Support and Resistance Indicator for MT4/MT5/cTrader - Free
Sign in to saveThe indicator is based on an earlier version by Barry Stander. It shows horizontal support and resistance levels based on the standard Fractals indicator.
- Alerts are issued when price closes above a resistance line or below a support line.
- Arrows are also supported.
Check before you use it
Compare the horizontal lines it draws with the standard Fractals indicator on the same chart, since the levels come from it. Test the alerts on a demo account: they fire when price closes above a resistance line or below a support line, so expect them after a candle closes rather than at the first touch of the line.
Platforms: MetaTrader 4, MetaTrader 5, cTrader.
Source and license
Published by EarnForex.com as open source under the Apache License 2.0. TraderCommons does not host the files: the links on this page lead to the author's GitHub repository and product page. TraderCommons is not affiliated with EarnForex.
Test any trading tool on a demo account before you use it on a live one. Trading involves risk.