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Support & Resistance Fibonacci Retracement Metatrader 4 Indicator

    The support & resistance Forex indicator for MT4 identifies key support and resistance levels but also minor S&R levels and important Fibonacci retracement levels.

    You can use support and resistance levels to trade reversals or break-outs and fib retracements to buy dips in uptrends and sell rallies in downtrends.

    What to look for?

    In uptrends, traders look to buy near the 38.2% Fibonacci Retracement level (buy on dips).

    In downtrends, traders look to sell near the 38.2% Fibonacci Retracement level (sell on rallies).

    Trading Signals

    Uptrends: Look to go long at support levels in uptrends (buy dips). Buy breaks above resistance levels. Buy near the 38.2% fib level.

    Downtrends: Look to go short at resistance levels in downtrends (sell rallies). Sell breaks below support levels. Sell near the 38.2% fib level.

    Indicator Preferences

    Currency pairs: any

    Preferred Time frames: any

    Sessions: any


    Download the support and resistance- Ac.ex4 indicator.

    Configurable Indicator Options


    EUR/USD M15 Chart Example


    How to install the Support & Resistance Fibonacci Retracement custom indicator in Metatrader 4?

    • Download the support and resistance- Ac.ex4 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.