cTrader Support & Resistance Quark

This indicator does the hard work of marking these points for you, making it easier to see potential opportunities or risks at a glance. Trading with a support and resistance indicator involves identifying key price levels to plan your entries and exits:

• Buy at Support: Look for the price to approach a support level and show signs of holding, such as candlestick patterns or bullish momentum. Enter long trades here with a stop-loss just below support.
• Sell at Resistance: Watch for the price to approach resistance and show signs of struggling to break higher, like bearish patterns or weakening volume. Enter short trades here with a stop-loss just above resistance.
• Breakouts: If the price breaks through support or resistance with strong momentum, it may signal a continuation in that direction—trade in the breakout direction, setting stop-losses near the broken level.
• Range Trading: In sideways markets, buy near support and sell near resistance, exiting positions before the price hits the opposite level.
• Use Confirmations: Combine the indicator with other tools, such as moving averages, RSI, or MACD, for more substantial trade setups.

Always manage risk by setting appropriate stop-losses and position sizes.

Below are the settings for this indicator.

• Periods back, how many periods are used for the calculation?
• Confirmed touched, how many times the price has to feel a potential level.
• Color, the colors for the support or resistance lines.
• Thickness, the thickness of each support or resistance line.

Supporting Indicators

Additional indicators alongside support and resistance can provide more pungent trade confirmations and reduce false signals. Here are some of the best indicators to pair with a support and resistance indicator:

1. Moving Averages: Identify trends and dynamic support/resistance levels. For example, prices often bounce around 50-day or 200-day moving averages.
2. Relative Strength Index (RSI): Detect overbought or oversold conditions near support/resistance levels, signalling potential reversals.
3. Bollinger Bands: Highlight price volatility and potential bounce zones at the upper or lower bands near support or resistance.
4. MACD (Moving Average Convergence Divergence): Confirm trend strength or potential reversals when the price interacts with key levels.
5. Volume Indicators: High volume near support or resistance strengthens the validity of those levels or indicates a potential breakout.
6. Candlestick Patterns: Patterns like pin bars, engulfing candles, or doji visually confirm reversals near these levels.

Important Information

As with all technical indicators, use this indicator in conjunction with other indicators and your manual strategy as a confirmation. There are too many variables in the market to trade with a single indicator. 

How To Install & Remove

Follow the instructions below to install this indicator.

• How to install
• How to open
• How to remove
• How to edit settings

Any Questions?

If you have any questions, search our product help forum for the answer or post a new question.

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