Market / MetaTrader 4 / Indicators /

Basic Support and Resistance

65 USD

Demo downloaded: 9

Published: 26 May 2024

Current version: 1.10

Basic Support and Resistance

Indicators
Mehran Sepah Mansoor
Version: 1.10
Updated: 2 June 2024
Activations: 10

Our Basic Support and Resistance indicator is the solution you need to boost your technical analysis. This indicator allows you to project support and resistance levels on the chart / MT5 Version

Features

Integration of Fibonacci Levels:

With the option to display Fibonacci levels alongside support and resistance levels, our indicator gives you an even deeper insight into market behavior and possible reversal areas.

Performance Optimization:

With the option to update extended lines only at the opening of each bar, our indicator ensures optimal performance without sacrificing the accuracy of support and resistance levels.

Inputs

Main Settings

Timeframe: Through this input, you can choose to display the support and resistance lines of higher time frames on the chart.
Support/Resistance Strength [Number of Bars]: Using this input, you can determine the strength of supports and resistances. The higher the number, the stronger the support/resistance will be shown.
Price mode: This parameter allows you to choose which type of price will be used to calculate the support and resistance levels. It can be the closing price, the maximum price, the minimum price, etc. Depending on your strategy and preferences, you can choose the price that best suits your needs.

Display Settings

Display Fibonacci levels: This parameter determines whether Fibonacci levels will be displayed along with support and resistance levels on the chart. Fibonacci levels are key levels used in technical analysis and are calculated using the Fibonacci sequence.
Number extends from prev. Support/resistance: This parameter determines how many levels will extend from the previous support and resistance levels. For example, if you set it to 2, the indicator will draw two additional levels above and below the previous support and resistance levels.
Update extend lines only at the opening of the bar: This parameter controls when the extended lines drawn from support and resistance levels will be updated. If enabled, the lines will be updated only at the start of a new bar on the chart.
Max Bars: The maximum number of candles to perform calculations and display support and resistance lines.

Alert Settings

Pop-up alert: alert to the MT4 terminal
Email alert: email alert
Push notification alert: alert to phone

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Our Basic Candlestick Patterns indicator makes identifying major candlestick patterns easier than ever. Discover patterns such as the Hammer, the Evening Star, the Three White Soldiers and many more with just a glance at your chart. With an intuitive interface and clear visual cues, our indicator helps you identify trading opportunities quickly and accurately / MT5 version Dashboard Scanner for this indicator: ( Basic Candlestick Patterns Dashboard ) Features Accuracy : Automatically identif

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The Basic Renko indicator is a powerful tool for traders looking for a clear and concise market perspective. Our indicator not only simplifies trend visualization, but also offers accurate alerts for reversals, providing a strategic edge in your trading / Free MT5 Version Features Fully Customizable: Tailor the indicator to your business preferences with advanced customization options. From colors to box size settings, you have full control over how information is displayed on your cha

FREE

Our innovative Basic Candlestick Patterns Dashboard is specifically designed to identify profitable candlestick patterns on the chart automatically. This dashboard uses advanced algorithms to scan price charts in real time and detect a wide range of candlestick patterns, from classic to complex. In addition, it has an easy-to-use interface that allows you to visualize the detected patterns on different time frames, making it easy to make informed decisions / MT4 version Free indicator: B

85 USD

Optimize your trading decisions with our market strength and sentiment indicator and no longer trade against the trend! Meticulously designed for serious traders who value accurate and timely information, our indicator provides a bird's-eye view of the 28 major pairs in a very simple way. This tool is able to rank the currency pairs based on terms of popularity, bullish or bearish trend strength and percentage of buyers and sellers / MT4 version . Features Real-Time Trend Strength: Get an

99 USD

Basic supply demand indicator is a powerful tool designed to enhance your market analysis and help you identify key areas of opportunity on any chart. With an intuitive and easy-to-use interface, this free Metatrader indicator gives you a clear view of supply and demand zones, allowing you to make more informed and accurate trading decisions / Free MT5 version Dashboard Scanner for this indicator: ( Basic Supply Demand Dashboard ) Features The indicator automatically scans the chart fo

FREE

This powerful tool automatically identifies trend lines, helping you streamline your trading strategy and make more informed decisions. MT5 Version Key Features Automatic Trend Line Detection : The "Basic TrendLine" indicator scans the market for potential trend lines and displays them on your chart instantly. This saves you valuable time and ensures you never miss an important trend. User-Friendly Panel : Our indicator comes with a beautiful, intuitive panel that allows you to easily draw a

45 USD

Basic Theme Builder: Simplify Your Chart Customization Transform your trading experience with the Basic Theme Builder indicator, a versatile tool designed to streamline the customization of your chart's appearance on MetaTrader 5. This intuitive indicator offers a user-friendly panel that enables you to effortlessly switch between various themes and color schemes, enhancing both the visual appeal and functionality of your trading environment. Free MT4 version The Basic Theme Builder indicator i

FREE

This dashboard discovers and displays the Supply and Demand zones on the chart, both in scalping and long term mode, depending on your trading strategy for the selected symbols. In addition, the scanner mode of the dashboard helps you to check all desired symbols at a glance and not to miss any suitable positions / MT5 version Free indicator: Basic Supply Demand Features Allows you to view trading opportunities on multiple currency pairs , giving you a clear and concise view of all pairs,

99 USD

This powerful tool automatically identifies trend lines, helping you streamline your trading strategy and make more informed decisions. MT4 Version Key Features Automatic Trend Line Detection : The "Basic TrendLine" indicator scans the market for potential trend lines and displays them on your chart instantly. This saves you valuable time and ensures you never miss an important trend. User-Friendly Panel : Our indicator comes with a beautiful, intuitive panel that allows you to easily draw a

45 USD

Discover the power of volume analysis with our volume profile indicator for Metatrader! / MT4 Version Basic Volume Profile is an indicator specifically designed for manual traders looking to optimize their trading. The Volume Profile Indicator is an essential tool for any serious trader looking to better understand market behavior. With our innovative solution you can clearly and concisely visualize how trading volume is distributed across prices. This allows you to identify key areas of

45 USD

Our Basic Support and Resistance indicator is the solution you need to boost your technical analysis. This indicator allows you to project support and resistance levels on the chart / MT4 Version Features Integration of Fibonacci Levels: With the option to display Fibonacci levels alongside support and resistance levels, our indicator gives you an even deeper insight into market behavior and possible reversal areas. Performance Optimization: With the option to update extended lines

65 USD

Basic Theme Builder: Simplify Your Chart Customization Transform your trading experience with the Basic Theme Builder indicator, a versatile tool designed to streamline the customization of your chart's appearance on MetaTrader 4. This intuitive indicator offers a user-friendly panel that enables you to effortlessly switch between various themes and color schemes, enhancing both the visual appeal and functionality of your trading environment. Free MT5 version The Basic Theme Builder in

FREE

Discover the power of volume analysis with our volume profile indicator for Metatrader! / MT5 Version Basic Volume Profile is an indicator specifically designed for manual traders looking to optimize their trading. The Volume Profile Indicator is an essential tool for any serious trader looking to better understand market behavior. With our innovative solution you can clearly and concisely visualize how trading volume is distributed across prices. This allows you to identify key areas of inte

45 USD

Optimize your trading decisions with our market strength and sentiment indicator and no longer trade against the trend! Meticulously designed for serious traders who value accurate and timely information, our indicator provides a bird's-eye view of the 28 major pairs in a very simple way. This tool is able to rank the currency pairs based on terms of popularity, bullish or bearish trend strength and percentage of buyers and sellers / MT5 version . Features Real-Time Trend Strength: Get an acc

99 USD

85 USD

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Version 1.10 2024.06.02

- New settings for continuation of support and resistance lines after breaking to a certain level