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Support/Resistance Parabolic Sar Levels Metatrader 4 Indicator

    This special indicator plots support and resistance dots on the charts.

    It’s based on the Parabolic Sar (PSAR) indicator and can be used to follow the hourly and 4 hour trend (recommended time frame’s).

    The indicator also offers a very simply method of moving trailing stops, i.e., 1 pip above the orange dots or 1 pip below the blue dots.

    Trend Signals

    Up Trend: Blue dots plotted below the market price. Look for buy signals.
    Down Trend: Orange dots plotted above the market price. Look for sell signals.


    Download the Support-Resistance Psar Levels.mq4 Metatrader 4 indicator.

    Configurable Indicator Options

    bars back, sar step, sar max, price size

    EUR/USD 4 Hour Chart Example


    How to install the Support/Resistance Parabolic Sar Levels custom indicator in Metatrader 4?

    • Download the Support-Resistance Psar Levels.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.