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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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    Indicadores
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    Blahtech Limited
    4.54 (13)
    Indicadores
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    4.6 (15)
    Indicadores
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    3 (5)
    Indicadores
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    Daniel Stein
    4.17 (6)
    Indicadores
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    Bogdan Ion Puscasu
    4.71 (49)
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    5 (1)
    Indicadores
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    Franck Martin
    4.33 (6)
    Indicadores
    Easy By Sell is a market indicator for opening and closing positions. It becomes easy to track market entries with alerts. It indicates trend reversal points when a price reaches extreme values ​​and the most favorable time to enter the market. it is as effective as a Fibonacci to find a level but it uses different tools such as an algorithm based on ATR indicators and Stochastic Oscillator. You can modify these two parameters as you wish to adapt the settings to the desired period. My othe
    Golden Spike Premium
    Kwaku Bondzie Ghartey
    Indicadores
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    Reza Aghajanpour
    5 (19)
    Indicadores
    ** All Symbols x All Timeframes scan just by pressing scanner button ** *** Contact me  to send you instruction and add you in "123 scanner group" for sharing or seeing experiences with other users. After 17 years of experience in the markets and programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Interestingly, this Winner in
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    Taras Slobodyanik
    5 (10)
    Indicadores
    Indicador ZigZag de múltiples marcos temporales. Muestra las líneas horizontales de soporte/resistencia y sus rupturas, además de dibujar los objetivos actuales del mercado. También puede mostrar líneas del indicador Fractales y velas de otros períodos (hasta Trimestral). El indicador vuelve a dibujar el último punto (actual) y, en algunos casos, puede cambiar los últimos 2 o 3 puntos. Todas las líneas están dibujadas como objetos (no como buffers de indicadores, pero existe la posibilidad
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    Versión 2.0 2024.08.10
    sl and tp modification