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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 the SupportResistanceLevels.mq4 Metatrader 4 indicator.

    Configurable Indicator Options

    Contact_Step, Precision, Shift_Bars, Bars_Count

    GBP/USD 30 Min Chart Example


    How to install the Support And Resistance Levels custom indicator in Metatrader 4?

    • Download the SupportResistanceLevels.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.