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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


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


    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 the weeklySR.mq4 indicator.

    Configurable Indicator Options

    Count bar, start, time frame

    GBP/USD Daily Chart Example


    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.