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PZ Support Resistance MT5

4.17

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: $75):
    • 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 7
    Kevin D
    151
    Kevin D 2024.08.17 20:24 
     

    I have bought multiple products from PZ over the past 14 years, they are always well coded and you get excellent support. I had bought the MT4 version of this indicator a number of years ago, with now having transitioned to using MT5, I was missing having this in my charts. I did start having an Mt4 and MT5 platform open, so I could still see the indiactor running and the levels on the charts, then I tried some other S&R indicators, but they don't show the age of the support and/or resistance lines, which is what I really missed. Have a look at the screen shots and you will see on the far right the age, this is really helpful in knowing if you are looking at a new S&R line, or one that has been holding for a long time. I use it on a M5 chart these days, and leave the setting on current, but you can set it to daily if you want to see the larger timeframe lines. If you do this, you will see D1 in text on the S&R line, even if you are looking at and on an M5 chart which is really helpful.

    Taffylola
    313
    Taffylola 2019.07.23 05:12 
     

    Easy to use and accurate product love it. Great support. Highly recommend

    hemmanuel
    139
    hemmanuel 2015.04.06 23:31 
     

    Fantastic indicator.

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    Kevin D
    151
    Kevin D 2024.08.17 20:24 
     

    I have bought multiple products from PZ over the past 14 years, they are always well coded and you get excellent support. I had bought the MT4 version of this indicator a number of years ago, with now having transitioned to using MT5, I was missing having this in my charts. I did start having an Mt4 and MT5 platform open, so I could still see the indiactor running and the levels on the charts, then I tried some other S&R indicators, but they don't show the age of the support and/or resistance lines, which is what I really missed. Have a look at the screen shots and you will see on the far right the age, this is really helpful in knowing if you are looking at a new S&R line, or one that has been holding for a long time. I use it on a M5 chart these days, and leave the setting on current, but you can set it to daily if you want to see the larger timeframe lines. If you do this, you will see D1 in text on the S&R line, even if you are looking at and on an M5 chart which is really helpful.

    Andres.Morelo
    129
    Andres.Morelo 2022.07.17 15:28 
     

    Worst indicator I've ever tried

    PZ TRADING SLU
    797133
    Reply from developer Arturo Lopez Perez 2022.08.28 13:46
    Thanks for your review.
    3015369
    149
    3015369 2021.01.16 15:45 
     

    User didn't leave any comment to the rating

    PZ TRADING SLU
    797133
    Reply from developer Arturo Lopez Perez 2021.05.08 17:36
    I have updated the indicator today. I hope this version earns a better judgement. Thanks.
    loveday iyalla
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    loveday iyalla 2020.07.26 15:53 
     

    One of my favorite tool. I recommend .

    Taffylola
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    Taffylola 2019.07.23 05:12 
     

    Easy to use and accurate product love it. Great support. Highly recommend

    hemmanuel
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    hemmanuel 2015.04.06 23:31 
     

    Fantastic indicator.

    Giovanni Pascoli
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    Giovanni Pascoli 2014.04.08 18:40 
     

    It is an Excellent indicator.

    Reply to review
    Version 7.0 2024.07.19
    Housekeeping update
    Version 6.7 2022.01.31
    - Recompiled
    Version 6.6 2021.07.11
    - Bug fix in alert inputs
    Version 6.5 2021.05.08
    - Improved level detection
    - Improved grouping by atr
    - Improved inputs
    Version 4.2 2020.10.21
    Recompiled