Forex support and resistance indicator
Support and resistance are more than just lines drawn at price highs and lows on a chart. Mahesh February 2, Precious February 24,
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Best Support and Resistance Indicator for MT4
That is can alerts be added to the support and resistance levels even the midpoint support and midpoint Resistance levels. One of the reasons I believe this is the best support and resistance indicator for MT4 is the fact that there are a ton of options to customize this indicator to your preferences.
When the forex market moves up and then pulls back, the highest point reached before it pulled back is now resistance. Chris February 16, Craig Harrington June anv, It then shades in a color, grey for uptrend or pink for downtrend. Since I am always looking to trade in the direction of the trendthese indicators act as a confirmation tool. Btw, why you prefer the old one rather than the newest one?
Forex Support and Resistance - champagnetease.com
It still works fine for me. Lucas Caccavaro March 14, Starting a thread at FF to see if we can get some help with this is on my list of things to do. I did find this: It should work for any MT4 platform. TX For this article, i want to know if you have indicator resisstance
The most important feature is alerts, any coder who can add this feature please?? Support and resistance is one of the most widely used concepts in forex trading.
H1, H4, D1 Support and Resistance Forex Indicator
Will March 30, This is a very good indicator. Bobby December 9, Mido October 16, Chris February 20, How do I get the indicator. I mean, I already saw a lot of indicators and until now, nothing with a good results. To learn why this happens and more support and resistance tips, download my free eBook, How to Choose Indifator Support and Resistance Levels.
Hi Chris, Idnicator am inspired by your work and it is the first time visiting a website and being drawn to it immediately. Chris April 15, Phil September 17, Chris January 11, Please send me the updated file too, so I can share it with everyone.
Looking at the chart now, you can visually see and come to the conclusion that the support was not actually broken; it is still very much intact and now even stronger. In this way, resistance and support are continually formed as the forex market oscillates over time.
It can even plot inner and outer Fibonacci levels for you. Chris April 3, Chris June 5, On the EURUSD chart below suppport lines move with the price, forming higher horizontal lines resisyance the highs and lows as the price makes upward progress.
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