<< Back to MetaTrader Forex Indicators List
Support and Resistance
Support and Resistance MetaTrader indicator
as the name of this indicator suggests, it displays the support and resistance
levels. It shows them directly on the chart, providing an easy help when you
want to set stop-loss or take-profit level, or when you want to see the next
market target. This indicator uses the standard MetaTrader Fractals indicator
(by Bill Williams' method) and has no changeable input parameters. This
indicator is available for MetaTrader version 4 and 5.
The picture says it all. Use the levels marked by the blue dots for support
and the levels marked by the red dots for resistance. And don't forget that
support may become next resistance if breached and vice versa.
Downloads:
Support and Resistance for MetaTader 4 in .zip
Support and Resistance for MetaTader 4 in .mq4
Support and Resistance for MetaTader 5 in .zip
Support and Resistance for MetaTader 5 in .mq5
Discussion:
Warning! Before you ask any basic questions regarding installation of
the indicators, please, read this
MetaTrader 4 Indicators Tutorial or MetaTrader 5 Indicators Tutorial
to get the elementary knowledge on handling them.
Do you have any suggestions or questions regarding this indicator? You can
always
discuss Support and Resistance with
the other traders and MQL programmers on the indicators forums.
|