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Fractals Support And Resistance Metatrader 4 Indicator

This indicator finds and draws support and resistance lines based on fractals for the following periods: Month, week, day, 4 hour and 1 hour.

A nice indicator to trade breakout signals above/below the fractals R/S lines.

Trading Signals

Buy a breakout above resistance lines.
Sell a breakout below support lines.

Indicator Preferences

Currency pairs: any
Preferred Time frames: M15 and above
Sessions: any

Download

Download the FractalSupportResistance.mq4 indicator.

Configurable Indicator Options

Support/resistance line colors

GBP/USD H4 Chart Example

fratals-support-and-resistance-forex-indicator

How to install the Fractals Support And Resistance custom indicator in Metatrader 4?

  • Download the FractalSupportResistance.mq4 indicator to your computer.
  • Open your Metatrader 4 platform.
  • Open the data folder from the top menu.
  • Open the MQL4 folder.
  • Open the indicators folder.
  • Paste the indicator file in this folder.
  • Restart the trading platform.
  • Open any trading chart.
  • Attach the indicator to the chart.