Support and Resistance indicator for MT5


The "Support and Resistance" indicator - as the name already suggests - shows you the support and resistance levels by using the Fractals indicator.

 

The calculation of the support levels is based on the "Fractals down" and the calculation of the resistance levels is based on the "Fractals up" of the Fractals indicator which is developed by Bill Williams.

You can download the indicator here: https://www.mql5.com/en/code/401