SR Cloud Indicator
Info
The SR Cloud Indicator is a Indicator for MetaTrader 5 that sr cloud indicatorthis indicator calculates potential resistance and support levels based on historical price volatility around the bar's open price. The core idea is to add a value derived from the average minimum swing and its standard deviation to the open price to determine resistance, and subtract it for support.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use SR Cloud Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
SR Cloud IndicatorThis indicator calculates potential resistance and support levels based on historical price volatility around the bar's open price.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Trading Session Boxes Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.
SR Cloud IndicatorThis indicator calculates potential resistance and support levels based on historical price volatility around the bar's open price.
Also recommended: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - similar indicator with strong performance on MetaTrader 5.
The core idea is to add a value derived from the average minimum swing and its standard deviation to the open price to determine resistance, and subtract it for support.
The minimum swing relative to the open price of a day or week is defined as the lesser of the distance between the high and open, or the open and low.
Resistance Level Calculation:
R = Open + Average Minimum Swing + (Multiplier Coefficient * Standard Deviation of Minimum Swing)
Support Level Calculation:
S = Open - Average Minimum Swing - (Multiplier Coefficient * Standard Deviation of Minimum Swing)
Where:
- Average Minimum Swing is the average of the minimum swings calculated over a specified period (e.g., 4 or 9 bars/weeks).
- Standard Deviation of Minimum Swing measures the dispersion of these minimum swings.
- Multiplier Coefficient is a configurable setting that adjusts the influence of the standard deviation on the calculated levels.
Unlike some methods that distinguish between divergent and non-divergent bars, this indicator considers all minimum swings within the specified lookback period.
The indicator calculates the average swing value and its standard deviation separately for different lookback periods (e.g., 4 bars and 9 bars). It then selects the maximum value derived from the combination of the average swing and standard deviation, adjusted by the multiplier coefficient. This coefficient, adjustable in the indicator's settings, defaults to one, meaning one standard deviation is added to the average minimum swing.
The original indicator was developed in MQL4 and published on 26.08.2026.
Figure 1. The SR Cloud Indicator
You may also like: Spread Monitor Indicator for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_type1 draw_filling
#property indicator_color1 clrkhaki
#property indicator_label1 "sr_cloud"
enum applied_price_ // .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.