Now many forex traders facing a problems in placing the support and the resistance easily on metatrader platform so we have been searched on the internet for free support and resistance indicator. We have found one that identifies short term support and resistance.
The concept is a bit different to that we know the traditional support and resistance levels which we using on metatrader .
The concept is a bit different to that we know the traditional support and resistance levels which we using on metatrader .
Support and Resistance Indicator
So when you looking at the photo above you will see the chart and that indicator ditermines say a level of support. and That support 'll stay in it's place until another level is stablished. The new line the “takes over” from the old line and repeats the process.
In the Metatrader 4 Forex chart shown the blue levels represent resistance and the red one support levels.
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You can Download The Indicator by clicking on Download
You can Download The Indicator by clicking on Download
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