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Weekly Support/Resistance Forex Indicator For H4 and D1 Charts

The weekly support & resistance Forex indicator for Metatrader 4 draws horizontal S/R levels on the chart based on the weekly candlestick from past week.

It’s a great trading indicator for swing and longer-term traders.

Use the indicator on the 4 hours and daily charts.

Trading Signals

Buy:

Look to buy near the weekly support level in an uptrend.

Sell:

Look to sell near the weekly resistance level in an downtrend.

Indicator Preferences

Currency pairs: Any

Preferred Time frames: Suitable for 4 hour and daily charts.

Sessions: any

Download

Download the weeklySR.mq4 indicator.

Configurable Indicator Options

Count bar, start, time frame

GBP/USD Daily Chart Example

weekly-support-resistance-forex-indicator

How to install the Weekly Support/Resistance custom indicator in Metatrader 4?

  • Download the weeklySR.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.