IMPORTANT SUPPORT RESISTANCE PRICE ZONES INDICATOR

• Easy to use and highly effective indicator for free
• With the indicator, you can see the most important support/resistance zones watched by many traders and institutions
• High probability of market reaction on the zones
• Useful for all currencies and timeframes
• Compatibility: MetaTrader 4
• Regularly updated for free
•  

  How to trade with the indicator profitably:

  1) Range trading - trade pullbacks.

  
  
  2) Trade reversals as soon as supports become resistances or resistances become supports. ​
  
  
  ​3) Take profits or set stop-loss based on support/resistance zones.
  

   For more information how to use supports and resistances in your trading, you can visit our support and resistance educational article.

SUPPORT AND RESISTANCE

Support and resistance are a foundational part of most technical trading strategies. It’s one of the oldest trading tools used in technical analysis and it’s rightfully so. The concept of prices reversing near support or resistance levels has proven to be a highly reliable method to trade the markets for as long as it’s been used.

There are some differences in how different traders determine support and resistance levels, but in essence, the definition is the same in the trading world:

Support is always below the current price level. Any swing low on the chart is regarded as support. The more pronounced the swing low the stronger the support level is considered to be.

​The black lines indicate the support levels on the chart, from the starting point on the left, projected into the future to the right.

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