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.
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).
Currency pairs: all
Time frames: H1, H4, D1
Trading sessions: all
Configurable Indicator Options
Support/resistance color, …
EUR/USD H1 Chart Example