Support and Resistance Indicator for MetaTrader — as the name implies, this handy tool displays critical support and resistance levels right on your trading chart. It’s a real game-changer when you’re setting up your stop-loss or take-profit levels, or when you’re eyeing your next market target. This indicator leverages the standard Fractals indicator from Bill Williams' methodology and comes with no adjustable input parameters. It’s compatible with both MetaTrader 4 and 5.
Input Parameters
- EnableNativeAlerts (default = false) — when set to true, a native MetaTrader popup alert will notify you when the price closes above or below a support or resistance level.
- EnableEmailAlerts (default = false) — if you toggle this to true, you’ll receive an email alert when the price breaches the support or resistance level. Just make sure your email settings are configured in MetaTrader via Tools->Options->Email.
- EnablePushAlerts (default = false) — switch this to true for push notifications when the price closes above or below the support or resistance level. Ensure your notifications are set up correctly in MetaTrader under Tools->Options->Notifications.
- TriggerCandle (default = Previous) — this determines which candle will trigger the alerts: Previous refers to the most recently closed candle, while Current pertains to the candle that’s still forming.
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