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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 the #FPL-SR.mq4 indicator

    Configurable Indicator Options


    EUR/USD Hourly Chart Example


    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.