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Smart effective support and resistance levels

Support and Resistance Levels is an intelligent indicator that displays horizontal support and resistance levels, suitable for traders of different trading frequencies. You can select your preferred trading frequency, and the indicator will automatically calculate the support and resistance levels relevant to that frequency. Among these, the Bull-Bear Line is an interval used to distinguish the strength of bullish and bearish forces, and is an important level.

You can combine it with other indicators such as Fibonacci and price action. Buy at support levels, sell at resistance levels, or break through resistance levels to pursue long positions, and break below support levels to pursue short positions. 

However, please note that these positions serve only as entry signals and do not necessarily indicate immediate opening of positions when price reaches these levels.

Parameter explanation:

Trading frequency: Choose according to your trading frequency and habits.

- If you are a short-term trader, looking for intraday opportunities or scalping, prefer to use price action on 1-minute or 5-minute candlestick charts as entry signals, choose Short_term_trader.
- If you are an intraday trader, looking for opportunities within the day and opening positions once or twice daily, prefer to use price action on 15-minute, 30-minute, and 1-hour candlestick charts as entry signals, choose Daily_trader.
- If you are a medium to long-term swing trader, opening positions once or twice weekly, prefer to use price action on 1-hour or 4-hour candlestick charts as entry signals, choose Medium_term_swing_trader.
- If you are a long-term swing trader, opening positions once or twice monthly, prefer to use price action on 4-hour or daily candlestick charts as entry signals, choose Long_term_swing_trader.
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TMA Channel is a price channel obtained through a special calculation method based on traditional TMA . The channel has upper, middle, and lower tracks . When the price approaches or exceeds the upper track, it is already in an overbought state, and attention should be paid to the situation of reversal and decline; When the price approaches or falls below the lower track, it is already in an oversold state, and attention should be paid to the situation of reversal and rise . The indicator will
The SuperTrend MTF indicator is an excellent trend tracking indicator . It can not only display SuperTrend trends within the timeframe of the chart, but also set up to display SuperTrend trends for larger time frames simultaneously . This will be beneficial for grasping trends at a larger time scale and predicting future trends . At the same time, the price of the trend line can also be displayed at a glance, making it easy to observe. Input parameters :  ATR period used at chart timeframe     
TMA Channel is a price channel obtained through a special calculation method based on traditional TMA . The channel has upper, middle, and lower tracks . When the price approaches or exceeds the upper track, it is already in an overbought state, and attention should be paid to the situation of reversal and decline; When the price approaches or falls below the lower track, it is already in an oversold state, and attention should be paid to the situation of reversal and rise . The indicator will d
Volatility Range is an indicator that calculates the range of volatility, predicting key levels such as potential resistance above and potential support below. The indicator can display volatility forecast ranges for the latest 50 days, 10 weeks, or 4 months. By observing these ranges, you can better identify reliable levels where combining with price action enhances trade accuracy significantly. You have the option to fill the rectangle area with color for easier observation, or leave it unfi
Price Action Scanner is an indicator that identifies price behaviors and provides alerts. This indicator can simultaneously detect signals for up to 6 different symbols across various timeframes. By setting a separator, you can add different symbol names and timeframes. The indicator can detect multiple common signal types such as Pinbar, Engulfing Pattern, Inside Bar, Morning Star, Evening Star, Fakey, and display corresponding information in separate subcharts, indicating the direction of th
Price Action Scanner Pro is an indicator that identifies price behaviors and provides alerts, offering more features and customization compared to Price Action Scanner   (  https://www.mql5.com/zh/market/product/118937?source=Site+Profile+Seller   )   . This indicator can simultaneously detect signals for up to 15 symbols across different timeframes. You can configure it to detect signals during specific trading sessions such as Asian, European, and US sessions, using different timeframes. This
Price Action Scanner is an indicator that identifies price behaviors and provides alerts. This indicator can simultaneously detect signals for up to 6 different symbols across various timeframes. By setting a separator, you can add different symbol names and timeframes. The indicator can detect multiple common signal types such as Pinbar, Engulfing Pattern, Inside Bar, Morning Star, Evening Star, Fakey, and display corresponding information in separate subcharts, indicating the direction of th
Price Action Scanner Pro is an indicator that identifies price behaviors and provides alerts, offering more features and customization compared to Price Action Scanner. This indicator can simultaneously detect signals for up to 15 symbols across different timeframes. You can configure it to detect signals during specific trading sessions such as Asian, European, and US sessions, using different timeframes. This allows you to use lower timeframes for active trading periods and higher timeframes
The SuperTrend MTF indicator is an excellent trend tracking indicator . It can not only display SuperTrend trends within the timeframe of the chart, but also set up to display SuperTrend trends for larger time frames simultaneously . This will be beneficial for grasping trends at a larger time scale and predicting future trends . At the same time, the price of the trend line can also be displayed at a glance, making it easy to observe. Input parameters :  ATR period used at chart timeframe   
Support and Resistance Levels is an intelligent indicator that displays horizontal support and resistance levels, suitable for traders of different trading frequencies. You can select your preferred trading frequency, and the indicator will automatically calculate the support and resistance levels relevant to that frequency. Among these, the Bull-Bear Line is an interval used to distinguish the strength of bullish and bearish forces, and is an important level. You can combine it with other ind
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Versión 1.3 2024.11.08
Optimized the display of the bull-bear boundary line information
Versión 1.1 2024.07.19
Optimized text display issues.