Mastering Support and Resistance with MT5: Your Essential Indicator

Unlocking the Power of the Support and Resistance Indicator for MetaTrader 5 — As the name implies, this handy indicator showcases key support and resistance levels right on your trading chart. It's a game-changer when it comes to setting your stop-loss or take-profit levels, or even pinpointing your next market target. This tool leverages the classic MetaTrader Fractals indicator, based on Bill Williams' methodology, and comes with no adjustable input parameters. You can use it on both MetaTrader 4 and 5.

Input Parameters

• EnableNativeAlerts (default = false) — Set this to true to get a native MetaTrader popup alert when the price crosses above or below your support or resistance levels.
• EnableEmailAlerts (default = false) — If you turn this on to true, you'll receive an email notification whenever the price breaches the support or resistance levels. Be sure your email settings are configured in MetaTrader via Tools -> Options -> Email.
• EnablePushAlerts (default = false) — Similar to email alerts, if you set this to true, you'll get a push notification when the price crosses these levels. Make sure your notifications are properly set up in MetaTrader under Tools -> Options -> Notifications.
• TriggerCandle (default = Previous) — This parameter lets you choose which candle to base your alerts on: Previous for the most recently closed candle or Current for the ongoing candle.