Support And Resistance Levels Metatrader 4 Indicator

This is one of the best support and resistance indicators available to traders. It can be used to trade forex, CFD stocks,…

Key Assumptions

Bullish pressure: Sustained price break above resistance.
Bearish pressure: Sustained price break below support.
Flat market: Price trades between support and resistance.

Trading Signals

BUY: Wait for a sustained break above key resistance levels.
SELL: Wait for a sustained break below key support levels.

Download

Download the SupportResistanceLevels Metatrader 4 indicator.

Configurable Indicator Options

Contact_Step, Precision, Shift_Bars, Bars_Count

GBP/USD 30 Min Chart Example

support-resistance-levels-mt4-indicator

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