Critical Support and Resistance MT5

Critical Support and Resistance MT5

The demo version of the product is available here.

Also, the panel version is available here.

Critical Support and Resistance – It is intuitive and easy to use graphical tool that allows you to monitor and adjust the important support and resistance levels, and easily check the status of all important support and resistance levels.

There is a strong likelihood that the price rollback or breaks important levels of support and / or resistance. This indicator is designed to aid in tracking these critical zones of support and resistance, such as pivot support zone 1/2/3, 1/2/3 pivot resistance zone, day / week / month pivots, as well as levels of multiples of 100 (for example 1.1300 EURUSD; 118.00 for EURJPY).

Once the price closer to the important support and resistance levels in the area of ​​prevention (range warning zones can be set up), will be sent an alert or notification, and the indicator panel will turn red. Therefore, you do not have all day to sit by the monitor and keep track of schedules.

Features

  • Choice of use to send alerts / notification function.
  • Adjustable warning range for each type of critical support / resistance levels.
  • Choice of use of critical support / resistance levels. By default they are all selected.
  • Adjustable position indicator panel

Objects panel

See screenshot 1

  • If the level of support / resistance is not selected / not used, the cell will be painted white
  • If the level of support / resistance is selected / used
    • The price is out of the safety zone, the cell is painted in yellow
    • Price is in the warning zone, the cell is painted in red
  • The panel looked clear and accurate, it is recommended to use a blank template, please see screenshot 2.

Input parameters

  • Send_alert
    • True: send an alert when the price is included in the warning zone
    • False: the alert will not be sent
  • Send_Notification
    • True: send alert when the price is included in the warning zone
    • False: the notification will not be sent
  • Use Pivot Support – use the support pivot
    • True: the price is included in the alert levels of support pivot area of ​​the cubicle to support the pivot points will be painted in red and will be sent an alert / notification
    • False: the action will not be executed
  • Pivot Support Warning Zone: levels of safety zone range support pivot in pips. For example, if the resistance level of the pivot 1 is 1.1300, and Pivot Support Warning Zone is 10 (pip), then Pivot Support Warning Zone is equal to the range of 1.1290 (1.1300 pips -10) to 1.1310 (1.1300 + 10 pips).
  • Use Pivot Resistance – to use the pivot resistance
    • True: the price is included in the warning zone of resistance levels pivot, the cell panel to pivot resistance levels will be painted in red and will be sent an alert / notification
    • False: the action will not be executed
  • Pivot Resistance Warning Zone: resistance range warning zones pivot in pips. See the example for the Pivot Support Warning Zone.
  • Use Daily / Weekly / Monthly Pivot: use daily / weekly / monthly pivot
    • True: the price is included in the warning zone daily / weekly / monthly pivot, the cell panel to levels of daily / weekly / monthly pivot will be painted in red and will be sent an alert / notification
    • False: the action will not be executed
  • Daily / Weekly / Monthly Pivot Warning Zone: range warning levels daily / weekly / monthly pivot pip zone. See the example for the Pivot Support Warning Zone.
  • Use Daily Open – use the value of the opening day
    • True: the price is included in the warning zone daily pivot points, the cell panel to daily pivot points will be painted in red and will be sent an alert / notification
    • False: the action will not be executed
  • Daily Open Warning Zone: safety zone range daily pivot points in pips. See the example for the Pivot Support Warning Zone.
  • Use Buy / Sell at 100: the use of the 100 level
    • True: the price is included in the levels of safety zone ‘100’, the cell panel to levels of ‘100’ will be painted in red and will be sent an alert / notification
    • False: the action will not be executed
  • Buy / Sell at 100 Warning Zone: level range warning zone ‘100’ in pips. See the example for the Pivot Support Warning Zone.
  • X_axis: position of the panel on the X axis
  • Y_axis: position of the panel in y

If you have any individual request and / or suggestion, contact me.

Critical Support and Resistance MT5

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