Support and Resistance


You can now download the Support and Resistance indicator for free on AtoZ Markets indicators gallery.

Support and Resistance MetaTrader indicator 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.

How to trade with Support and Resistance

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.

 

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How to download and install an indicator

In order to install the indicator on your MT4 or MT5 platform, you need to follow these steps:

  1. Click on the “Download Indicator” button located at the bottom of the screen.
  2. Save the file to your computer.
  3. Extract and move the files into the MT5>Indicator folder of the MetaTrader4 software file directory.
  4. Restart your Metatrader platform.
  5. Navigate to “Indicators.”
  6. And select the “Support and Resistance” template to apply it on the chart.

Note: This indicator was developed by a third party. AtoZ Markets does not carry any copyrights over this trading tool.

Should you trade 'Support and Resistance Indicator' on your own at all?

Before you start trading with support and resistance indicator, you'll want to read this.

Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.

 

 

His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.

Want to see which ones?

 

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  1. Thanks Auther

    Reply

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