KL Period Support And Resistance Metatrader 4 Indicator
An easy to read forex support and resistance trading indicator based on the KLPeriod. The red line represents resistance, the green line represents support.
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.
Configurable Indicator Options
EUR/USD Hourly Chart Example