H1, H4, D1 Support and Resistance Forex Indicator

The SRcandle forex indicator shows support and resistance levels on the 1 hour, 4 hour and daily chart. S&R levels are based on the higher timeframe’s and goes as follows:

H1 (hourly) chart – support and resistance levels are based on the daily chart. H4 (4 hour) chart – support and resistance levels are based on the weekly chart. D1 (day) chart – support and resistance levels are based on the weekly chart.

Trading Signals

Buy signal: In an up trend, go long above resistance (buy breakout) or buy near key support levels (buy on dips).

Sell signal: In an downtrend, go short below support (sell breakout) or sell near key resistance levels (sell on rallies).

Indicator Preferences

Currency pairs: all

Time frames: H1, H4, D1

Trading sessions: all

Download

Download the SRcandle.mq4 indicator.

Configurable Indicator Options

Support/resistance color, …

EUR/USD H1 Chart Example

advanced-support-resistance-fx-indicator

Share Now!