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Using Classical Fractals to Draw Potential Support and Resistance

Article MQL5 code base
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Summary

SuperSR6 is an indicator that draws possible support and resistance lines based on classical fractals. The document identifies the tool as an MQL4 implementation and notes that it was published in the MQL4 Code Base in 2007. It provides no explanation of how fractal points are selected, how lines are calculated or updated, or how traders might use them to generate entries and exits.

The description offers a basic technical-analysis concept, but no chart examples, performance evidence, or evaluation of signal quality. Potential support and resistance levels are presented as possibilities rather than confirmed price barriers, and the document does not discuss how the indicator behaves across markets or timeframes. It is therefore a brief indicator overview rather than a tested trading method.

Key ideas

  • The indicator uses classical fractals to plot potential support and resistance levels.
  • The implementation is associated with MQL4 and was published in 2007.
  • The description does not specify the calculation rules or trading signals.
  • No performance evidence or market and timeframe evaluation is provided.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.