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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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    Bogdan Ion Puscasu
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    Indicateurs
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    InvestSoft
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    Indicateurs
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    Juvenille Emperor Limited
    5 (14)
    Indicateurs
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    Sergei Linskii
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    Georgios Kalomoiropoulos
    Indicateurs
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    Barend Paul Stander
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    Indicateurs
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    Young Ho Seo
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    Indicateurs
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    Kwaku Bondzie Ghartey
    Indicateurs
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    Reza Aghajanpour
    5 (5)
    Indicateurs
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    Biswarup Banerjee
    5 (2)
    Indicateurs
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    3.77 (13)
    Utilitaires
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    Biswarup Banerjee
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    Brilliant Reversal Indicator for MetaTrader 5 - Your Ultimate Alert-Driven Trading Solution Unlock unparalleled trading success with the "Brilliant Reversal Indicator" tailored for MetaTrader 5. This powerful tool has been meticulously designed to empower traders by identifying critical reversal opportunities with lightning-fast alerts. Key Features: Precise Reversal Detection: The Brilliant Reversal Indicator for MT5 specializes in pinpointing potential trend reversals, providing you with a str
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    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    Experts
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    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    Utilitaires
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    Biswarup Banerjee
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    Biswarup Banerjee
    3 (3)
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    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    Indicateurs
    Super Trend Indicator for MetaTrader 5 - Elevate Your Trading Precision Experience the future of trading with the "Super Trend Indicator" designed for MetaTrader 5. This versatile tool is your key to precise market analysis, providing insights into potential trend directions that enhance your trading decisions. Basic Details : Indicator Type : Super Trend Indicator for MetaTrader 5 Key Metrics : Real-time analysis of market trends using a proprietary algorithm. Customization : Fully customizable
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    Biswarup Banerjee
    Experts
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    Biswarup Banerjee
    Utilitaires
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    Big Movement Indicator
    Biswarup Banerjee
    Indicateurs
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    5 (1)
    Utilitaires
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    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    Utilitaires
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    Volume Oscilator Indicator
    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    1 (1)
    Indicateurs
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    Biswarup Banerjee
    Utilitaires
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    Biswarup Banerjee
    Utilitaires
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    Biswarup Banerjee
    Indicateurs
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    Biswarup Banerjee
    Experts
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    Biswarup Banerjee
    Experts
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    Confluence Indicator
    Biswarup Banerjee
    Indicateurs
    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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    Version 2.0 2024.08.10
    sl and tp modification