Support and Resistance MetaTrader indicator | FREE Forex Trading Indicator

Support and Resistance MetaTrader indicator. As the name implies, this indicator displays support and resistance levels.
It displays them directly on the chart, making it simple to set a stop-loss or take-profit level, or to see the next market target.
This indicator employs the standard MetaTrader Fractals indicator (as implemented by Bill Williams) and has no modifiable input parameters. This indicator is compatible with MetaTrader 4 and 5.

Support and Resistance Indicator Example MetaTrader Chart



The image says it all. Use the levels indicated by blue dots for support and the levels indicated by red dots for resistance. Remember that if support is breached, resistance will follow, 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


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