Forex support and resistance indicator

Forex June 26, Starting a thread at FF to see if we can get some help with this is on my list of things to do. I love to hear that traders are finding value in these articles of mine. Zat October 9,

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Chris July 15, I started out with MT5. This is a very good indicator.

Chris February 16, Nice one chris…working very well. Mido fixed this indicator for us. Andre Frank December 8, Lucas Caccavaro March 15, Chris November 14, Bobby December 9, However, you will resiwtance that this is not always the case.

Forex Support and Resistance

This site uses Akismet to reduce spam. It can even plot inner and outer Indicattor levels for you. Mido December 12, Phil September 17, Horizontal support and resistance levels are not the only levels that you should be concerned with either; often, moving averages e. I mean, I already saw a lot of indicators and until now, nothing with a good results.

Best Support and Resistance Indicator for MT4

The reason is that indicatoe charts only show you the closing price while candlesticks add the extreme highs and lows to the picture. Chris March 14, Alternatively, open your MT4 platform and go to the Code Base tab.

You May Also Like. Hey Chriss, any progres for D1 TF? Having this gives a more pronounced picture of whether the price is rising or falling.

H1, H4, D1 Support and Resistance Forex Indicator

Chris January 11, This indicator does not use alerts of any kind. Chris April 15, I have not tested it though, just found it now. Just copy the templates you want to keep, transfer them to your other computer, and add them suppoort the template folder of your new MT4 installation. That being said, anyone that can add weekly and monthly pivots to this indicator is welcome to.

Keep in mind that this indicator only works on H1 or lower time frames. Most charting platforms, that allow for customized indicators, will have have support and vorex. Everyone thinks of changing the world, uspport no one thinks of changing himself.

Once on your chart, make sure the indicator starts the period in alignment with your period separators. When the forex market moves up and then pulls back, the highest point reached before it pulled back is now resistance.

Chris September 13, If you did, check that you placed it into the correct folder follow the instructions above.

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