Ichimoku Support Resistance AD Indicator MT5 Download – Free – [TradingFinder]

The Ichimoku Support and Resistance AD Indicator accurately identifies key market levels using technical analysis concepts, including the Ichimoku system and fractal points.

This tool automatically displays support lines in blue and resistance lines in red on the chart. One of its practical features is the visual display of fractal points to better analyze price movements.

Specifications Table Ichimoku Support and Resistance AD Indicator

The features of the Ichimoku Support Resistance AD Indicator are summarized in the table below:

Overview of the Ichimoku Support and Resistance AD Indicator

The Ichimoku AD Support and Resistance Levels Indicator, by combining Ichimoku for trend direction and fractals for identifying reversal points, offers a precise and comprehensive market condition analysis.

 When support or resistance levels are broken in the trend direction, the tool provides a suitable opportunity to enter trades.

Uptrend Conditions

According to the analysis of the silver vs. US dollar (XAG/USD) chart on the 1-hour timeframe, the price turns bullish after retesting the supportlevel and also breaks the resistancelevel.

Under such conditions, based on initial interactions with the market bias or after the trend forms, buy positions can be entered during future interactions with support levels.

Downtrend Conditions

Based on the 30-minute chart analysis of the NZD/USD currency pair, the price, after multiple contacts with the supportlevel, eventually breaks it.

In such situations, a price pullback to the broken point typically provides a good opportunity to enter sell trades.

Settings Ichimoku Support and Resistance AD Indicator

The following image shows the settings panel for the Ichimoku Support Resistance AD indicator:

• Tenkan-sen period: Calculation period for the Tenkan-sen line
• Kijun-sen period: Calculation period for the Kijun-sen line
• Senkou Span B period: Calculation period for the Senkou Span B line
• Fractal rank: Sensitivity level for fractal detection
• Color of support lines: Support line color on the chart
• Style of support lines: Support line style
• Thickness of support lines: Support line thickness
• Color of resistance lines: Resistance line color on the chart
• Style of resistance lines: Resistance line style
• Thickness of resistance lines: Resistance line thickness
• Show Fractals: Enable or disable fractal display
• Lookback: Number of candles to look back for indicator calculations

Conclusion

The Ichimoku AD Support and Resistance Levels Indicator, by integrating the Ichimokusystem and fractal-based reversal structures, facilitates the identification of important price zones.

This trading tool automatically draws support and resistancelevels and provides a better understanding of price behavior during uptrends and downtrends.