Ichimoku Support and Resistance AD ​​Indicator MT5 Free Download | Forex Indicator Download - MetaTrader 5 Resources

The Ichimoku Support and Resistance AD ​​indicator accurately identifies key market levels using technical analysis concepts including the Ichimoku System and fractal points.

The tool automatically displays blue support and red resistance lines on the chart. One of its useful features is the visual display of fractal points for better analysis of price movements .

Spec Sheet Ichimoku Support and Resistance AD ​​Indicator

The characteristics of the support and resistance AD ​​indicator of the Ichimoku Balance Sheet are summarized in the following table:

Ichimoku Support and Resistance AD ​​Indicator Overview

The Ichimoku AD Support and Resistance Indicator provides precise and comprehensive analysis of market conditions by combining Ichimoku trend direction and fractals to identify reversal points.

When a support or resistance level is breached in the direction of the trend, this instrument provides a suitable opportunity to enter a trade.

Uptrend Conditions

According to Silver/USD (XAG/USD) 1 hour chart analysis, the price turned bullish after retesting support and breaking through resistance.

In this case, buy positions can be entered during future interactions with support levels based on initial interactions with market deviations or after trend formation.

downtrend conditions

According to the 30-minute chart analysis of the NZD/USD currency pair, the price finally broke above the support level after touching it multiple times.

In this case, a price pullback to the breakout point usually provides a good opportunity to enter sell trades .

Setting up the Ichimoku Support and Resistance AD ​​Indicator

The image below shows the settings panel of the Ichimoku Support and Resistance AD ​​indicator:

• 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: Supports line colors on charts
• Support line style: Support line style
• Support line thickness: support line thickness
• Resistance Line Color: Resistance line color on the chart
• Resistance Line Style: Resistance Line Style
• Resistor wire thickness: Resistor wire thickness
• Show Fractals: Enable or disable fractal display
• Lookback: The number of candles calculated by the lookback indicator

Conclusion

The Ichimoku AD Support and Resistance Indicator helps identify important price areas by integrating the Ichimoku system and fractal-based reversal structures.

This trading tool automatically plots support and resistance levels and provides a better understanding of price behavior during uptrends and downtrends.