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PZ Support Resistance

3.33

Unlock key market insights with automated support and resistance lines

Special Offer: Purchase now to receive free bonuses worth $75! (Read more for details)

Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Boost your technical analysis
  • Customizable timeframe selection
  • Read price levels from the timeframe of your choosing
  • Detect important price levels without browsing through charts
  • Recognize the relative strength of all price levels at a glance
  • Save up to half an hour of plotting lines for every trade
  • The indicator displays the age of all price levels

Price levels are collapsed by proximity and adjusted to the current market action.

  • Price levels get darker and wider as they get rejected over time
  • Unimportant price levels are cleared regularly to avoid noise
  • It implements email/sound/push alerts for breakouts and false breakouts

Input Parameters

  • Timeframe: Choose the period to read price data from. Can be current or higher.
  • Period: Zigzag period used to read price points from. Zero means the indicator will choose the best period.
  • ATR Period: ATR period used to collapse prices by proximity.
  • ATR Multiplier: ATR multiplier used to collapse prices by proximity. A higher value will produce less lines.
  • Max History Bars: Amount of past bars to iterate in the indicator finding prices.
  • Color Settings: Enter your desired colors for support and resistance lines based on importance.
  • Label Settings: Display or hide age labels and customise colors and sizes.
  • Alerts: Enable display/email/push/sound alerts for breakouts and fake breakouts.


Buy today and unlock exclusive bonuses!

    Purchase this indicator now and receive the following bonuses (total value: $89):
    • PZ Supply Demand Indicator (worth $75)

    To claim these bonuses, simply send me a private message. I will provide the bonuses to actual buyers of the indicator. To ensure it is you, please leave a review for the product first, or alternatively, provide the mql5 operation number of your purchase. I'll get back to you with your bonuses as soon as possible.

    The price of this indicator might increase next week!

    We've introduced dynamic pricing for this indicator to reflect its true market value. With each sale, the price increases by $1, rewarding early buyers. If no sales occur within a week, the price resets to the original rate, with prices updated every Monday. This model lets the market decide the product's value, but there’s always a chance to grab your desired tools at a cheaper price if you prefer to wait.


    Author

    Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

    Reviews 4
    alisabar
    444
    alisabar 2016.05.24 13:36 
     

    At D1 it works quite well.

    gmackinnon
    141
    gmackinnon 2015.08.25 19:06 
     

    Very useful indicator.

    Works well if you follow the instructions on the website.

    Monthly levels and higher are very clear support resistance areas.

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    Filter:
    alisabar
    444
    alisabar 2016.05.24 13:36 
     

    At D1 it works quite well.

    PZ TRADING SLU
    797943
    Reply from developer Arturo Lopez Perez 2021.04.28 02:01
    Many thanks.
    gmackinnon
    141
    gmackinnon 2015.08.25 19:06 
     

    Very useful indicator.

    Works well if you follow the instructions on the website.

    Monthly levels and higher are very clear support resistance areas.

    PZ TRADING SLU
    797943
    Reply from developer Arturo Lopez Perez 2021.04.28 02:01
    Many thanks.
    pvanam46
    21
    pvanam46 2015.04.17 20:29 
     

    Excellent indicator giving support and resistance levels at a glance. Well worth the money

    PZ TRADING SLU
    797943
    Reply from developer Arturo Lopez Perez 2021.04.28 02:02
    Many thanks.
    Happy Mans World
    1442
    Happy Mans World 2014.12.26 17:47 
     

    Average SR Indicator, and not worth the money paid for it.

    PZ TRADING SLU
    797943
    Reply from developer Arturo Lopez Perez 2021.04.28 01:59
    Please update. I hope this update is worth a better review.
    Reply to review
    Version 7.0 2024.07.19
    Housekeepig update
    Version 6.4 2021.04.28
    - Improved alerts
    Version 6.2 2021.04.28
    - Small improvements.
    Version 6.0 2021.04.28
    - Improved level detection
    - Improved grouping by atr
    - Improved inputs
    Version 4.2 2020.10.20
    Recompiled with minor changes
    Version 4.0 2017.02.10
    - Simplified inputs
    - Changed to horizontal lines instead of trend lines
    Version 3.0 2016.05.25
    - Added timeframe selection
    - Added a free collapse factor value
    - Added peak to valley ratio

    Now you can see SR lines from higher timeframes in lower ones.
    Version 1.2 2014.10.07
    New feature: the indicator now displays the age of every support and resistance line with daily granularity. This is especially useful in small timeframes.
    Version 1.1 2014.02.17
    Important bug fixed that arised after MT4 buil 600 update.
    The indicator crashed on W1 and MN1 charts.