"Support-Resistance Indicator" discovers triangles, wedges, triangle consolidation patterns, support lines, and resistance lines!
Visualizing “Stop, Exit, and Not Touch Yet” in y-formation ←
Resistance Support & Pattern Comprehensive Indicator
Discretionary trading is said to be a world of feel,
but what is truly important is not the feel
“where in price bands orders are accumulating”—the fact of it.
This product visualizes that on the chart and
is designed to整理 the criteria for entry, take profit, and exit.
Why do resistance/support, triangles, and wedges “work”?
These are not just visually appealing shapes;
they are grounded in the following market structures:
- Accumulation of orders（Concentrated execution points）
- Concentration bands of stops（prone to moving when breached）
- Concentration bands of take profits（prone to reversals）
- Institutional lot fragmentation（facilitates shape formation）
- Common time-frames recognition（daily lines are especially strong）
In other words, charts’ shapes are
the result of “price × orders × time”therefore,
they carry more meaning than they appear.
Resistance line
Take profit / Additional short entries / Area where sellers accumulate
Support line
Buying support / Additional long entries / Take profit band for shorts
Wedge / Triangle consolidation
Lot division → convergence → release to either side
Channel
Visualizes the market’s “breathing” during trends
▼ In which situations is this indicator most useful?
The answer is simple, in three cases:
- Preparation before a break（Triangles and wedges）
- Checking whether it will stop（Touching resistance/support）
- Decision not to touch yet（When line density is high）
In particular, case ③ is important, and beginners who exercise discretion
often fail by entering a “market where you should not touch.”
▼ Timeframes alter its role
- Daily：Overall market sentiment (strongest)
- 4 hours：Decide direction
- 1 hour：Assemble strategy
- 5–15 minutes：Entry timing
This product draws with the same rules on any timeframe,
making the connection between timeframes very easy.
▼ Why it works better with GOLD or cross-yen
These currencies have
high volatility and frequent stop-hunts,
so the accuracy of resistance/support directly affects win rate and expectancy.
▼ Suitable for which traders
- People aiming for breakouts
- People aiming for pullbacks/reversals
- People drawing lines by discretion
- People seeking range on GOLD / cross-yen
- People who want to strengthen decision to not touch yet
In short, this product handles the core of discretion—the
“pre-processing of judgment”.
“pre-processing of judgment”.
※This tool is a drawing aid and does not automate trading decisions.
※Please use according to your own method for final judgments.
※Please use according to your own method for final judgments.
※This is an online community product※
The “Resist-Support Indicator” discovers triangles, wedges, consolidations, support lines, and resistance lines!
■ How to use the Indicator
It identifies resistance and support lines.
It also identifies triangles. If a triangle consolidates and breaks upward, a large rise follows!
If a rising parallel channel breaks downward, a large drop may follow.
If the red trend line above the current candle breaks upward, a large rise occurs.
In that case, buy on touches to support and sell on touches to resistance.
If a triangle breaks upward, a large rise occurs.
→ Purchase here ←
Indicator Features
- Works on all timeframes and currencies.
- Available for MT4.
- When resistance and support lines are cleanly displayed, sell at resistance and buy at support.
- During triangle consolidations, expect a significant breakout in one direction, so enter targeting the break direction. In large breakouts, riding the initial move can yield large profits!
Hiro
Born in 1970 (55 years old)
Investment history: 15 years
Occupation: Company management
Greetings
Nice to meet you.
I am a company manager in my 50s,
and have been trading FX as a side business for over 10 years.
Thinking about money-making mechanisms, implementing them, and
producing results is my life’s work.
“Do it with my own power,” “put in effort,” and “produce results”
are incomparable joys.
I am a company manager in my 50s,
and have been trading FX as a side business for over 10 years.
Thinking about money-making mechanisms, implementing them, and
producing results is my life’s work.
“Do it with my own power,” “put in effort,” and “produce results”
are incomparable joys.
And because I want more people to experience the joy of getting results, I decided to sell them this time.
This is a sale because I want to hear many voices saying “I achieved results!” so please feel free to share.
The development background of the “Resist-Support Indicator”
Besides being a business owner,
people often ask why I also do FX,
and the answer is simply that I love making money.
I love not just money, but the act of making money,
and devising a system to make money is both my hobby and practical.
If you trace back, it all began with a part-time job in school,
and falling in love with earning money.
people often ask why I also do FX,
and the answer is simply that I love making money.
I love not just money, but the act of making money,
and devising a system to make money is both my hobby and practical.
If you trace back, it all began with a part-time job in school,
and falling in love with earning money.
Yet even then I felt that I was not suited to being used by bosses, unfairly scolded, or having my salary exploited by a company. After college, I could not start a company immediately, but ultimately I wanted a job where I take all responsibility and earn all profits myself.
Therefore, in job hunting I chose a company where if I achieved sales targets in three years, I could independently keep the customers I acquired. I worked hard and achieved the goal in three years.
I started my own business in my 20s, and now, with employees, incorporated for over 25 years.
I have a strong desire to earn, and thanks to that, management has been smooth.
However, the desire to earn did not stop at my main job, and I began side businesses quite early.
Network marketing, stocks, mutual funds, futures, affiliates, blogs, resell arbitrage, and more—I tried many ways to make money, but none felt right.
I love effort, I am curious, and I hate being bound by anything.
So I reconsidered what kind of work and money-making I want to pursue,
- A method of increasing income that matches my ideal
- Real-time knowledge of what is happening in the global economy to deepen my education
Then I began in earnest to develop indicators myself.
Fortunately, having a nearby programmer, I began to study and analyze hundreds of indicators, both paid and free and domestic and international. But many were complex and could cause losses if misused.
“The simplest and easiest-to-use indicators are the strongest.”
With that in mind, I developed indicators for myself with the highest emphasis on being beginner-friendly, easy to understand, and simple.
As a result, I now use the “Resist-Support Indicator” on a real account and keep winning.
How to know when to work hard?
There are many kinds of jobs—main work and side jobs.
If you work hard, you can earn more.
FX also requires effort to learn.
However, even if you invest effort to master a difficult system,
that may be a waste of time.
What matters is to learn about the world situation and the trading itself.
If you work hard, you can earn more.
FX also requires effort to learn.
However, even if you invest effort to master a difficult system,
that may be a waste of time.
What matters is to learn about the world situation and the trading itself.
By not going it alone but sharing a profitable mechanism,
more people can use time effectively, which is my joy.
Please, obtain a clear indicator and
make good use of your time, effort, and future!
more people can use time effectively, which is my joy.
Please, obtain a clear indicator and
make good use of your time, effort, and future!
We would be glad if you join from the online community inside Gogojan’s My Page.