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KL Period Support And Resistance Metatrader 4 Indicator

An easy to use Forex support and resistance trading indicator for Metatrader 4 based on the KLPeriod.

The red line represents resistance, the green line represents support.

Trading Signals

In up trends: buy a break above the red resistance line. Look to buy near support.
In down trends: sell a break below the support line. Look to sell near resistance.
Flat markets: look to buy near support / look to sell near resistance.

Download

Download the #FPL-SR.mq4 indicator

Configurable Indicator Options

KLPeriod

EUR/USD Hourly Chart Example

support-resistance-mt4-indicator

How to install the KL Period Support and Resistance custom indicator in Metatrader 4?

  • Download the #FPL-SR.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.