Support and Resistance MT4 - MetaTrader 4 Script | Forex Indicators Download - MetaTrader 4 Resources
Support and Resistance MetaTrader Indicator — as the name of this indicator suggests, it displays support and resistance level. It displays them directly on the chart, providing you with simple assistance when you want to set stop loss or take profit levels, or when you want to see the next market target. The indicator uses standard MetaTrader fractal indicators (via Bill Williams' method) and has no changeable input parameters. This indicator is available for MetaTrader versions 4 and 5.
Attachment download
📎 support_and_resistance.mq4 (3.67 KB)
Source: MQL5 #55514
Support and Resistance MT4 - MetaTrader 4 Script | Forex Indicator Download - MetaTrader 4 Resource Usage and Screening Suggestions
Support and Resistance MT4 - MetaTrader 4 Script | Forex Indicator Download - MetaTrader 4 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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