Price Magnets M5: Identify High-Probability Support and Resistance Zones Automatically on MT5

Price Magnets M5 review 2026 performance analysis begins with its core differentiator: focus on price-time density rather than volume. Price Magnets M5 maps where price spent the most time over a user-defined lookback, then highlights those levels as magnets that attract or repel subsequent moves. In testing, the tool produced repeatable zone detections that aligned with daily and H4 structural turns on major forex pairs and indices. Ivan Simonika built the indicator to provide objective zone identification for MT5 users, allowing discretionary and automated strategies to reduce guesswork. What makes Price Magnets M5 unique is its statistical clustering algorithm that weights time-in-price, producing heatmap bands instead of single-line levels. The algorithm smooths short-term noise and prioritizes sustained price occupation, which helps distinguish genuine structural levels from intraday spikes. In practice, the indicator works best in range-bound to moderately trending conditions where price revisits established zones. Risk management is integrated through recommended stop placement beyond the density band and optional confirmation filters for trend alignment. Expected performance characteristics include moderate trade frequency, higher win-rate on mean-reversion set-ups, and occasional larger winners when zones coincide with multi-timeframe confluence. For systematic traders on MT5, Price Magnets M5 offers a data-driven layer that can be quantified, backtested, and incorporated into position-sizing rules.