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.

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

CountBar, start, TF,…

GBP/USD Daily Chart Example

weekly-support-resistance-forex-indicator

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