Technical Indicators for MetaTrader 5

Here you will find many programs for the MetaTrader 5 trading platform, which save the trader from routine operations and help him concentrate only on the really important things

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MetaTrader 5

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PZ Support Resistance MT5

pz-support-resistance-mt5-logo-200x200-5807
149.00 USD105.79 USD

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Information

Indicators
MetaTrader 5
PZ TRADING SLU
6.7
100

Overview

Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Boost your technical analysis
  • Customizable timeframe selection
  • Read price levels from the timeframe of your choosing
  • Detect important price levels without browsing through charts
  • Recognize the relative strength of all price levels at a glance
  • Save up to half an hour of plotting lines for every trade
  • The indicator displays the age of all price levels

Price levels are collapsed by proximity and adjusted to the current market action.

  • Price levels get darker and wider as they get rejected over time
  • Unimportant price levels are cleared regularly to avoid noise
  • It implements email/sound/push alerts for breakouts and false breakouts

Input Parameters

  • Timeframe: Choose the period to read price data from. Can be current or higher.
  • Period: Zigzag period used to read price points from. Zero means the indicator will choose the best period.
  • ATR Period: ATR period used to collapse prices by proximity.
  • ATR Multiplier: ATR multiplier used to collapse prices by proximity. A higher value will produce less lines.
  • Max History Bars: Amount of past bars to iterate in the indicator finding prices.
  • Color Settings: Enter your desired colors for support and resistance lines based on importance.
  • Label Settings: Display or hide age labels and customise colors and sizes.
  • Alerts: Enable display/email/push/sound alerts for breakouts and fake breakouts.

Support and questions

Use the helpdesk for questions or timely support. Write an email to: This email address is being protected from spambots. You need JavaScript enabled to view it.

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.


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RISK WARNING: fx-market.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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