Volume based Support and Resistance Zones

Volume-based Support and Resistance Zones

Volume-based Support and Resistance Zones is a powerful and flexible indicator for MetaTrader 5 that helps traders identify key market levels formed by volume spikes at fractal highs and lows.

This tool automatically plots support and resistance zones where price is most likely to react, helping you trade with greater confidence and clarity.

Key Features

• Volume-based logic: Zones are created when candles with significant volume occur at fractal highs or lows.
• Wick-based sizing: Each zone’s height dynamically reflects the wick length of its source candle.
• Non-repainting: Once a zone is formed, it remains fixed—reliable for both live trading and backtesting.
• Multi-timeframe support: Works seamlessly across all standard chart timeframes.
• Highly customisable: Adjust detection sensitivity, visual style, and zone behaviour to suit your strategy.
• Smart alerts: Get notified when price interacts with a zone through popup alerts, push notifications, emails, or any combination you prefer.

Alert Options

Traders can configure alerts to trigger when price touches or enters a support or resistance zone. Notification methods include:

• Popup alerts: On-screen messages within the MetaTrader 5 terminal.
• Push notifications: Sent directly to your mobile MetaTrader app.
• Email notifications: Delivered to your configured email address.

All alerts are fully configurable, allowing you to monitor important levels even when you’re away from the charts.

For traders who value precision and clarity

This indicator was built for traders who rely on objective, volume-based data to confirm price reactions. Whether you scalp, day trade, or swing trade, it offers a clear, structured approach to identifying high-probability reaction zones. Designed for simplicity, accuracy, and performance, it’s a valuable addition to any technical analyst’s toolkit.

Disclaimer

This indicator is an independent product for MetaTrader 5 and is not affiliated with or endorsed by any third-party developer or service.