Classic Support Resistance MT5

Classic Support & Resistance – TradingLabs ID

Tired of drawing support and resistance levels manually?
Now you can save time and trade with confidence using the Classic Support & Resistance Indicator. This tool automatically plots key support and resistance zones on your MT4 chart with high accuracy and clean visualization.

Designed especially for traders who rely on Breakout – Retest Entry strategies and market structure analysis.

✨ Key Features:

• Auto Support & Resistance Zones
  Automatically identifies and plots major support and resistance zones, no more manual drawing needed.

• Customizable Display
  Personalize your chart with custom colors for Support & Resistance zones (e.g., LavenderBlush for Resistance, Sky Blue for Support).

• Multi-Timeframe Support
  Recommended for Higher Timeframes (H1, H4, Daily) to filter out market noise and increase accuracy.

• Breakout & Retest Friendly
  Perfect for traders who trade breakout and retest entries, making it easier to spot potential entry zones with high precision.

• Flexible Settings

  • Max Bar to Scan (up to 1000 bars)

  • Show/Hide Middle Line

  • Adjustable Font Size & Text Color

  • Multiple Line Styles (dot, solid, etc.)

• RBS & SBR Detection
  Automatically marks levels where Resistance turns into Support (RBS) and Support turns into Resistance (SBR).

? Advantages:

✔ Focus more on execution instead of manual charting.
✔ Quickly identify important price levels with clarity.
✔ Suitable for Scalping, Swing Trading, and Intraday.
✔ Beginner-friendly and easy to use.

? Recommended Usage:

• Timeframes: H1, H4, Daily

• Pairs: Works on Forex, Gold (XAUUSD), Indices, and Crypto in MT4

• Strategies: Breakout, Retest Entry, Supply & Demand-based Trading

? With this indicator, you’ll trade more systematically, reduce emotional decisions, and increase the probability of entering at the best levels.

--- MT4 Version is here ---

https://www.mql5.com/en/market/product/147681