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Better Support Resistance

4.4

Better Support & Resistance shows the best support and resistance lines and zones. It is based on Fractals with the factor of your choice. All fractals are assembled, weighted, extended and merged into a clear set of support and resistance lines. The immediate nearby lines are shown as zones when price is in that zone.

Better Support & Resistance gives you the best overview of the important price levels.


Settings

Better Support & Resistance's default settings are good enough most of the time. Nearly all of them are fairly standard. Here are the ones that need some explanation.

  • Fractal factor (2..10) - set this to the factor for the Fractals, minimum is 2, maximum is 10. The higher the number, the deeper the Fractal. Play with this.
  • Timeframe - you know what this is. Set to the timeframe for which to show the Support & Resistance.
  • Color Palette - set to 'Dark' or 'Light', whatever your preference is. 'Come to the Dark Side, Luke'.
  • Colors - you know what to do.


Display

  1. The Fractals are shown as a circle with the Factor number in it.
  2. Support and Resistance are shown by lines starting at or near the defining Fractal. A line can be the result of extending and merging several other lines.
  3. The high and low of the nearest Support and Resistance zones are shown as a dotted horizontal line.
  4. A colored zone is displayed if price is in that zone. This signals a possible reversal.

Better Support & Resistance is an invaluable tool to shine a light on possible reversal zones.

Do not hesitate to contact me. Let me know what you think of Better Support & Resistance. Only with your help, I can create better tools for MT4.

Comentarios 5
Fallet Willy
2716
Fallet Willy 2019.03.28 17:23 
 

nice

cvdestyfx
2702
cvdestyfx 2018.04.19 18:55 
 

By far the best support and resistance indicator I have ever used.

sunshinetrade
72
sunshinetrade 2016.12.23 19:19 
 

Using this with MonsterDash, just awesome, great job :)

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Sukunthakan Ngernbamrung
Indicadores
Connect Indicator is a tool used for connecting indicators between the MQL market and MT4. The connected indicators are made by our group and can be used for other applications, such as sending messages to the Line application or Telegram application. If you have any questions, please don't hesitate to ask us to receive support. Function and indicator buffer Buffer one is the high price of the previous candle. Buffer two is the high price of the previous candle. Usage To connect indicators to fu
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Michela Russo
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Indicadores
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Alfred Todd
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Indicadores
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Bernhard Schweigert
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Indicadores
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Bernhard Schweigert
4.8 (20)
Indicadores
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Alexandr Lapin
5 (5)
Indicadores
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Mohamed Hassan
5 (4)
Indicadores
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Indicadores
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Ahmet Aktas
61
Ahmet Aktas 2020.01.29 08:16 
 

Nice indicator, but it does not refresh itself. Lines stay at the last point unless you refresh the indicator manually.

Fallet Willy
2716
Fallet Willy 2019.03.28 17:23 
 

nice

cvdestyfx
2702
cvdestyfx 2018.04.19 18:55 
 

By far the best support and resistance indicator I have ever used.

sunshinetrade
72
sunshinetrade 2016.12.23 19:19 
 

Using this with MonsterDash, just awesome, great job :)

darktideac2
247
darktideac2 2016.04.08 11:23 
 

Really great tool - I am using it in combination with the harmonic pattern indicator, and it work out very well.

Respuesta al comentario
Versión 1.1 2020.03.28
Upgraded to MT4 build 1220