Auto Support & Resistance Zones Indicator for MT4

Auto Support & Resistance Zones indicator was created because i never found a program that showed support and resistance levels with the highest accuracy. The software itself will show you not only horizontal lines (support, resistance), but also UPWARD sloping ones which are very important in forex trading .

If you’re a day trader, swing trader or position trader who trades stocks, commodities, currencies and/or futures markets then you need to know about this indicator.

Automatic Support and Resistance Lines MT5

The Auto Support & Resistance Zones Indicator is an easy-to-use technical analysis tool that helps traders identify support and resistance zones in their charts with the click of a button. This will give your trading more clarity by alerting you when it’s time to buy or sell. It also can help warn you when it’s too late for action.

This indicator is currently only available on PC platforms but we are working hard at developing one for Macs as well!

Auto Support & Resistance Zones Indicator is a new indicator developed by an independent trader dynamic channel. The Auto Support & Resistance Zones Indicator allows the user to set trading alerts for key support and resistance levels, which will notify them when these levels are reached. This can be used to optimize trade opportunities or avoid potential losses.

Best Support and Resistance Indicator MT4

For this indicator to work properly, you need to follow some guidelines: 

1. You can use ATR(14) or ADX(14) indicators – it doesn’t matter. Select one of them and add it on your chart. If you don’t have any indicators on your chart, select “No_indicators” in the dropdown menu for ‘HZ Timeframes’.
2. You must timeframes 15min OHLC candles indicators (1min candles minimum). This is required because the indicator uses candles, not OHLC bars(!)
3. If you see that this indicator isn’t drawing any lines, go to ‘Tick_Smoothing’ parameter and set it to 1 or 2. That should help.
4. Select “No_HZ_Trend” in the dropdown menu for ‘HZ Timeframes‘.
5. When using ATR(14), set the period 22-25.
6. I don’t recommend using Bollinger bands with this indicator; its better suited for fixed support&resistance levels.
7. HAVE FUN Auto Support & Resistance Zones Indicator Parameters: SUPPORT_LEVELS = 0 RANGE = 10 SUPPORT_LEVELS_DRAW = true RESISTANCE_LEVELS = 0 RANGE = 10 RESITANCE_LEVELS_DRAW = true HZ_TIMEFRAMES = 15min #minutes HZ_ENUM_MAIN MODE = Candle BARSUPPORT DRAWMODE AND LEVEL TYPE AND PERIOD = Close CROSSUP 1 CROSSDOWN 1 CROSSESIGNAL UP HIGH BID 1 CROSSESIGNAL DOWN LOW ASK 1 TICKSNR is smoothing parameter for the indicator.
8. Values from 0 to 2 WORK BEST. When using ADX(14), set the period 25-30. You can also use Range Bar Indicator Auto Support & Resistance Zones Indicator for binary options trading, but only on the highest timeframes.

FOR THIS INDICATOR TO WORK PROPERLY YOU NEED TO FOLLOW THE INSTRUCTIONS BELOW:

1) You can use ATR(14) or ADX in forex trading .

Auto Support & Resistance Zones Indicator Download free

Enjoy and good luck!

Auto Support & Resistance Zones Indicator was created because i never found a program that showed support and resistance levels with the highest accuracy. The software itself will show you not only horizontal lines (support, resistance), but also UPWARD sloping ones which are very important in forex trading .