VegaXLR - Auto Support and Resistance is a cTrader indicator that automatically identifies and draws support and resistance lines on trading charts. It uses key Fibonacci levels combined with price swing analysis (zigzags) to generate these lines, aiding traders in recognizing critical price levels. The indicator offers full customization of line styles, thickness, and colors, and allows adjustment of the number of support and resistance lines displayed.
It features real-time alerts triggered when price interacts with these levels, with configurable conditions such as bar-close or instant price-touch alerts. Alert notifications can be sent via multiple channels including Telegram, Email, pop-ups, and sounds. Users can specify which Fibonacci levels to use for line generation and choose whether alerts trigger from Ask or Bid price lines. Additional options include enabling alerts only for strong levels, customizing alert messages, and capturing chart screenshots to send via Telegram.
A user guide is accessible directly from the chart for ease of use. This tool supports Forex markets and is designed to assist both beginners and professionals in technical analysis by automating the detection of key support and resistance zones.