participants are not formed clearly on the line, but are ” smeared” at some distance from the level
The indicator
determines and draws exactly such a price range, within which strong sell and buy positions are formed. We’ll call it
Area of support and resistance

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
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, 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 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 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 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
    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 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 —

  • Scale of Round Levels – Scale of round levels (automatic calculation or set manually)
  • 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. messages in the terminal when signals occur ( sound)
  • ON/OFF-Mail – on. e-mail messages
  • ON/OFF-Push – enable push messages to mobile devices

Our Useful Features & Services

Published

02 December 2019

Updated

05 October 2020

Current Version

12.0

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Ilya Krasheninnikov January 12, 2021 1:37 pm
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I installed it two days ago, but it seems to me that this is something brilliant! Thanks!

josl January 12, 2021 1:34 pm
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must have indicator

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