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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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    Bernhard Schweigert
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    Daniel Stein
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    Bogdan Ion Puscasu
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    Juvenille Emperor Limited
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    Barend Paul Stander
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    Young Ho Seo
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    Kwaku Bondzie Ghartey
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    Reza Aghajanpour
    5 (5)
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    Biswarup Banerjee
    5 (1)
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    Biswarup Banerjee
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    Biswarup Banerjee
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    Biswarup Banerjee
    Uzman Danışmanlar
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    Biswarup Banerjee
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    Biswarup Banerjee
    Yardımcı programlar
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    Biswarup Banerjee
    Yardımcı programlar
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    2 (1)
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    Biswarup Banerjee
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    Biswarup Banerjee
    3 (3)
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    Biswarup Banerjee
    Göstergeler
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    Biswarup Banerjee
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    Biswarup Banerjee
    Göstergeler
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    Biswarup Banerjee
    Göstergeler
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    Biswarup Banerjee
    Uzman Danışmanlar
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    Biswarup Banerjee
    Yardımcı programlar
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    Big Movement Indicator
    Biswarup Banerjee
    Göstergeler
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    Biswarup Banerjee
    5 (1)
    Yardımcı programlar
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    Biswarup Banerjee
    Göstergeler
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    FREE
    Telegram Singal Sender MT5
    Biswarup Banerjee
    Yardımcı programlar
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    Volume Oscilator Indicator
    Biswarup Banerjee
    Göstergeler
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    Biswarup Banerjee
    1 (1)
    Göstergeler
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    Biswarup Banerjee
    Yardımcı programlar
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    Biswarup Banerjee
    Yardımcı programlar
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    FREE
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    Biswarup Banerjee
    Göstergeler
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    Biswarup Banerjee
    Uzman Danışmanlar
    Description This Expert Advisor mainly works on range breakout on a particular timeframe. The logic behind the this pretty simple. When a range is formed in any time frame (e.g. the range should be less than 20 pips and there must be atleast 30 candle in that range), this ea will wait for the range to be broken out on any direction. If the range is broken on the upper side it will enter into the buy position and hedge the lower ragne with sell position(Could be martingale multiplied lots). If
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    Biswarup Banerjee
    Uzman Danışmanlar
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    Biswarup Banerjee
    Göstergeler
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