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Support and Resistance Levels on AZZD and EF MT5


MTF-index of support and also resistance amounts based on this exact extremes of Advanced indicators
zigzag Dynamic
and / Extended Fractals with a
disabled cost value in this kind of labels. For that this MTF mode, you can select all greater TF cards. By default, amounts are based on factors
The “Zigzag” index can also be used to plot the point of the Fractal indicator with or instead of the Zigzag. To
simplify the operation and save CPU time, the calculation occurs after on each bar when it’s opened.

  • forcedtf-timeframe of the chart for calculating levels (over or equal to the current one)
  • maxbarslimit-limit the number of bars used for calculation (to speed up the indicator’s operation time and
    reduce the load on the CPU)
  • minpipslevelwidth – minimum level width in points (used for very narrow levels)
  • Use zigzag Extremums points-enable / disable the use of zigzag vertices for calculating levels
    resistances/supports
  • Fixed pips range-the distance between the minimum and maximum for calculating the zigzag indicator
  • usedynamicrange-enable / disable dynamic calculation of the distance between the minimum and maximum for the indicator
    Zigzag
  • Dynamic volatility period – the period of volatility for calculating the dynamic distance between the minimum and maximum
    for the zigzag indicator
  • Dynamic volatility koefficient-a volatility multiplier for calculating the dynamic distance between the minimum and
    the maximum for the zigzag indicator
  • Use Fractals points-enable / disable the use of Fractals for calculating levels
    resistances/supports 
  • Left fractal bars count – a number that specifies the number of bars on one side to search for a Fractal (excluding
    central)
  • usenarrowbands-enable / disable more “wide” levels (calculated by max. and min. price values
    opening / closing of the bar)
  • killretouch-enable / disable the creation of a new level if it occurs inside the existing one
  • topcolor – color of resistance levels
  • botcolor – color of support levels
  • showlevelspricelabels – enable / disable the display of the label with the price value of the level
  • pricelabelwidth – size of the label with the price value of the level
  • touchalert-enable / disable the alert when the level is touched
  • breakalert-enable / disable the alert when the level is broken
  • breakonclose-consider a breakout only after the bar closes behind the level (false – the price of the current bar goes over the level)
  • enablealertmesage – enable / disable text message
  • enablealertnotification – enable / disable notification
  • enablealertmail – enable / disable e-mail messages
  • enablealertsound – enable / disable sound notification
  • alertsoundfilename – name of the sound alert file



Free Download and Review Support and Resistance Levels on AZZD and EF MT5 from Fxbotreview.com/

About author

Oxford graduate with honors. He worked in large financial projects for well-known Wall Street corporations. After he earned his first capital and a reputation as a successful trader, he opened his own company. At the moment, the growth of the company's capital is 20% per year.
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