Automated Support Resistance Screener

The ASRS is a powerful support and resistance custom indicator that can help traders determine the level of support and resistance values. This indicator is built using the MQL4 programming language and is used in the MetaTrader 4 platform. Metatrader 4 (MT4) doesn't provide any support and resistance indicator, making ASRS an essential tool for traders.

This indicator also suitable for all time frames and all markets, including indices, forex, and more.

ASRS can works intelligently and accurately by screening the best support and resistance values in a given price range. The indicator uses special calculations like screen method and complex algorithms that make it unique and reliable. This makes it a perfect tool for both new and professional traders.

The input settings are customiable, allowing traders to adjust maximum line numbers, support resistance bars, ATR period, divisor value and others. The maximum line numbers can be set between 8 or 12 lines, with the number of positions determined by the divisor value. For example, if you use a divisor value of 100 and set the maximum line numbers to 12, there will be (12 x 100) 1200 line positions available, with only the best positions occupied.

The input styles include line color, size and pop up alert giving traders the freedom to customize the indicator to their preference. Input Settings:

-Max_Lines_Number

-SR_Bars

-ATR_Period

-Divisor_Value

Note: The divisor value divides the range of each buffer. 

-Adjustable_Fractal_Function

-Bars_Before_Fractal

-Bars_After_Fractal

-Pop_Up_Alert

Input styles:

-Lines_Color

-Lines_Size

-Fractals_Color

-Fractals_Size

The latest update of Automated Support Resistance Screener, (MQL4, MT4), version 1.6 has been completed on 18/August/2023.

Functions improvements based on result of our research have been carried out to improve the performance of this indicator.