Support and Resistance MT4/MT5 Indicator

Support and Resistance MT4

Support and Resistance line are the places which attract buyers or sellers. Prices may pause, slow, reverse at these levels. There are also times that prices penetrate these zones and continue their way with strength. Many traders use support/resistance breakouts as a part of their strategy. This indicator will help you to plot these key levels. Support and Resistance MetaTrader indicator is very simple indicator, blue dots represent support, red dots are resistance. Those areas you can use for take profit or stops, it’s very easy to use. Support and Resistance indicator uses the standard MetaTrader Fractals indicator (by Bill… Continue reading