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.
Buy a breakout above resistance lines.
Sell a breakout below support lines.
Currency pairs: any
Preferred Time frames: M15 and above
Configurable Indicator Options
Support/resistance line colors
GBP/USD H4 Chart Example