Ichimoku Support and Resistance AD ​​Indicator MT4 Download – Free | Forex Indicator Download – MetaTrader 4 Resources

The Ichimoku Support Resistance AD ​​indicator combines two powerful indicator technical analysis concepts the Ichimoku system and fractals to accurately identify support and resistance levels.

The trading tool automatically plots support levels in blue and resistance levels in red on the chart. One of its main features is the ability to visually display fractal points using chart markers.

Ichimoku support and resistance AD ​​indicator specification table

The specifications of the support and resistance AD ​​indicator of the Ichimoku Balance Sheet are as shown in the following table:

Ichimoku supports resistance AD ​​at a glance

The Ichimoku Support Resistance AD ​​indicator uses Ichimoku to detect overall trend direction and uses fractals to identify potential price reversal areas, giving traders a comprehensive view of the market.

When a support or resistance level breaks out in the direction of the current trend, a potential trade entry opportunity arises.

Bullish trend analysis

According to EUR/USD 1 hour chart analysis, the bullish trend started after the resistance zone (red line) is broken.

The area highlighted by the blue circle marks the price retracement area and represents a suitable entry point for a buy trade.

Bearish trend analysis

According to the 30-minute BNB (Binance Coin) chart, the price broke directly above the support momentum and continued its downward trend without a pullback.

Such a strong breakout, accompanied by a large bearish candle and high selling volume, could serve as a reliable signal to enter a short trade.

Ichimoku Balance Sheet Support and Resistance AD ​​Indicator Settings

The following are the adjustable parameters of the support and resistance AD ​​indicator of the Ichimoku Balance Sheet:

• Tenkan-sen period: calculation period of the turning line
• Kijun-sen period: Kijun-sen line calculation period
• Senkou Span B period: Calculation period of Senkou Span B line
• Fractal rank: Sensitivity level of fractal detection
• Support Line Color: The color of the support level on the chart
• Support line style: Support line style
• Support line thickness: thickness of the support line
• Resistance Line Color: The color of the resistance level on the chart
• Resistance line style: Resistance line style
• Resistance wire thickness: The thickness of the resistance wire
• Show Fractals: Enable or disable fractal display
• Lookback: number of previous candles used for calculation

Conclusion

The Ichimoku Support and Resistance AD ​​indicator combines the Ichimoku system with fractal logic to accurately plot support and resistance levels directly on the chart.

Under trending conditions, this trading tool is able to identify optimal entry points for traders, making it particularly suitable for day trading and scalping .

Its flexible settings allow it to adapt to a variety of trading strategies.