MT5 Automatic Support and Resistance Indicator Download – Free | Forex Indicator Download – MetaTrader 5 Resource

The Automatic Support and Resistance Indicator is one of the support and resistance indicators in MetaTrader 5 , designed to intelligently identify key price levels .

This indicator displays support areas in green (dark green for new levels, light green after test) and resistance areas in brown (dark brown initially, lighter after test), making it an essential tool for identifying key market points .

By using this powerful tool , traders can perform in-depth analyzes and identify optimal entry and exit points . This indicator is particularly beneficial for price action traders who rely on key price levels for market analysis.

Automatic support and resistance indicator table

Here are the general specifications of the automatic support and resistance indicator :

Support areas in an uptrend

On the 15-minute timeframe of the GBP/USD currency pair , the automatic support and resistance indicators identify a key support zone .

After price reached this area and successfully tested it, a bullish reversal occurred , confirming the strength of this support level. Traders can use these areas to determine the best buy entries .

Resistance Zone in Downtrend

On the 1-minute timeframe of the EUR/USD currency pair , the automatic support and resistance indicator plots resistance zones as colored boxes .

• New resistance levels appear in dark brown
• Test level turns light brown

This feature can help traders identify key areas of resistance and locate high-probability selling opportunities .

Automatic support and resistance indicator settings

Below are the relevant settings for Automatic Support and Resistance Indicator in MetaTrader 5 :

• Untouched Support: Set the color of the untouched support area;
• Support Touched: Set the color of the test support area;
• Untouched resistance: Set the color of the untouched resistance area;
• Resistance Touched: Set the color of the test resistance area;
• Border Color: Set the box border color.

Conclusion

The Automatic Support and Resistance Indicator is one of the MetaTrader 5 indicator that accurately detects key price areas . By plotting green support zones and brown resistance zones , it helps traders recognize key market areas .

Using this indicator allows traders to gain a deeper understanding of price structure and identify high-potential trading opportunities .