The Add Support and Resistance Indicator plots the most recent fractal swing high as a dotted resistance line and the most recent swing low as a dotted support line, carrying each level forward until a newer fractal replaces it. Also, it then prints a green BUY arrow on a bounce off support or a red SELL arrow on a rejection at resistance, so you see both the level and the reaction.
For more like this, browse the more support-resistance indicators for forex or jump to the full MetaTrader indicator hub.
What the Add Support And Resistance Indicator does on the chart
The Add Support and Resistance Indicator plots the most recent fractal swing high as a dotted resistance line and the most recent fractal swing low as a dotted support line, carrying each level forward until a newer fractal replaces it. Also, the result is a tidy, always-current pair of S/R levels without hand-drawing anything.
When price dips to support and closes back above it with a bullish bar, a green BUY arrow prints (a bounce). Also, still, when price tags resistance and closes back below it with a bearish bar, a red SELL arrow prints (a rejection). The lines and the arrows work together so you see both the level and the reaction.
Key features and settings
- Auto-plotted support and resistance from fractal swings
- Levels carry forward until a new fractal replaces them
- Green BUY arrow on a bounce off support
- Red SELL arrow on a rejection at resistance
- Configurable fractal depth
- Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels toggle independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
- Built for both MT4 and MT5; works on every timeframe and every symbol your broker offers.
- Lightweight code that does not slow down the chart.
| Setting | Description | Default |
|---|---|---|
FractalDepth |
Bars on each side required to confirm an S/R fractal | 4 |
ArrowOffsetPoints |
Arrow offset from the candle wick | 40 |
EnableAlerts |
Master toggle for the alert system | true |
EnablePopup |
MT4/MT5 popup dialog on signal | true |
EnablePushNotify |
Mobile push notification (configure MetaQuotes ID first) | false |
EnableEmail |
SMTP email (configure Tools -> Options -> Email) | false |
EnableSound |
Play .wav from MT4/Sounds on signal | false |
How to read signals from the Add Support And Resistance Indicator
The strongest reactions happen the first time price tests a fresh level. Thus, repeated tests tend to weaken it.
Entry idea (long). Wait for a green BUY arrow at support. Stop just below the level.
Entry idea (short). Wait for a red SELL arrow at resistance. Stop just above the level.
In practice, Exit idea. Target the opposite level; trail as price travels between support and resistance.
Tuning the Add Support And Resistance Indicator inputs
Start with the defaults, then tune for your market. FractalDepth (default 4) tunes how the calculation behaves. Also, still, hence, every alert channel — pop-up, sound, email and mobile push — toggles independently in the same inputs panel, and alerts fire once per closed bar.
Recommended timeframes and instruments
This indicator maps supply, demand and key levels, which are cleanest on higher timeframes.
- H4 and Daily to map the levels that matter.
- M15 to H1 to time entries off those levels.
As a result, mark the higher-timeframe zones first, then drop down for the entry. Next, most useful on EURUSD, GBPUSD, USDJPY and XAUUSD.
How to install on MT4 and MT5
Installation is the same for every indicator on this site. Then, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.
Best practices and tips
- Mark higher-timeframe zones first and trade reactions, not the raw level.
- Look for a rejection wick or momentum shift before entering at a zone.
- Wait for the bar to close before acting on a signal.
- Backtest your configuration on at least 200 closed bars before trading live.
- Keep position sizing small while you learn how the tool behaves on your instrument.
- Review your results weekly and prune settings that underperform.
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Related on forexmt4systems.com: Support and Resistance Strategy.
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Typically, this It is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Also, hence, truly, every tool ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files, a 4-channel alert system (popup + mobile push + email + sound), and is loaded on EURUSD H1 before release to confirm it draws cleanly without repainting. The same one-step email opt-in below unlocks the entire library – not just this one indicator.
FAQ
What does the Add Support And Resistance measure?
It plots a clear signal layer that the Add Support And Resistance computes from recent price and volume on the chart.
Is the indicator non-repaint?
By default the indicator only confirms a signal on the bar close, so the printed signal locks in once that bar closes. Next, plainly, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.
Which timeframe should I use?
There is no single best timeframe. Also, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.
Does it work on instruments other than forex?
It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. In addition, fast-moving instruments may need a smaller period setting.
Can I add alerts?
Yes. Then, Pop-up, sound, push, and email alerts live in the inputs panel. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Also, still, yet, still, this indicator ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. Thus, you toggle each channel independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Thus, truly, hence, alerts trigger once per closed bar.
For external background reading, see the support and resistance basics. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the tool as one input. Always backtest before trading live.
Category: this is part of our Support and Resistance collection. Next, browse more Support and Resistance for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- For background on this concept, see Support and Resistance on Wikipedia.
- For broader market context, see the CFTC Commitments of Traders reports.