Support and Resistance Levels Finder MT5
- 指标
- Issam Kassas
- 版本: 1.40
- 更新: 28 十月 2022
- 激活: 1000
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This Presentation will cover:
1. About this Indicator.
2. Frequently Asked Questions.
3. Importance of leaving us Review.
About This Indicator:
The Support and Resistance Levels Finder Indicator:
This Automatic Indicator uses complex Algorithm with a very smart formula, to calculate the historical levels of Support and Resistance Simulating what a Pro trader would do when looking for support and resistance Except That the Indicator offers high Accuracy and reliability, Being a trader for over 10 years trading support and resistance as my primary Price Action Tool, I am sharing this Indicator with you all.
Support and resistance levels are key price levels in financial markets, including stocks, forex, and cryptocurrencies, where the price tends to stall, reverse, or experience a significant change in direction.
Support Level: It is a price level where the demand for an asset is strong enough to prevent further decline in its price. In other words, when the price reaches the support level, it is expected to bounce back or reverse direction as buyers are willing to enter the market and create upward pressure on the price.
Resistance Level: It is a price level where the supply of an asset is strong enough to prevent further price increase. When the price reaches the resistance level, it is likely to stall or reverse direction as sellers become more active and resist further upward movement.
Pro Traders and investors use support and resistance levels to make informed decisions about entering or exiting positions. Breakouts above resistance levels or breakdowns below support levels can signal potential trend changes, while bounces off these levels can present trading opportunities within an existing trend. These levels are considered significant because they represent historical price points where supply and demand have shown strong imbalances in the past.
Using an automatic support and resistance levels finder can greatly benefit traders and investors in financial markets. This tool helps save time and effort by quickly identifying key price levels where the market has historically reacted, streamlining the analysis process. By using these levels, traders can make more informed decisions about when to enter or exit trades, improving their chances of success. Automatic support and resistance levels finder also reduces human bias and emotions in trading, leading to more objective decision-making. Overall, this tool enhances trading efficiency and accuracy, making it a valuable asset for traders seeking to navigate the complexities of the market with ease.
Frequently Asked Questions:
Q: How much does it cost:
A: Current Price $49 Minimum BUT Future Price $149!
Q: On how many MT4/MT5 terminals can I use this Indicator?
A: All our indicators come with 10.000 Max Activation, which means unlimited Meta Trader terminals and unlimited computers for life time.
Q: Do you Sell outside of the Mql5 community?
A: Absolutely not, Its is against the rules of mql5 community and anybody who sells using our brand name is a scam and you should avoid at any cost.
Q: Can I use it on all timeframes and all markets?
A: YES, It Can be used on All Markets and All Timeframes.
Q: Do you have the other version of MetaTrader?
A: Yes, you can find the MT5 Version Here.
Q: What's Support Resistance Levels Finder?
A: Its an Indicator that uses complex Algorithm with a very smart formula, to calculate the historical levels of Support and Resistance Simulating what a Pro trader would do when looking for S/R Except That the Indicator offers high Accuracy and reliability, Being a trader for over 10 years trading S/R as my primary Price Action Tool, I am sharing this Indicator with you all.
Q: What's the formula used?
A: The indicator has a Smart algorithm that scans the chart to find Support and resistance levels of the price, which are the most effective support and resistance levels.
Q: Does it show SL and TP? and What is the red and green boxes:
A: No, This is a support and resistance indicator only, the green and red boxes are use for demonstration only.
Q: How can I use this indicator as a trader?
A: Very easy in 2 steps:
- If you choose the current Period It shows important levels of the timeframe selected.
- If you choose a specific timeframe the Indicator will show levels calculated from the timeframe selected on all other timeframes, very useful for day trading, Example: Show daily levels on 5M chart.
Q: Can this Indicator Alert me on Email and Phone when price near a level ?
A: Yes, you will be able to enable alerts in the setting panel.
Q: How to integrate this Indicator in my trading?
A: There are a lot of strategies that uses the S/R levels and most of price action traders and day traders use the support and resistance levels, but the problem is most of the levels traders draw on charts are not 100% accurate and most of the time they can not trust the levels because they can be biased.
Removing the human error by using a complex algorithm formula will help not only save the traders time but increase accuracy of entries and exists signals.
Q: How to trade using support and resistance levels finder?
A: You can use the Support and Resistance levels finder to trade two style:
1- Trend continuation:
This strategy is based on trading pull backs to areas of value which happens to be the support and resistance levels.
2- Reversals:
This strategy is very interesting with the support and resistance levels finder because in high percentage of cases the price will bounce of the S/R levels.
Q: Does it have the Hide and Show Button/Hot key?
A: Yes, Hide button is new technic that allow for cleaner chart setup.
Q: Can this indicator be used with an Expert Adviser?
A: Yes, This indicator does return buffers when new Levels are detected.
Q: What are the settings of this indicator?
A: This indicator offers full control over everything:
- Control the Mode of level calculation Fixed timeframe OR Current Timeframe.
- Control the levels number {LOW,MEDIUM,HIGH}.
- Control number of bars to analyze.
- Control Alerts.
- Control thickness lines.
- Control the colors of S/R lines.
- Show hide of the levels using the S/R Levels button/Hotkey.
- Change position of the button.
Reviews:
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Dubai Forex Group
Worth it, nice to know the levels to take the trade