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Resistance and Support Levels

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Publié: 5 juin 2020

Version actuelle: 2.0

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Resistance and Support Levels

Indicateurs
David Muriithi
Version: 2.0
Mise à jour: 21 juillet 2021

This indicators automatically draws the Support and resistances levels for you once you've dropped it on a chart.

It reduces the hustle of drawing and redrawing these levels every time you analysis prices on a chart. With it, all you have to do is dropped it on a chart, adjust the settings to your liking and let the indicator do the rest.

But wait, it gets better; the indicator is absolutely free!

Get the new and improved version here: https://youtu.be/rTxbPOBu3nY

Parameters

Time-frame -> The indicator should draw the levels using data from which time-frame ?

Number of levels -> How many resistance and support levels you would like on your chart.

If you've used the indicator and have recommendations for improvements to be made in the next version, inbox me or email me (david100muriithi@gmail). Thanks.

plus...

797

gnanos123 2024.10.13 17:55 #

Good IND

morteza ghasemi 2023.04.26 13:06 #

nice work

mr gecko 2022.12.04 01:41 #

Very good

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Calculating the number of lots needed so as to make sure you are risking a specific percent of account balance can be tedious. Luckily, there are websites that make this task a lot easier. This indicator takes things to the next level as it ensures you don’t have to leave the metatrader platform to perform these calculations. The lot-size calculator is a simple calculator that works in all forex currency pairs, BTCUSD, US500, HK50 and XTIUSD. For more free stuff: http://abctrading.xyz

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This indicator is an automated version of the Fibonacci retracement (Fib) indicator. Deciding the best areas to use when drawing the fib can be tricky and this indicator was made with that in mind. When you drop it on the chart it will automatically choose the best points to draw the fib with, but in case you aren't satisfied with those regions, you can adjust it as you wish.

FREE

This indicator uses a different approach from the previous version to get it's trendlines. This method is derived from Orchard Forex, and the process of making the indicator is demonstrated in there video https://www.youtube.com/watch?v=mEaiurw56wY&t=1425s . The basic idea behind this indicator is it draws a tangent line on the highest levels and lowest levels of the bars used for calculation, while ensuring that the lines don't intersect with the bars in review (alittle confusing? I kno

FREE

Having trouble marking where the various forex sessions start and end? Or perhaps your strategy requires you trade only in a specific session, then this is for you. The session indicator shades the session you require in a certain color so that you can identify it easily. The sessions shown include: London session, New York session, Asian Session, Asian - London overlap and London - New York Overlap. Difference source give varying time ranges for the various session, mostly differing by not

FREE

Introducing a powerful MetaTrader 5 Expert Advisor designed to enhance your trading strategy – the Auto Breakeven EA! This feature-rich EA is tailored to bring your stop-loss to breakeven, ensuring a risk-free trade once the market moves in your favor up to a specified price. Explore the full potential of the Auto Breakeven EA. Download it for free now, and find the download link at the bottom of our page. Elevate your trading experience and take control of your risk management strategy. Happy

FREE

Have you ever been in a winning trade and wanted to close say half of position to lock in some profit. Well, this expert advisor does just that for you, and it's absolutely free. What you need to do is set what percentage of your trade you'd like closed and then set the price you like to close at. It that simple. To get a better understanding of how it works, then watch the video below. Note: The EA only works with one timeframe, changing timeframes will result in lose of all data by the E

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There are thousands, if not millions, of strategies on the internet, but only less than 10% work and of those even less have stood the test of time. Very few strategies have successfully weathered the 2008-2009 financial crisis, 2020 covid effects on the markets and all other unforeseen events that have affected the market in the last 2 decades. That being said, the strategy I feature in this episode does just that, the epitome of stability as I’ll show in a 20 year back-test. The source of

FREE

Have you ever wondered which currency is the strongest at any particular time? Or which currency pair is trending the most. Well, the currency strength meter helps with just that. It compares USD , EUR , AUD , CHF , GBP , CAD and NZD depending on the timeline you have chosen in settings, and ranks them on the number of pips each has moved compared to the rest. N/B: All currency charts of the above pairs must have loaded. You can do this by highlighting all major and minor currencies in

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The currency strength momentum has a lot of similarities with currency strength meter presented in the previous page, but the difference are much more pronounced. You can try putting both in the same chart and see the difference in results. Currency strength momentum measures strength of a currency based on (you guess it) it's momentum relative to other currencies, while currency strength meter measures the strength of a currency based on pips it has moved in a certain direction.

FREE

The idea behind this indicator is to find all currency pairs that are over-bought or over-sold according to the RSI indicator at one go. The RSI uses the default period of 14 (this can be changed in the settings) and scans all symbols to find the RSI level you will have specified. Once currency pairs that meet the specification are found, the indicator will open those charts for you incase those charts aren't open and proceed to write the full list of currencies on the experts tab.

FREE

The world of prop firm trading is one filled with tension and excitement in equal measure, and FTMO is definitely the most reputable firm out there. On one hand is the prospect of making huge sums of money and on the other, losing all the money you have invested. The easiest way of the latter scenario occurring is drawdown , and more often than not daily drawdown . It's what keeps us constantly checking our phones, the pain of every traders existence. What if there was a way of makin

FREE

The world of prop firm trading is one filled with tension and excitement in equal measure, and My Forex Funds is on the forefront of bring that world to regular traders. On one hand is the prospect of making huge sums of money and on the other, losing all the money you have invested. The easiest way of the latter scenario occurring is drawdown , and more often than not daily drawdown . It's what keeps us constantly checking our phones, the pain of every traders existence. What if there

FREE

For Meta Trader 4. We have all experienced a situation where the market wipes out our stoploss before it turning in the direction we had anticipated. This is experience becomes more frequent when we use a trailing stoploss. If only there was a way to place and trail the stoploss just the perfect amount of pips away. Well, there is... The Average True Range (ATR) is a one of the most popular technical analysis indicator, introduced by J.Welles Wilder, that measures Market Volatility for a give

30 USD

Every trading guru, every YouTube tutorial, every trading book and every experienced trader tells us to risk a certain predetermined percentage of our account on a trade. (This isn't gambling! They said). But what they don't tell us is the number of computations it takes to balance the calculations of lot size, percentage risk and risk reward ratio all while ensuring the stoploss is the right number of pips away. Enter The Forex Calculator. This Expert adviser is designed to make your trading s

30 USD

For Meta Trader 5. We have all experienced a situation where the market wipes out our stoploss before it turning in the direction we had anticipated. This experience is more frequent when you use a trailing stoploss. If only there was a way to place and trail the stoploss just the perfect amount of pips away. Well, there is... The Average True Range (ATR) is a one of the most popular technical analysis indicator, introduced by J.Welles Wilder, that measures Market Volatility for a given numbe

30 USD

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gnanos123 2024.10.13 17:55 #

Good IND

morteza ghasemi 2023.04.26 13:06 #

nice work

mr gecko 2022.12.04 01:41 #

Very good

aaaahelp 2022.06.27 05:35 #

对内存系统资源消耗很高。

pedro de oliveira 2021.08.29 21:15 #

Good indicator!

ok196380 2021.02.01 12:45 #

It's a great and useful tool for me as a naked chart trader. Quite neat on the chart

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Jesus Torres Parraga 2021.01.23 16:31 #

L'utilisateur n'a laissé aucun commentaire sur la note

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Cristlan Ionut Bobi 2020.11.03 15:12 #

L'utilisateur n'a laissé aucun commentaire sur la note

Version 2.0 2021.07.21

Improve to focus on the most recent support and resistance levels.

Version 1.2 2020.06.21

Updated to work on Gold and Silver Pairs as well.

Version 1.1 2020.06.06

A couple of improvements made including choice of color of Support/Resistance zones and Price Consolidation Regions.