AdvancedMetaTrader 5 • MQL5
Auto Support & Resistance Indicator for MetaTrader 5
Automatically draw and update key support and resistance levels
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About This Indicator
Automatically identifies and draws significant support and resistance zones by detecting pivot highs and lows. Levels grow thicker when tested multiple times, giving visual weight to the most important price areas. Alerts fire when price approaches a key level.
Key Features
- Auto-detect pivot high and low levels
- Line thickness increases with number of tests
- Color coding: green support, red resistance
- Alert when price approaches a key level
- Configurable pivot lookback and zone width
Frequently Asked Questions
How does the indicator know where support is?
It identifies pivot points where price reversed and draws horizontal lines. The more times price respects a level, the more significant it becomes.
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