ACCURATE SR ZONES Indicator V1.0 MT4

Introduction

ACCURATE SR ZONES Indicator V1.0 MT4 is a structured technical analysis tool for the MetaTrader 4 platform that automatically identifies and displays key support and resistance zones. Instead of manually drawing lines that may vary from trader to trader, this indicator analyzes historical price structure, swing highs and lows, and reaction strength to highlight objective price zones. It is designed to improve clarity, entry precision, and overall market structure understanding.

Key Features

1. Automatic Support Zone Detection
   Identifies price areas where strong buying pressure previously caused upward reactions.

2. Automatic Resistance Zone Detection
   Detects zones where significant selling pressure led to downward price movement.

3. Zone-Based Marking
   Displays support and resistance as ranges rather than single lines for realistic price behavior.

4. Breakout and Retest Recognition
   Helps identify structural flips where broken resistance may act as support and vice versa.

5. Multi-Timeframe Compatibility
   Works across M15, H1, H4, and D1 timeframes.

6. Adjustable Sensitivity Settings
   Allows customization of zone strength, lookback period, and filtering.

7. Non-Repainting Logic
   Once confirmed, zones remain fixed and do not shift historically.

8. Lightweight Performance
   Designed to operate efficiently without slowing MT4.

Recommended Settings

For balanced and practical use:

• Use H1 or H4 timeframe for stronger structural zones

• Keep default sensitivity for beginners

• Lower sensitivity if too many zones appear

• Combine higher timeframe zones with lower timeframe confirmations

• Risk 1–2% per trade when trading around zones

These settings help maintain disciplined trade planning and clarity.

Backtest Result

Since this is an indicator and not an automated Expert Advisor, traditional strategy backtesting does not apply. However, historical chart analysis shows that well-formed support and resistance zones frequently result in:

• Price reactions

• Temporary reversals

• Break-and-retest setups

Effectiveness depends on confirmation methods, market conditions, and risk management.

Advantages

1. Reduces Subjectivity
   Automatically marks zones instead of relying on manual drawing.

2. Improves Entry Planning
   Encourages waiting for price to reach structured levels.

3. Enhances Risk Management
   Provides logical stop-loss and take-profit placement areas.

4. Supports Market Structure Analysis
   Helps visualize higher highs, lower lows, and consolidation areas.

5. Compatible With Other Strategies
   Works well with trend-following, breakout, and reversal setups.

6. Multi-Timeframe Flexibility
   Suitable for intraday and swing traders.

Disadvantages

1. No Automatic Trade Execution
   Requires manual decision-making and confirmation.

2. False Breakouts Can Occur
   Strong trends may break zones without reaction.

3. Market Condition Sensitivity
   Performance varies in trending versus ranging markets.

4. Requires Structural Understanding
   Best results require knowledge of price action concepts.

5. No Profit Guarantee
   Like all technical tools, it cannot eliminate trading risk.

Installation & Setup Guide

Step 1: Download the indicator file in .ex4 or .mq4 format.
Step 2: Open MetaTrader 4 and click File → Open Data Folder.
Step 3: Navigate to MQL4 → Indicators.
Step 4: Paste the indicator file into the Indicators folder.
Step 5: Restart MetaTrader 4.
Step 6: Open your preferred currency pair and timeframe.
Step 7: Drag the indicator from Navigator → Indicators onto the chart.
Step 8: Adjust sensitivity and display settings as needed.
Step 9: Use the zones within a structured trading plan with confirmation and risk management.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.