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An MT5 indicator that draws support and resistance levels from price swings and flags breaks confirmed by a volume threshold. It includes colour options, alerts, push notifications and a built-in tester.
Get one message the moment it launches, with its price.
This indicator for MetaTrader 5 draws support and resistance levels from market swings, then checks whether a break of a level came with volume above a threshold that you control. It is a chart tool that shows levels and signals. It does not open or close trades.
The indicator looks for swing highs and swing lows using two inputs: the number of bars to the left and the number of bars to the right of a candidate point. A swing high becomes a resistance level and a swing low becomes a support level. Larger bar counts produce fewer, more significant levels, while smaller counts produce more levels that react to short-term moves. A lookback setting limits how far back in history the search runs.
When price breaks through a level, the indicator compares the volume at that moment with the threshold you have set. If volume is above the threshold, a signal is shown on the chart. If it is not, the break is treated as unconfirmed. This is meant to help you tell stronger breakouts from weak moves, but it is a filter and not a prediction. Breaks can still fail.
The tool works from chart data, so it can be attached to forex pairs, metals, indices or other symbols offered by your broker. It can be used on all timeframes. Lower timeframes suit scalping and short intraday work, and higher ones suit swing or position analysis. Volume figures differ between brokers and between instrument types, for example tick volume versus real volume, so confirm what your symbol provides before relying on the threshold.
The main inputs are listed below. Check the input window after attaching the indicator for exact names and default values, as these can differ from the summary here.
| Setting | Purpose |
|---|---|
| Lookback candles | How far back the indicator searches for levels |
| Left and right bars | Define how a swing high or low is identified |
| Break detection | Shows breaks of support and resistance levels |
| Volume threshold | Minimum volume needed to confirm a break |
| Line colours | Colours for support and resistance lines |
| Alerts and push | Send terminal alerts and mobile notifications |
| Tester options | Review signals over a chosen period |
The indicator has a tester option that lets you look at how its signals would have played out over a period you select. Treat the output as a way to compare settings, not as evidence of what will happen next. Historical data quality, spreads and execution all affect real trading.
Trading carries risk, and you can lose some or all of your capital. Past results, including anything shown by the tester, do not predict future ones. Try the indicator on a demo account first and use your own risk management.
If nothing appears, check that automated tools and DLL or indicator permissions are not blocked in the terminal options, and that the chart has enough history loaded for the lookback you chose.
| Product type | Indicator |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Scalping, Signals, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Indicator (chart tool, does not place trades) |
| Concepts | Support and resistance, swings, volume confirmation, price action |
| Markets | Any symbol available in your MT5 terminal |
| Timeframes | All timeframes, from M1 upwards |
| Trade style | Scalping, day trading, swing trading, breakout |
| Alerts | Terminal alerts and mobile push notifications |
| Requirements | MT5 desktop terminal; push needs a MetaQuotes ID |
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No. It is an indicator, so it draws levels and signals on the chart and can send alerts. Any order has to be placed by you or by a separate tool that you choose to use.
No. This product is built for MetaTrader 5 only. An MT4 terminal cannot load it, so check that you use MT5 before buying.
It reads price and volume from the chart, so it can be attached to any symbol your broker offers in MT5 and to any timeframe. Volume data differs between brokers and instruments, so check that your symbol provides volume that suits the threshold setting.
In MT5 choose File, then Open Data Folder, and copy the indicator file into MQL5/Indicators. Restart the terminal or refresh the Navigator, then drag the indicator onto a chart and allow it to run.
Enable the push notification option in the indicator inputs. You also need to enter your MetaQuotes ID in the terminal options under Notifications and have the MetaTrader app installed on your phone.
You can start with the defaults and then adjust the lookback, swing bars and volume threshold to suit your symbol and timeframe. Test any change on a demo account or with the built-in tester first.
Support and Resistance Levels Indicator for MT5
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