Support Resistance Psar Levels Metatrader 4 Indicator

This special indicator plots support and resistance dots on the charts. It’s based on the ParabolicSar (PSAR) indicator and can be used to follow the hourly and 4 hour trend (recommended time frame’s). It 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

Download the Support-Resistance Psar Levels Metatrader 4 indicator.

Configurable Indicator Options

bars_back, sar_step, sar_max, price_size,…

EUR/USD 4 Hour Chart Example

support-resistance-psar

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