cTrader Auto Support and Resistance Indicator
This is a cTrader indicator that automatically draws support and resistance lines on your chart. Designed to be easy to use and practical, this indicator is suitable for both beginners and professionals. The support and resistance lines are generated using important Fibonacci levels. The indicator analyzes the chart for price swings (zigzags) and then places the lines in relation to the swings.
You can customize the lines and adjust how many lines the indicator will generate. Additionally, this indicator is equipped with an alert system that can notify you when the price interacts with the support and resistance lines. These alerts can be sent via Telegram, Email, Pop-ups, and sounds.
Update 1.1:
- Now You can choose which Fibonacci levels will generate support and resistance lines.
The Parameters:
- Here you can change how many support and resistance lines you will get from this indicator. The maximum density is 5.
- Choose the Fibonacci levels that will generate the lines. Set to 0 (zero) to disable the level.
- Here you can customize the lines, including line styles, thickness, and colors.
- Here you can pause all the alerts from this indicator.
- This will allow alerts that come from strong support and resistance lines only.
- Choose which price line will trigger the alerts. Ask or Bid.
- Choose if the alerts will be triggered when a bar closes or immediately when the price touches the lines.
- Here you can add a comment that will show up in the alert messages.
- Here you can enable sound alerts.
- Here you choose the sound you want for the alerts.
- Here you can enable pop-up alerts from the cTrader platform.
- Here you enable Telegram alerts.
- Here you enable screenshots of the chart to be sent to your Telegram when an alert is triggered. Note that the chart must be visible for this feature to work.
- Here you will place the Token and the ID of your Telegram bot. Click here to learn how to create your own bot in less than 3 minutes: https://vegaxlr.gumroad.com/p/how-to-create-a-telegram-bot-and-get-its-id-and-token
- Here you can enable email alerts. Click here to learn how to configure your email: https://vegaxlr.gumroad.com/p/how-to-configure-the-ctrader-platform-to-send-emails.
Screenshots:
Check out this video demonstration of this indicator working:
You get a cTrader indicator (.algo) and its user guide (.pdf)