[FREE DOWNLOAD] Support And Resitance MT4 Indicator
Support & Resistance Zones Indicator is a powerful MetaTrader 4 tool that automatically detects and visualizes dynamic support and resistance zones using adaptive fractal logic. Unlike simple horizontal lines, this indicator identifies price zones and classifies them by strength, reliability, and historical behavior.
Developed by Denis Frans Fridel, this indicator uses a dual-fractal approach (fast & slow) to categorize weak, untested, verified, proven, and “turncoat” zones.
Developed by Denis Frans Fridel, this indicator uses a dual-fractal approach (fast & slow) to categorize weak, untested, verified, proven, and “turncoat” zones.
1. Key Features
| Feature | Description |
|---|---|
| Smart Zone Detection | Automatic fractal-based zone drawing. |
| Strength Classification | Weak, Untested, Verified, Proven, and Turncoat zones. |
| Color-Coded Zones | Instant visual recognition of support and resistance areas. |
| Zone Merging | Reduces chart clutter by intelligently combining overlapping zones. |
| Zone Extension (Fuzz Factor) | Adds realistic price tolerance beyond fractal points. |
| Real-Time Labels | Displays zone type, strength, and test count directly on chart. |
| Multi-Timeframe Support | Works from M1 up to W1 timeframe. |
| Alert System | Popup, sound, or email alerts when price enters a zone. |
| Global Variables Output | Zone data exportable for Expert Advisor integration. |
2. How to Use
Once applied, colored horizontal zones appear instantly:
- Blue / Green = Support zones
- Red / Purple = Resistance zones
Use these zones to:
- Identify high-probability reversal areas.
- Place stop-loss beyond strong zones.
- Avoid weak or untested zones without confirmation.
- Combine with price action patterns such as pin bars or engulfing candles.
3. Completely Free – No Hidden Costs
This indicator is 100% free and shared openly to support the trading community. No trials. No subscriptions. No external dependencies.
🎯 Ready for Advanced Trading?
If you are serious about consistent, disciplined trading, explore the premium tools below:
➡️ Neural Edge FX – AI-Powered MT4 Expert Advisor
Advanced algorithmic intelligence combined with strict risk control.
➡️ Gold Rider EA – Specialized AI for Gold Trading
Built specifically for XAU/USD with adaptive trade management.
➡️ Binary Trading System – Premium MT4 Indicator
Clear signals designed to simplify decision-making.
💬 Stay Connected
📱 Telegram Developer: @DensFridel
🌐 Telegram Channel: DensFridel Strategy
Risk Disclosure: Forex trading carries significant risk and may not be suitable for all investors. This indicator is provided for educational purposes only. Always test on a demo account before trading with real funds.
