Support And Resistance Metatrader 4 Indicator

The Barry Support and Resistance MT4 indicator visualizes support and resistance levels on the charts. Blue colored dots suggest support. Red colored dots suggest resistance. It works on all currency pairs and for all time frame’s.

General Assumptions

Buy a close above resistance in up trending markets. Place stop-loss below previous support.
Sell a close below support in down trending markets. Place stop-loss below previous resistance.

Use in conjunction with trend analysis tools to determine the primary trend. Trade with the trend for best results.

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Download the Support And Resistance Metatrader 4 indicator.

GBP/USD Daily Chart Example

support-resistance metatrader4

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