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How can you trade using the cTrader support & resistance level indicator? Well, support and resistance is a concept that the movement of the price of an instrument will tend to stop and reverse at certain price levels. These levels are calculated by multiple touches of the price without a breaking through the level.
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What Are Support & Resistance Levels?

Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to a sell-off when prices increase.

 

Support acts as a floor that limits any further downward movement and an area on your chart with potential buying pressure

ctrader support level

 Resistance, on the other hand, acts as a ceiling limiting further upward movement and an area on your chart with potential selling pressure

ctrader resistance level

Support in the past can mean resistance in the future. The same thing goes for resistance. The Resistance in the past could mean support in the future. Support and resistance levels are one of the key concepts used by technical analysts and form the basis of a wide variety of technical analysis tools. 

Both are formed through the actions of the traders in the current market. 

 

ctrader supply demand levels

 

What Does This Indicator Do?

 We have converted this indicator from the MT4 trading platform to work on the cTrader platform. We had to do an extensive cleanup and bug fixing of the code including adding the alert logic for email and telegram, it can display both weak and strong support and resistance levels on your chart in the form of a box, we decided not to shade the boxes so you can see the candlestick price action.
 
 cTrader supply & demand alerts

 

Dynamic Support & Resistance Zones Created and Removed

This indicator will dynamically add and remove new support and resistance zones as the price action is happening real-time, so you can just leave it running and receive alerts when the price reaches a strong support or resistance zone.

When a zone has been breached it is deemed as no longer a support or resistance level and this zone is automatically removed from the chart.

 

What Kind of Alerts Are There?

ctrader trading zone alerts

The alerts are a pop-up message on the screen, an audible sound which you can configure yourself, an email message and a free instant telegram message. 

Install the Telegram App on your mobile phone and receive free instant messages, you no longer need to pay using an SMS service.

telegram ctrader

 Click Here For Help On How To Set Up Your Telegram Service

Reviews From People Using The Telegram Service

 

How To Learn Trading Support & Resistance Levels

 Download this PDF document if you want to learn how to trade support and resistance levels by clicking on the link below.

ctrader trading zones pdf document

Download the FREE Training Document

 

Configurable Parameters

Your adjustable parameters are shown below.

 ctrader trading zone parameters

 

Watch a Video Demonstration

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 7 minutes

 

How To Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

~ Add the indicator to any chart to register ~

 

 ClickAlgo Product Helpdesk

If you cannot find the help you need on the product support page then submit a support ticket.

Submit a Support Ticket

What Are Support & Resistance Levels?

Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to a sell-off when prices increase.

 

Support acts as a floor that limits any further downward movement and an area on your chart with potential buying pressure

ctrader support level

 Resistance, on the other hand, acts as a ceiling limiting further upward movement and an area on your chart with potential selling pressure

ctrader resistance level

Support in the past can mean resistance in the future. The same thing goes for resistance. The Resistance in the past could mean support in the future. Support and resistance levels are one of the key concepts used by technical analysts and form the basis of a wide variety of technical analysis tools. 

Both are formed through the actions of the traders in the current market. 

 

ctrader supply demand levels

 

What Does This Indicator Do?

 We have converted this indicator from the MT4 trading platform to work on the cTrader platform. We had to do an extensive cleanup and bug fixing of the code including adding the alert logic for email and telegram, it can display both weak and strong support and resistance levels on your chart in the form of a box, we decided not to shade the boxes so you can see the candlestick price action.
 
 cTrader supply & demand alerts

 

Dynamic Support & Resistance Zones Created and Removed

This indicator will dynamically add and remove new support and resistance zones as the price action is happening real-time, so you can just leave it running and receive alerts when the price reaches a strong support or resistance zone.

When a zone has been breached it is deemed as no longer a support or resistance level and this zone is automatically removed from the chart.

 

What Kind of Alerts Are There?

ctrader trading zone alerts

The alerts are a pop-up message on the screen, an audible sound which you can configure yourself, an email message and a free instant telegram message. 

Install the Telegram App on your mobile phone and receive free instant messages, you no longer need to pay using an SMS service.

telegram ctrader

 Click Here For Help On How To Set Up Your Telegram Service

Reviews From People Using The Telegram Service

 

How To Learn Trading Support & Resistance Levels

 Download this PDF document if you want to learn how to trade support and resistance levels by clicking on the link below.

ctrader trading zones pdf document

Download the FREE Training Document

 

Configurable Parameters

Your adjustable parameters are shown below.

 ctrader trading zone parameters

 

Watch a Video Demonstration

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 7 minutes

 

How To Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

~ Add the indicator to any chart to register ~

 

 ClickAlgo Product Helpdesk

If you cannot find the help you need on the product support page then submit a support ticket.

Submit a Support Ticket

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Good Indicator
The indicator is very good, thank you.
From: Dimitrios | Date: 18/08/2018 14:17
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