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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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    Blahtech Limited
    4.54 (13)
    Indicatori
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    Barend Paul Stander
    4.6 (15)
    Indicatori
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    PZ TRADING SLU
    3 (5)
    Indicatori
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    Daniel Stein
    4.17 (6)
    Indicatori
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    Bogdan Ion Puscasu
    4.71 (49)
    Indicatori
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    Thapelo Kapwe
    5 (1)
    Indicatori
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    Franck Martin
    4.33 (6)
    Indicatori
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    Kwaku Bondzie Ghartey
    Indicatori
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    Reza Aghajanpour
    5 (19)
    Indicatori
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    Taras Slobodyanik
    5 (10)
    Indicatori
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    Biswarup Banerjee
    Experts
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    Biswarup Banerjee
    Experts
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    Biswarup Banerjee
    5 (2)
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    Biswarup Banerjee
    5 (1)
    Indicatori
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    5 (1)
    Utilità
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    Biswarup Banerjee
    Indicatori
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    Biswarup Banerjee
    Indicatori
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    Biswarup Banerjee
    Indicatori
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    Biswarup Banerjee
    Utilità
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    Utilità
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    Biswarup Banerjee
    Indicatori
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    2 (2)
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    Biswarup Banerjee
    4.5 (2)
    Experts
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    Biswarup Banerjee
    Utilità
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    Biswarup Banerjee
    Utilità
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    Biswarup Banerjee
    Indicatori
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    Biswarup Banerjee
    2 (1)
    Utilità
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    Biswarup Banerjee
    Indicatori
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    Biswarup Banerjee
    Experts
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    Biswarup Banerjee
    Experts
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    Biswarup Banerjee
    Experts
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    Biswarup Banerjee
    Indicatori
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    Biswarup Banerjee
    Indicatori
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    Biswarup Banerjee
    Indicatori
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    Angle of Moving Average
    Biswarup Banerjee
    Indicatori
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    Day and Week Separator
    Biswarup Banerjee
    Indicatori
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    STM Trade Panel
    Biswarup Banerjee
    Utilità
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    Biswarup Banerjee
    1 (1)
    Indicatori
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    Versione 2.0 2024.08.10
    sl and tp modification