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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

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

support-resistance-psar

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.