Support & Resistance Tool 

TSR Supports & Resistances V2_MT4/5 is an advanced technical analysis indicator engineered for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. It automatically detects critical high/low (Pivot) points on the chart to plot dynamic Trendlines and Support / Resistance Zones.

Key Features

• Automated Pivot Detection: Dynamically identifies major price reversal points (Swing Highs / Swing Lows) across price movements.

• Smart Trendlines: Automatically draws ascending and descending trendlines, with an option to display violated (broken) trendlines as grayed-out or dotted lines.

• Body/Wick-Based Support & Resistance Boxes: Creates realistic support/resistance zones using both candle bodies and wicks, rather than relying on a single line.

• Custom Violation Sensitivity (Max Violation): Filters out fakeouts and weak levels by tracking how many times price has pierced a specific level.