Support and Resistance MT5 – indicator MetaTrader 5

Support and Resistance MetaTrader indicator — as the name of this indicator suggests, it displays the support and resistance levels. It shows them directly on the chart, providing an easy help when you want to set stop-loss or take-profit level, or when you want to see the next market target. This indicator uses the standard MetaTrader Fractals indicator (by Bill Williams’ method) and has no changeable input parameters. This indicator is available for MetaTrader version 4 and 5.

Input parameters

• EnableNativeAlerts (default = false) — if truea native MetaTrader popup alert will be used when price closes above or below the support or resistance level.
• EnableEmailAlerts (default = false) — if truean email message will be sent when price closes above or below the support or resistance level. Email should be properly configured in MetaTrader via Tools->Options->Email.
• EnablePushAlerts (default = false) — if truean email message will be sent when price closes above or below the support or resistance level. Notifications should be properly configured in MetaTrader via Tools->Options->Notifications.
• TriggerCandle (default = Previous) — the candle to issue alerts on: Previous — the most recently closed candle or Current — the yet unfinished candle.