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Support Resistance Breakout Indicator

Indicator Overview

This indicator utilizes the Zigzag indicator to identify potential support and resistance levels. When the price action breaks through one of these levels, a trading signal is generated.

How it Works

  1. The Zigzag indicator is employed to pinpoint significant price highs and lows, forming potential support and resistance areas.
  2. A signal is triggered when the current candle closes beyond a previously established support or resistance level.
  3. Traders can consider entering a position at the open of the subsequent candle after the signal is generated.

Important Considerations

  • Signals are based on the closing price of the current candle.
  • Always adhere to a strict money management plan when trading.

Indicator Key Features

  • No repainting
  • No delays
  • No lag
  • Easy to use
  • Low-risk entries
  • No other indicators needed
  • Pop-up, push, and email alerts
  • Works on all symbols and timeframes
  • Can be used in Expert Advisors


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    Georgios Kalomoiropoulos
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    4 (3)
    Indicadores
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    5 (8)
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    Daniel Stein
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    Indicadores
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    Vadym Zhukovskyi
    5 (5)
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    3 (3)
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    5 (1)
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    Double Top And Bottom Indicator
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    Biswarup Banerjee
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    Biswarup Banerjee
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    1 (1)
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    Biswarup Banerjee
    Utilidades
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    Biswarup Banerjee
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    Biswarup Banerjee
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    Biswarup Banerjee
    Asesores Expertos
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    Biswarup Banerjee
    Asesores Expertos
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    Confluence Indicator
    Biswarup Banerjee
    Indicadores
    Confluence Indicator is unique indicator which collects differnt popular indicators and analyzes their data. It decides an overall trend with its strength. It is not only helpful for identifying the the current picture of the market but also helps traders to stay away from non trending market. It maximize the chance of winning by giving an aggregate picuture of markets best reliable technical indicator settings There are total 7 types of signal which this indicator provides. Each candle will sho
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    Versión 2.0 2024.08.10
    sl and tp modification