Support Resistance Volume Indicator MT4 + MT5

The Support Resistance Volume Indicator maps key support and resistance zones onto your MT4 and MT5 chart. It marks the price areas where reversals and breakouts tend to happen, so you can plan entries, stops and targets around real structure rather than guesswork.

For more like this, browse the more support-resistance indicators for forex or jump to the full free MT4 and MT5 indicators.

What the Support Resistance Volume Indicator does on the chart

The logic is simple, with no machine learning, no curve fitting, and no hidden lookahead. The indicator reads the bars and outputs a single visual you can read at a glance.

The Support Resistance Volume Indicator reads price, volume, and recent bar structure. It plots the result on the chart. You can read it at a glance. It is built for MT4 and MT5. You drag it onto any chart in one step.

Key features and settings

• Auto-draws levels from recent swing structure
• Configurable lookback to focus on minor or major levels
• Levels persist until invalidated by a confirmed break
• Light footprint that does not crowd the chart
• Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels can be toggled on its own from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
• Built for MT4 and MT5; works on every timeframe the platform supports.
• Lightweight code that does not slow down the chart.

Setting	Description	Recommended default
Lookback	How far back to scan for swing levels	200 bars
Min strength	Minimum touches required for a level to plot	2
Auto-extend	Extend levels to the right edge of the chart	On
Color theme	Switch between dark and light chart palettes	Dark
Show on chart	Toggle the on-chart visual without removing the indicator	On

How to read signals from the Support Resistance Volume Indicator

The Support Resistance Volume Indicator highlights horizontal zones where price has reacted in the past. A typical workflow looks like this.

Entry idea (long). Wait for price to test a marked level from above, hold, and print a rejection candle. Wait for the bar to close. Intra-bar values can shift.

Entry idea (short). Wait for price to test a marked resistance from below, hold, and print a rejection candle. The same close rule applies.

Exit idea. Some traders take partial profit at one R and trail the rest with structure. Some traders trail with structure. Others trail with the indicator itself.

These are concepts, not rules. Backtest on your instrument and timeframe before live capital.

Tuning the Support Resistance Volume Indicator inputs

Start with the defaults, then tune for your market. SwingBars (default 3) sets the smoothing length. Raise it for slower signals. Lower it for faster ones; VolAvgPeriod (default 50) sets the smoothing length. Raise it for slower signals. Lower it for faster ones; MinVolFactor (default 1.0) is the threshold a reading must clear before it counts as a signal. Every alert channel — pop-up, sound, email and mobile push — toggles on its own in the same inputs panel, and alerts fire once per closed bar.

Recommended timeframes and instruments

Support Resistance Volume Indicator relies on volume, which is most meaningful on higher timeframes.

• H1 and above where bar volume carries weight.
• H4 to Daily for confirming larger moves.

Sub-H1 tick volume is noisier, so pair it with price structure on EURUSD, GBPUSD and indices.

How to install on MT4 and MT5

Installation is the same for every indicator on this site. 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

• Use volume to confirm a move, not to trigger one on its own.
• Watch for divergence between price and volume at extremes.
• Wait for the bar to close before acting on a signal.
• Backtest your setup 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.

Get the Support Resistance Volume for MT4 and MT5

One email unlocks the full library. This Support Resistance Volume Indicator plus the other 1,382 free MT4, MT5 and TradingView indicators we publish and maintain. No paywall, no upsell, same opt-in for all of them – you give an email once and you can grab every tool we ship.

Enter your email and the file lands in your inbox right after. The download is free.

Related on forexmt4systems.com: Support and Resistance Strategy.

Built by forexmt4systems.com

This Support Resistance Volume Indicator is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. 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 Support Resistance Volume measure?

It plots a clear signal layer that the Support Resistance Volume computes from recent price and volume on the chart.

Is the Support Resistance Volume Indicator non-repaint?

By default the indicator only confirms a signal on the bar close, so the printed signal locks once that bar closes. 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. M15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the setup 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. Fast-moving instruments may need a smaller period setting.

Reading the signals

Can I add alerts?

Yes. Pop-up, sound, push, and email alerts switch on or off from the inputs. On MT4 and MT5 the alert plays on the bar close that triggers the signal. The Support Resistance Volume 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. Each channel is toggled on its own from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). 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 Support Resistance Volume Indicator as one input. Always backtest before trading live.