MT4 Support & Resistance Zones Indicator (Dashboard)
MT4 Support & Resistance Zones Indicator automatically identifies and visualizes support and resistance zones based on historical price interaction. It evaluates zone strength and proximity across multiple assets and timeframes, presenting the results in a dashboard format. The tool provides structured reference points for analyzing price behavior within a broader technical framework.
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What the Support & Resistance Zones Indicator Does
MT4 Support and Resistance Zones indicator is a tool that allows identifying major support and resistance zones where price has historically interacted — either a reversal or a breakout with momentum expansion. The zones can be identified based on how price behaves around specific levels or ranges.
The indicator allows you to visualize the market key levels, where price has previously shown repeated interaction — suggesting structural significance rather than random occurrence. The more stops (touches) there are — the more significant the zone is.
We have designed this indicator in a form of a dashboard in order to allow you to visualize the nearest zones and their related strengths across selected currencies and timeframes. This approach provides the ability to view the market at a glance, identifying instruments and timeframes where zones of higher structural significance are currently present.
How to Interpret and Use the Support & Resistance Zones Indicator
There are 2 main price interaction patterns that this indicator is designed to highlight — a bounce condition and a breakout condition.
A bounce condition is observed when price reverses at a zone boundary. A breakout condition is observed when price moves through the zone — this has historically been associated with continued directional movement following the breakout.
Zone Size and Strength
Basically, the indicator draws Support and Resistance zones across the market — red for Support (below the market) and green for Resistance (above the market). Zones change over time in terms of size and strength. They can widen (often) or narrow (rarely); they can become stronger or decrease in strength and become weaker.
While the size of a zone is self-explanatory, the strength is represented by a color. The stronger the zone is, the darker its color. You can check the zone strength by hovering a mouse over it. The weakest zones have strength around 1–2, the zones of a middle strength are 3–5 and the strongest zones have 6–10 strength index (it can be even more in rare cases).
Zones with higher strength and wider ranges have historically shown more frequent price interaction. A breakout through a high-strength zone has historically been associated with stronger subsequent momentum — though past behavior does not guarantee future outcomes.
Reading the Dashboard
The dashboard provides a structured overview of support and resistance zones across multiple assets and timeframes.
Each currency pair/timeframe cell contains 2 boxes — green and red. The green box contains the information about the nearest Resistance zone located on the related chart, while the red box — about the nearest Support zone. The info in each box is designed in the following format:
X – Y pips
Where X is the strength index of the nearest Support/Resistance zone on the related chart and Y is the amount of pips the zone is located away from the current market price. This allows you to identify charts where high-strength zones are located close to the current price — for prioritized review within your analytical workflow.
Support and resistance zones are identified based on historical price behavior and do not predict future price movement. Zone strength reflects historical interaction frequency — not a guarantee of future price reaction. All identified zones should be evaluated within a broader analytical framework.
Indicator Settings & Parameters
The indicator parameters allow you to configure the monitored asset scope and calculation depth.
| Parameter | Description |
|---|---|
| Scanner & Calculation | |
| Currency pairs and timeframes | Select the currency pairs and timeframes that you want to monitor. |
| max_bars | Limits the amount of calculations in order to speed up the indicator in case you do not need it to calculate zones too far in the past. |
System Requirements & Installation
What you need to run the indicator, how to download and install it in MetaTrader 4, and how the license works.
System Requirements
- Platform
- MetaTrader 4 (Desktop)
- Operating system
- Windows 10 or Windows 11
- Instruments
- Forex pairs, metals, indices, CFDs and other symbols available from your broker in MetaTrader 4
- Data
- Your broker’s price feed in MetaTrader 4
Not available on MetaTrader 4 Web or Mobile. Custom indicators run in the MetaTrader 4 desktop terminal only.
License Terms
- Lifetime License
- This indicator only, 1 live and 1 demo account, one-time payment, free updates included.
- All-Access Subscription
- All indicators and trade copiers, billed monthly, cancel anytime, updates included while the subscription is active.
- Free trial
- 5 days on the subscription plan. If not cancelled, the subscription starts automatically.
- License binding
- Linked to your email and to your MetaTrader 4 trading accounts: one live account and one demo account.
- Computers
- Not restricted. The license is linked to your trading accounts, not to a specific computer.
Installation
- Get access
Start the free trial, subscribe, or buy a lifetime license on this page.
- Download
The indicator is not sent by email. Open (top right of this page) and enter the email you used for your trial, subscription or purchase. The indicator file (.ex4) downloads to your computer.
- Copy to the MetaTrader 4 data folder
In MetaTrader 4, go to
File → Open Data Folder, openMQL4 → Indicatorsand copy the downloaded .ex4 file there. - Add to a chart
Restart MetaTrader 4 or right-click Indicators in the Navigator window and select Refresh. Then drag the indicator from the Navigator onto a chart.
- Activate the license
In the indicator inputs, enter the same email. On first activation, the license is linked to that email and to the trading account the terminal is logged into.
If MetaTrader 4 asks for additional permissions when the indicator is attached, such as DLL imports or WebRequest access, allow them in the indicator’s Common tab or under
Tools → Options → Expert Advisors.
Updating: When a new version is released, download it again through and replace the existing .ex4 file in the same folder.
Installation questions? Contact support, Monday to Friday.
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"Best Seller" and "Trending" reflect Nordman Algorithms sales and usage data, January–September 2026.
Disclaimer — Software Use & Risk Disclosure
Nordman Algorithms is a trade name of Nordman Algorithms OÜ (Reg. No. 14435535), registered in Tallinn, Estonia.
Software Use
Software Nature & User Responsibility — Nordman Algorithms provides algorithmic software tools for technical analysis. Nordman Algorithms is not a financial advisor and is not liable for any losses. All trades conducted based on the software’s output are executed at the user’s sole discretion and risk.
Visual Markers & Signal Disclosure — This software may display visual markers (such as arrows, dots, or alerts) when predefined mathematical conditions are met. These markers are provided for educational and analytical purposes only, must not be interpreted as financial guidance, and do not constitute a recommendation to buy, sell, or hold any financial instrument. Users must independently validate all visual cues within their own trading methodology.
No Financial Advice — Nordman Algorithms does not provide discretionary trading signals, investment advice, or managed signal services. Our software represents a mathematical visualization of historical and real-time data. The appearance of a visual marker does not guarantee a profitable trade or predict future market behavior.
Read the full Terms of Service →Risk Disclosure
Trading Risk Warning — Futures, Forex, and options trading involve significant risk. Risk capital is money that can be lost without jeopardizing financial security. Only risk capital should be used for trading. Past performance is not indicative of future results. An investor could potentially lose all or more than the initial amount committed.
ESMA Risk Warning — Financial instruments, especially those involving leverage such as CFDs and Forex, are complex and carry a high risk of rapid financial loss. Our software provides analytical outputs and visual markers based on predefined mathematical conditions and does not mitigate or reduce inherent market risks. You should carefully consider whether you understand how leveraged financial instruments work and whether you can afford the high risk of losing your capital.
CFTC Rule 4.41 — Hypothetical or simulated performance results have inherent limitations. Unlike actual performance records, simulated results do not represent real trading. Because trades have not actually been executed, these results may under- or over-compensate for the impact of market factors such as liquidity. Simulated results are also subject to the benefit of hindsight. No representation is being made that any account will achieve profits or losses similar to those shown.
Read the full Risk Disclosure →Trademark Notice — MetaTrader 4 and MT4 are trademarks of MetaQuotes Ltd. Nordman Algorithms is an independent software developer and is not affiliated with, sponsored by, or endorsed by MetaQuotes Ltd. References to MetaTrader 4 identify software compatibility.
Need a different setup?
We can customize this indicator to your requirements: add new features, change the calculation logic, or combine several tools into a single solution. We also build Expert Advisors on your own logic, with configurable modules such as dynamic risk parameters, multi-stage trailing stops and additional confirmation filters.
Every project is delivered with full source code and post-delivery support. Fixed-price quote before development begins.
