Weekly Support/Resistance Forex Indicator For H4 and D1 Charts
The weekly support and resistance forex indicator 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.
Buy: Look to buy near the weekly support level in an uptrend.
Sell: Look to sell near the weekly resistance level in an downtrend.
Currency pairs: Any
Preferred Time frames: Suitable for 4 hour and daily charts.
Configurable Indicator Options
CountBar, start, TF,…
GBP/USD Daily Chart Example