What is MT4 support & resistance indicator?

The Support & Resistance indicator helps you in your daily trading. The indicator automatically identifies levels with which the price has previously interacted and displays them as rectangular regions on the MT4 chart. You can determine the price range (height) of support or resistance regions by the gap between the level's highs and lows.

What is the support and resistance lines indicator for MetaTrader?

The Support and Resistance Lines indicator for MetaTrader includes the following features: Automated algorithm. Work with different timeframes. Sensitivity adjustment. Distance to next support and resistance levels. Alerts on the chart, via email and by push-notifications (mobile app). Why Use Support and Resistance Lines Indicator?

How does the support & resistance indicator work?

The indicator will spot support and resistance levels with which the price has actively interacted before. Click the figure indicating the level weight on the left side of the rectangle to see the price touches with a level. The Support&Resistance Indicator aims to assist a trader in their everyday trading.

How does MT4 & MT5 chart work?

It automatically spots the levels the price has actively interacted with before and draws them on the MT4 and MT5 chart as rectangular areas. The price range (height) of support or resistance areas depends on the spread between price highs and lows that the level goes through.